The average property value in Richmond upon Thames is £908,677 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Richmond upon Thames grew by £79,572. Compare house prices by area
Average property prices in Richmond upon Thames grew by 9.6% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.0% per year.
If prices in Richmond upon Thames continue to rise by 5.0% a year, the average property price will be £1,105,613 in 2025.
There were 3,044 property sales in Richmond upon Thames in the year ending June 2021, an increase of 747 when compared to the previous year.
The average price for a house in Richmond upon Thames ranges from £919,253 for a terraced house to £1,970,417 for a detached house, with semi-detached in between costing on average £1,146,667.
The average price for a flat or maisonette in Richmond upon Thames is £507,418.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Richmond upon Thames, detached house prices have risen the most between the years ending 2011 and 2021, and semi-detached house prices have grown the least.
Detached house prices have risen 65.9% from £1,187,535 to £1,970,417, semi-detached house prices have risen 53.1% from £748,975 to £1,146,667, terraced house prices have risen 61.0% from £570,966 to £919,253, and flat prices have risen 54.5% from £328,511 to £507,418.
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The most common type of property sold in Richmond upon Thames during the year ending June 2021 was terraced houses, which accounted for 39.2% of properties.
The least commonly available type of property sold in Richmond upon Thames were detached houses, which account for 7.2% of properties sold.
Of the properties sold in Richmond upon Thames during 2021, 0.3% were new build properties.
The average price paid for a new build property in Richmond upon Thames was £25,422 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (83% of new build properties sold). For existing properties, the most common type is terraced houses (39% of existing properties sold).
The most common price band for property sales in Richmond upon Thames is £600k - £800k, which accounted for 12.8% of properties sold in 2021.
19.7% of properties in Richmond upon Thames had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Richmond upon Thames were in the £100k - £150k price bracket, accounting for 0.0% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics