Press Release: Lords and Queens: The value of a room with a view
Monday, 13 June 2011
London’s sporting calendar is drawing international attention to both Lords and Queen’s Tennis Club this week, and demand for properties in these areas have risen in value by 2.7% and 6% respectively in the last year alone, according to Marsh & Parsons.*
Demand for property in the St John’s Wood area has pushed the value of the average home in the area to around £906,000, while cricket fans looking to live on the same road as the Home of Cricket can typically pay a premium of at least 6% for a home with a view of the ground.**
"Cricket fans have been flocking to Lords for the Sri Lanka test – but buyers looking for a property with a view of the ground face a premium. Property near Lords is highly sought after, and we’ve been seeing around 13 buyers register in the area for every home placed on the market."***However, for avid cricket fans, there are shorter-term alternatives close to the ground. Marsh & Parsons has a three-bedroom apartment for rent for £795 per week in Addison House, just a 30 second stroll from Lords. Please see the Marsh & Parsons website here for more details.
Many eyes will also turn to Queen’s Tennis Club this week, and the area has been in strong demand in 2011 from both domestic and international home buyers. A typical 3 bedroom property in Queen’s Club Terrace is currently selling for upwards of £780,000.****
For tennis fans looking to buy property with a prime view of the June tournament, Marsh & Parsons currently has a spacious 2 bedroom mansion flat in Queen’s Club Mansions on the market for £660,000. The flat boasts a balcony overlooking the Tennis club for grandstand views of the summer tournament. Please see the Marsh & Parsons website here for more information.
For a larger family, Marsh & Parsons are also marketing a three bedroom flat in Tennyson Mansions in Queen’s Club Gardens for £559,000 just moments from Queen’s Club. For more information on the property, please visit the Marsh & Parsons website here.
Peter Rollings, CEO of Marsh & Parsons said "Wimbledon may dominate many of the headlines during the summer, but the annual focus on the tournament at Queens always provides excellent publicity for the area, and proximity to Queens Club has a fantastic extra appeal to buyers. But it’s not just tennis fans competing for homes in the area. The area has really been in demand from both international buyers looking for the kudos of a prime postcode - but also from domestic cash buyers in recent months as city workers look to invest their bonuses in West London’s bricks and mortar."
*Based on analysis of Land Registry figures
**Based on analysis of Zoopla data
***Buyer registration figures taken from analysis of data from Marsh & Parsons’ Little Venice branch
****Based on analysis of Zoopla data
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For further information please contact:
The Wriglesworth Consultancy
Dan Pike/ Neil Mackwood
0207 427 1430 or 0207 427 1400
Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 15 offices situated in prime positions across central, west and south London. They have an intimate and extensive knowledge of the area.
Marsh & Parsons are an independent and professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.
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