London Marathon Route Property Values Revealed
London Marathon Property Prices - Almost £1m difference between the start and finish lines
The latest property market analysis from London's number one lettings and sales estate agency brand, Foxtons, has revealed that there's a difference of almost £1m in the average sold price from the starting point of the London Marathon and the finish line.
As London's largest estate agent, Foxtons holds an unrivalled view of the London market and just where the capital's homebuyers are most active.
The 45th London Marathon is set to take place on Sunday 27th April with over 56,000 runners expected to take to the streets of the capital to take on the 26.2 mile long course.
Ahead of the race, Foxtons has analysed sold price records from the Land Registry, looking at property values across the predominant postcodes for each of the 26 mile markers, as well as the start and finish line.*
Starting Line Average House Price - £533,500
The research shows that as the runners take to the starting line, the route will take them through 15 different London postcodes, with the average of a home differing drastically from one mile marker to the next.
Blackheath's SE3 postcode is home to the start line, as well as the first mile marker and, over the last year, the average home in this postcode has sold for £533,500 on average.
Most affordable mile markers for London homebuyers
However, those in search of the most affordable marathon vantage point will need to clock a few more miles, as it's the SE18 postcode of Woolwich at mile marker three that boasts the most affordable property prices on the route.
Over the last year, the average price of properties sold across the SE18 postcode comes in at just £428,500.
The SE8 postcode, home to mile markers 7 in Greenwich and 8 in Deptford, is home to the second most affordable house price on the route, averaging £445,644 over the last year.
However, if you'd prefer to purchase towards the end of the marathon, it's mile marker 22 in Shadwell's E1 postcode that could make the best option, where property prices have averaged £466,500 over the last year - the third most affordable on the entire route.
Finish line home to highest average house price
But those with ambitions of buying on the finish line itself will need a far bigger budget, as the SW1A postcode of the Mall and the London Marathon finish line is home to the highest average house price on the route.
Over the last year, the average home across the SW1A postcode has sold for £1.5m, almost £1m more than the average cost of purchasing close to the starting line.
Chief Sales Officer at Foxtons, Jean Jameson, commented:
"The London Marathon is a reminder of everything that is great about London, as people from all walks of life, backgrounds, religions and races come together in one momentous effort to raise money for charity and to support their friends and family.
The course itself is also a great demonstration of what London has to offer, from the leafy suburbs of Blackheath, to the rugged charm of Woolwich and Shadwell, the modern splendour of Canary Wharf and the historic charm of Tower Hill and the Mall.
In just 26.2 miles, the participants will pass through no less than 15 different London postcodes and these postcodes really demonstrate the diversity of the London property market, from the more affordable areas to the East and the prime heartlands of the finish line.
And for those keen on purchasing a property along the route itself, there are plenty more affordable options than the £1.5m average price for the SW1A finish line postcode."
