Liquid error: wrong number of arguments (2 for 1) 14% rise in prime London one-bed prices | Marsh & Parsons Sales and Lettings Estate Agents London

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14% rise in prime London one-bed prices

Thu 07 Nov 2013

The average value of one-bedroom properties in Prime London has risen by over 60,000 in a year, following a

14% annual growth, according to new research from estate agent Marsh & Parsons.

The average value of a one-bedroom property in Prime London is now 502,139. In Prime Central London,

covering the areas of Chelsea, Kensington, Notting Hill, Holland Park and Pimlico, the average price of a

one-bed has risen to 583,036.

Demand for one-bedroom properties is high among first-time buyers, spurred on by low interest rates and Help to

Buy. One-bedroom properties also generate very high rental yields, so make popular purchases for buy-to-let

investors.

Prime London property overall has risen by 1.6% in the past quarter, and by 10.3% in the past

year.

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