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Press release: Park views can add almost 10% to the value of a home

Wed 01 Jul 2015

As Londoners flock to their local parks to take advantage of the Mediterranean mini-heatwave, research by Marsh & Parsons has revealed that properties overlooking one of the capitals green lungs can attract a sizeable premium.

With private garden space often limited in the city, homeowners often seek refuge in one of Londons many parks. The premium of having a direct view over green space can be almost 10% in some cases as with the Pimlico example listed below but is more often a single-digit difference.

Area

Street

Propety type

Close / on a park

Price ()

% Price difference

Nearby park

Pimlico

Warwick Square, SW1V

One-bedroom apartment

Park view

925,000

9%

Warwick Square

Matthew Parker Street, SW1H

One-bedroom apartment

Near a park

850,000

East Sheen

Hertford Avenue, SW14

Four-bedroom house

Park view

1,625,000

8%

Richmond Park

Richmond Park Road, SW14

Four-bedroom house

Near a park

1,500,000

Battersea

Primrose Mansions, SW11

One-bedroom apartment

Park view

410,000

6%

Battersea Park

Battersea Bridge Road, SW11

One-bedroom apartment

Near a park

385,000

Peter Rollings, Chief Executive Officer of Marsh & Parsons, said: Londons parks, commons and green spaces are a huge asset for anyone living in close proximity to them and even more so if a property has a direct view. Its at times like this with temperatures soaring that easy access to parks is a real bonus, but being so close to green space is a huge asset throughout the year especially for families with young children. Properties overlooking a park or common will usually attract a noticeable premium particularly in the case of direct views over Londons Royal Parks such as Regents Park and Kensington Gardens but also some of the citys prestigious private gardens as the Pimlico example highlights.

Properties currently for sale in London overlooking parks:

One-bedroom flat, Warwick Square, Pimlico, SW1V, 925,000

Flat/apartment, Primrose Mansions, Prince of Wales Drive, Battersea, SW11, 410,000

property-for-sale-primrose-mansions-prince-of-wales-drive-london-sw11-700x469-1433842415-BAT150061 07

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