_Sprint to a trophy property investment on landmark-heavy, 26-mile London Marathon route
London’s recovery from the impact of the pandemic and subsequent lockdowns has been a marathon rather than a sprint.
However, ahead of the first full London Marathon since 2019 this weekend (3 October) the capital is performing well, as cities come back into fashion.
New prospective buyers in London were up 24% and offers accepted up 34% in August versus the five-year average, underlining the strong demand for homes that has been generated by the reopening of the city in recent months for business and leisure.
Our analysis of average sale prices within half a mile of each marker on the 26-mile marathon route, which excludes new build homes, shows how much pricing variation exists within the footprint of the world-famous race, despite a period of more modest price growth since the pandemic relative to other parts of the UK.
One area – the well-established St James’s has an average sale price of more than £1m - and Embankment in London’s West End and St Paul’s in the City of London both exceed £900,000. At the same time, ten neighbourhoods, including Charlton and Woolwich in south-east London, are below the average London house price.
According to Land Registry, the average house price in London during May was £497,948.
“As the eyes of the world turn to London for the marathon this weekend, city locations are back in focus with buyers looking to enjoy the convenience, amenities and food, drink and entertainment they offer,” said Chris Druce, senior analyst at Knight Frank.
Need some inspiration or after front row seats? We bring our latest data to life through a selection of properties on or near the London Marathon running route currently available through Knight Frank.
1-bedroom flat in St James's
Guide price: £1,375,000
A spacious one bedroom apartment in one of the best blocks in St James's.
2-bedroom loft-style Aldgate apartment
Guide price: £640,000
683 sq ft apartment which is located on the second floor of one of the Aldgate’s finest warehouse conversions. The apartment measures in excess of 683sqft and incorporates two large double bedrooms with wall to wall built in wardrobes, a bathroom and large open plan living space.
2-bedroom period home near Bermondsey
Guide price: £900,000
Situated in a quiet side street yet close to the delights of Bermondsey Street is this beautifully presented, contemporary Victorian home measuring approximately 82.29 sq m
1-bedroom apartment near St Katherine Docks
Asking Price: £550,000
A large one bedroom apartment, approx. 650 sq ft, offering a bright South-West aspect and balcony, within this popular West Wapping development, close to St Katharine Docks and Tower Hill stations.
2-bedroom flat - London Square Greenwich
Asking Price: £655,000
London Square Greenwich is a bespoke collection of apartments superbly located and surrounded by history.
The striking new building is designed to reflect the local architecture, including the grade 2 listed former Greenwich town hall.
Residents will enjoy an exceptional lifestyle amid the heritage, culture, and convivial atmosphere in the heart of this truly unique and popular London village.
New homes at Royal Wharf - Woolwich
Prices from: £360,000
Royal Wharf, jointly launched by developers Ballymore and Oxley, is located in Newham, one of the key areas of East London's revitalization, just 14 minutes from Canary Wharf.The 500-meter-long riverside promenade, with its beautiful scenery on both sides of the Thames, surrounded by courtyards, provides a peaceful and peaceful space for residents.
The community is tree-lined with a riverside promenade and a garden plaza, including a traditional marketplace, Sovereign Place, and a Marylebone-style shopping street for leisure.
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