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Richmond House Prices Richmond House Prices

The average house price in Richmond is £903,738 using HM Land Registry data.

The average property price increased by £139,965 (14.57%) over the last 5 years and increased by £28,044 (2.61%) over the last 12 months.

Over the last year, there were 374 residential property sales – a decrease of 126 transactions (-33.69%) relative to the previous year. The majority of house sales (99) were in the £390,000 - £628,000 range. Then came properties in the £628,000 - £866,000 range, where 90 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 171 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-55,677 (-4%).

In Dec 24, there were 53 new estate agency instructions, 43 agreed home sales and 12 property price reductions.

Neighbouring Areas: Barnes, East Sheen, Kew, Kingston Upon Thames, New Malden, Hampton

Postcodes Covered: KT2, SW14, TW10, TW11, TW9

5-Year Average Property Prices in Richmond

14.57%

Property prices in Richmond increased by 14.57% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Richmond Over the Last Year

2.61%

Property prices in Richmond increased by 2.61% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Richmond - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Richmond

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Richmond

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Richmond

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Richmond since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Richmond area since 1995.

Recent Property Sales in Richmond

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 26, Cranmer Court, Richmond Road, Kingston Upon Thames, Greater London, KT2 5PY£280,000£270,000-£10,00009 Aug 202408 Nov 202491 Days
6 Catherine Drive, Richmond, Greater London, TW9 2BX£850,000£840,000-£10,00005 Sep 202408 Nov 202464 Days
12 Tersha Street, Richmond, Greater London, TW9 2LY£450,000£415,000-£35,00030 Apr 202429 Oct 2024182 Days
85 Cardinal Avenue, Kingston Upon Thames, Greater London, KT2 5RZ£799,950£774,000-£25,95007 May 202425 Oct 2024171 Days
4 Dunstable Road, Richmond, Greater London, TW9 1UH£965,000£965,000£0029 Apr 202425 Oct 2024179 Days
45 Mariner Gardens, Richmond, Greater London, TW10 7UU£450,000£430,000-£20,00010 May 202422 Oct 2024165 Days
47 Sheen Court, Richmond, Greater London, TW10 5DG£450,000£430,000-£20,00018 Jul 202421 Oct 202495 Days
18 Cranleigh Gardens, Kingston Upon Thames, Greater London, KT2 5TX£1,250,000£1,210,000-£40,00005 Jun 202411 Oct 2024128 Days
162c, Sheen Road, Richmond, Greater London, TW9 1UU£875,000£735,000-£140,00024 Sep 202411 Oct 202417 Days
166 Sheen Court, Richmond, Greater London, TW10 5DQ£500,000£490,000-£10,00020 Apr 202410 Oct 2024173 Days
2 Old Deer Park Gardens, Richmond, Greater London, TW9 2TL£1,950,000£1,835,000-£115,00012 Jul 202303 Oct 2024449 Days
46 The Vineyard, Richmond, Greater London, TW10 6AZ£2,250,000£2,100,000-£150,00018 Jul 202411 Sep 202455 Days
1 St Marys Mews, Richmond, Greater London, TW10 7HS£850,000£825,000-£25,00002 May 202409 Sep 2024130 Days
390 Upper Richmond Road West, East Sheen, London, Greater London, SW14 7JU£1,495,000£1,430,000-£65,00017 Apr 202406 Sep 2024142 Days
80b - 80d, Mount Ararat Road, Richmond, Greater London, TW10 6PN£780,000£745,000-£35,00015 Aug 202230 Aug 2024746 Days
35 Berwyn Road, Richmond, Greater London, TW10 5BU£2,650,000£2,400,000-£250,00019 Jun 202429 Aug 202471 Days
2 Spring Mews, Richmond, Greater London, TW9 2PY£750,000£697,500-£52,50018 Apr 202414 Aug 2024118 Days
5 Ashley Road, Richmond, Greater London, TW9 2TG£875,000£850,000-£25,00023 May 202408 Aug 202477 Days
36a, Rosedale Road, Richmond, Greater London, TW9 2SX£699,950£675,000-£24,95016 Apr 202407 Aug 2024113 Days
195 Sheen Court, Richmond, Greater London, TW10 5DH£439,950£430,000-£9,95016 May 202402 Aug 202478 Days

Most Expensive Streets in Richmond

PostcodeStreetAreaAverageNo. of Sales
TW10 7ATSudbrook LaneRichmond£5,449,9666
TW10 6HQMarchmont RoadRichmond£4,346,2504
TW10 6ENDenbigh GardensRichmond£4,125,0003
TW10 5BNSheen Common DriveRichmond£3,499,2005
TW10 6NSPark RoadRichmond£3,256,6663
TW10 6NEFriars Stile RoadRichmond£3,230,2504
TW10 5BWSheen Common DriveRichmond£2,921,6663
TW10 6PQMount Ararat RoadRichmond£2,856,2504
TW10 5BXOrchard RiseRichmond£2,833,3336
TW10 6AZThe VineyardRichmond£2,830,0003

Least Expensive Streets in Richmond

PostcodeStreetAreaAverageNo. of Sales
TW9 4NHParison CloseRichmond£231,9163
TW9 2PQKew RoadRichmond£273,6005
TW10 6SBGlovers LodgeLewis Road£288,3333
TW9 2JXSovereign CourtVictoria Villas£291,6663
TW9 4NGLower Richmond RoadRichmond£297,5228
TW9 1XWAdelaide RoadRichmond£330,4826
TW9 1AYLichfield CourtSheen Road£359,29112
TW9 4NRGarden RoadRichmond£373,32317
KT2 5LYPark RoadKingston Upon Thames£375,0003
TW10 7YQBeaufort CourtBeaufort Road£380,0004

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