Richmond-upon-Thames Area Guide

The Royal Borough of Richmond upon Thames is one of London’s most expensive areas, with house prices sitting significantly above the London average.

The Royal Borough of Richmond upon Thames is one of London’s most expensive areas, with house prices sitting significantly above the London average. If you are looking for a picturesque riverside retreat with a village-like feel – Richmond offers it. This Zone 4 borough offers a world away from London whilst providing ample opportunity to maintain a chic cosmopolitan lifestyle. The wider Richmond area is a cluster of small, separate communities - all of which are affluent in local sports clubs, independent shops, charming cafes and modern restaurants.

Property market

£776k Average house price
£1,750 Average Rent, 2 Bed
4% Average yield
21% Price growth over last 5 years
15% Price growth 5-years forecast
16% Rental growth over last 5 years
11% Rental growth 5-years forecast

Lifestyle

23 Number of ‘Outstanding’ primary schools
4 Number of ‘Outstanding’ secondary schools
340 Restaurants and cafes
855 Number of shops
57% Proportion of open space
16 Number of stations
1b PTAL (Public Transport Accessibility Level)

The famous Richmond Park - the largest of Richmond’s 128 parks - offers an incredible 2,360 acres of open space, woodland and nature reserves and comes complete with resident roaming deer. And the generous number of highly regarded schools, for children of all ages, creates further appeal for families moving into the borough. Day-trippers and locals can enjoy beautiful riverside strolls while enjoying the picture-perfect Georgian and Victorian houses of Richmond, all while regarding the boats floating quietly on the river. Here too you will also find countless riverside pubs and bars to enjoy relaxing in on a sunny Sunday afternoon.

 

Insights

 

  • House prices are 50% higher than the London average
  • Average rent for a 2-bed flat is 2% lower than the London average
  • House price growth over the last 5 years was 21%, higher than London at 10%. However, over the next 5 years, house price growth is expected to be 15%, lower than London at 19%
  • Average asking rents grew 16% over the last 5 years, higher than London at 14%. However, over the next 5 years average rents are predicted to grow by 11%, lower than London at 14%
  • 51% of the borough's primary schools are rated as outstanding by Ofsted, higher than the London figure of 27%

  • 36% of the borough's secondary schools are rated as outstanding by Ofsted, in line with the London figure

  • With 57% open space, Richmond is significantly greener than the London average of 39%

Twickenham Stadium is built on an old vegetable garden, which is why it is known as the 'cabbage patch'.

Living in Richmond upon Thames means you are spoilt for choice when it comes to nice high streets, good transport links and open green spaces. Barnes is an ideal English village, with its own duck pond, and boutique shops and cafes. I particularly recommend the independent cinema the Olympic Studios.

London boroughs

Use the map below to find out what the other boroughs in London have to offer:

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Disclaimers

 

  • Average 2-bed yield is calculated by REalyse using median 2-bed asking rent and median 2-bed sales prices.  
  • Rental growth over the last five years is for all property (not 2-beds).
  • All data is the latest available as of January 2022.
  • PTAL – Transport for London's (TFL) Public Transport Accessibility Levels (PTALs) are a detailed and accurate measure of the accessibility of a point to the public transport network, taking into account walk access time and service availability. Each area is graded between 0 and 6b, where a score of 0 is very poor access to public transport, and 6b is excellent access to public transport.

 

Sources

 

  • Average Price – ONS, October 2021
  • Asking rent – Realyse, December 2021
  • Yield – Realyse, December 2021
  • House price and rental forecasts – CBRE Research
  • Outstanding primary and secondary schools – OFSTED (December 2021)
  • Number of cafes and restaurants – ONS (2020)
  • Number of shops – ONS (2021)
  • Open space – GiGL (2015)
  • Number of stations – TfL (2015)
  • PTAL – TfL (2015)