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Richmond House Prices

The average house price in Richmond is £972,008 using HM Land Registry data.

The average property price increased by £126,242 (13.03%) over the last 5 years and increased by £25,238 (2.36%) over the last 12 months.

Over the last year, there were 423 residential property sales – a decrease of 137 transactions (-32.39%) relative to the previous year. The majority of house sales (145) were in the £400,000 - £766,000 range. Then came properties in the £766,000 - £1,132,000 range, where 113 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 135 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-65,655 (-4%).

In Oct 24, there were 80 new estate agency instructions, 77 agreed home sales and 68 property price reductions.

5-Year Average Property Prices in Richmond

13.03%

Property prices in Richmond increased by 13.03% 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

2.36%

Property prices in Richmond increased by 2.36% 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.

Property Market Heat Gauge for Richmond - Oct 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

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
2 Spring Mews, Richmond, Greater London, TW9 2PY	£750,000	£697,500	-£52,500	18 Apr 2024	14 Aug 2024	118 Days
5 Ashley Road, Richmond, Greater London, TW9 2TG	£875,000	£850,000	-£25,000	23 May 2024	08 Aug 2024	77 Days
36a, Rosedale Road, Richmond, Greater London, TW9 2SX	£699,950	£675,000	-£24,950	16 Apr 2024	07 Aug 2024	113 Days
195 Sheen Court, Richmond, Greater London, TW10 5DH	£439,950	£430,000	-£9,950	16 May 2024	02 Aug 2024	78 Days
45 Albert Road, Richmond, Greater London, TW10 6DJ	£842,500	£842,500	£00	29 Feb 2024	19 Jul 2024	141 Days
79 Princes Road, Richmond, Greater London, TW10 6DQ	£775,000	£760,000	-£15,000	22 Mar 2024	05 Jul 2024	105 Days
9 Isabella Place, Kingston Upon Thames, Greater London, KT2 5PB	£325,000	£305,000	-£20,000	11 Dec 2023	03 Jun 2024	175 Days
8 Clarence Street, Richmond, Greater London, TW9 2SA	£400,000	£387,000	-£13,000	05 Jul 2023	31 May 2024	331 Days
12 Rosedale Road, Richmond, Greater London, TW9 2SX	£859,000	£840,000	-£19,000	26 Jan 2024	31 May 2024	126 Days
18 Warren Avenue, Richmond, Greater London, TW10 5DZ	£1,175,000	£1,075,000	-£100,000	06 Oct 2023	09 May 2024	216 Days
61 Buckingham Road, Richmond, Greater London, TW10 7EH	£699,950	£699,950	£00	15 Feb 2024	08 May 2024	83 Days
44 St Marys Grove, Richmond, Greater London, TW9 1UY	£1,075,000	£1,075,000	£00	22 Jan 2024	19 Apr 2024	88 Days
22 Northweald Lane, Kingston Upon Thames, Greater London, KT2 5GW	£1,295,000	£1,295,000	£00	29 Dec 2023	16 Apr 2024	109 Days
158 Sheen Court, Richmond, Greater London, TW10 5DQ	£600,000	£600,000	£00	19 Sep 2023	15 Apr 2024	209 Days
29 Latchmere Lane, Kingston Upon Thames, Greater London, KT2 5SQ	£625,000	£600,000	-£25,000	08 Feb 2018	10 Apr 2024	2253 Days
10 Cranleigh Gardens, Kingston Upon Thames, Greater London, KT2 5TX	£925,000	£900,000	-£25,000	06 Oct 2023	10 Apr 2024	187 Days
2a, Bardolph Road, Richmond, Greater London, TW9 2AE	£625,000	£585,000	-£40,000	18 Jan 2011	04 Apr 2024	4825 Days
39 Floyer Close, Richmond, Greater London, TW10 6HS	£435,000	£425,000	-£10,000	20 Oct 2023	03 Apr 2024	166 Days
13 Lock Road, Richmond, Greater London, TW10 7LQ	£1,000,000	£985,000	-£15,000	30 Jan 2024	27 Mar 2024	57 Days
254 Ashburnham Road, Richmond, Greater London, TW10 7SA	£680,000	£680,000	£00	06 Oct 2023	22 Mar 2024	168 Days

Most Expensive Streets in Richmond

Postcode	Street	Area	Average	No. of Sales
TW10 7AT	Sudbrook Lane	Richmond	£5,449,966	6
TW10 6HQ	Marchmont Road	Richmond	£4,346,250	4
TW10 6EN	Denbigh Gardens	Richmond	£4,125,000	3
TW10 5BN	Sheen Common Drive	Richmond	£3,499,200	5
TW10 6NE	Friars Stile Road	Richmond	£3,230,250	4
TW10 6TS	Northumberland Place	Richmond	£2,990,000	3
TW10 5BW	Sheen Common Drive	Richmond	£2,921,666	3
TW10 6PQ	Mount Ararat Road	Richmond	£2,856,250	4
TW10 5BX	Orchard Rise	Richmond	£2,833,333	6
TW10 7AE	Cedar Heights	Richmond	£2,643,750	4

Least Expensive Streets in Richmond

Postcode	Street	Area	Average	No. of Sales
TW9 4NH	Parison Close	Richmond	£231,916	3
TW9 2PQ	Kew Road	Richmond	£273,600	5
TW10 6SB	Glovers Lodge	Lewis Road	£288,333	3
TW9 2JX	Sovereign Court	Victoria Villas	£291,666	3
TW9 4NG	Lower Richmond Road	Richmond	£292,797	9
TW9 1XW	Adelaide Road	Richmond	£330,482	6
TW9 1AY	Lichfield Court	Sheen Road	£353,192	13
TW9 4NR	Garden Road	Richmond	£369,099	15
KT2 5LY	Park Road	Kingston Upon Thames	£375,000	3
TW10 7YQ	Beaufort Court	Beaufort Road	£380,000	4