Press Release: Forget the Boat Race, River View is Main Event for Buyers
Mon 21 Mar 2011
The Boat Race will attract millions of viewers from all over the world, with riverside homes a hot location for race-goers. However, properties with river views have been in growing demand all-year round from international investors according to Marsh & Parsons.
While the average three bedroom property in Barnes Village will cost 860k, properties on the river typically command a premium of over 20%. For instance, a three bedroom property on the Terrace, which runs alongside the Thames, has just hit the market for 1.05m. The home boasts a roof terrace overlooking the Thames for those looking to watch proceedings from the comfort of their own home:
Amongst the most expensive locations along the riverfront are Upper Mall (W6), where the average home is worth in excess of 1.7 million, and Embankment (SW15), overlooking the starting point of the race at Putney Bridge (where the value of a typical property is close to 1.5million).
There are more affordable alternatives. Marsh & Parsons has a three-bedroom apartment for sale on Rainville Road in Hammersmith (W6), which directly overlooks the Thames on the market at 795,000:
A three-bedroom apartment in Riverview Gardens in Barnes with stunning views of the river has just sold for 749,950:
Peter Rollings, CEO of Marsh & Parsons said: "The enduring appeal of old father Thames adds over 20% in value to any property that overlooks it. The Boat Race provides a great marketing tool, and a lot of kudos, but it is the river itself that commands a premium on property prices. The Race happens to be a great excuse to show off grandstand seats to friends! While its an added bonus to be able to witness proceedings from the comfort of a balcony or living room, it is riverfront views that are appealing to home grown and international buyers alike all year round."
For those drawn to renting a home with a prime view of the Boat Race, one ideally placed option might be a three bedroom property in Hammersmith. The apartment offers panoramic views of the Thames for 650 per week:
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.