Posts with tag: London marathon

The London Marathon House Price Map for 2017

Published On: April 21, 2017 at 8:10 am

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Ahead of this Sunday’s London Marathon, online estate agent eMoov.co.uk has updated its London Marathon Property Price Map for 2017.

The map looks at the difference in average house prices across some of the 26-mile markers in this weekend’s London Marathon.

Across the 16 locations, the average house price is £695,255 – up significantly from last year’s £530,368.

The cheapest option for property buyers this year is at mile four in Woolwich, at an average of £328,866. The most expensive, unsurprisingly, is the final mile market at St James’s Park, with an average house price of £1.6m.

If you’re not too keen on running this Sunday’s race, you can instead take a look through the London Marathon Property Price Map for 2017:

The London Marathon House Price Map for 2017

The London Marathon House Price Map for 2017

The race starts in Blackheath, where the average house price is £559,107. It then drops to £450,958 in Charlton, before dropping further to £328,866 in Woolwich. At mile seven, in Greenwich, the average property value rises to £544,899, but falls to £418,949 in Deptford.

It stays just below £500,000 in Rotherhithe and Bermondsey (£496,099 and £497,560 respectively), before soaring to £842,687 in Wapping, at mile 13. However, prices come down to £506,343 in the Isle of Dogs, £526,781 in Canary Wharf, £528,694 in Limehouse and £418,475 in Shadwell.

Towards the end of the route, prices really start to pick up. At Monument, mile 23, average prices are a hefty £949,720. In the City of London, however, they drop to £844,356, before soaring to £1,546,448 in Embankment, at the end of the course.

The Founder and CEO of eMoov, Russell Quirk, says: “The London Marathon is a celebration of London itself and, with the route spanning far and wide across the capital, runners will take in the very best of what the city has to offer. This includes the type of property on the market, and our research shows how the price of London homeownership varies across the route, as well as where aspiring buyers can still find a bargain that offers a good view of Sunday’s race.”

The Cost of an Average Property for Each Mile of the London Marathon

Published On: April 21, 2016 at 9:30 am

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Buying the average property in London would cost you £20,243 for each mile of the London marathon, according to online estate agent eMoov.

On Sunday, around 38,000 people will take to the streets of the capital for the 26.2-mile race. And while the runners may be able to enjoy London’s iconic landmarks along the way, many will have no hope of ever getting onto the property ladder in the capital.

Based on the average London house price of £530,368, a buyer would have to raise £20,243 for every mile of the London marathon to get into the housing market. Failing that, each of the 38,000 participants could contribute £14 each to jointly own one London home.

eMoov has calculated the average property price per mile to work out how much it will cost a buyer for each mile they run. The race starts in Greenwich…

Greenwich 

The Cost of an Average Property for Each Mile of the London Marathon

The Cost of an Average Property for Each Mile of the London Marathon

Around the leafy start line of Greenwich Park, the price per mile has come down slightly from the London average, at £19,969 for the typical property, which costs £523,208.

Woolwich

Through the two to four mile mark, Woolwich will offer runners the cheapest price per mile of the whole route. At £290,915, the average home here will cost £11,103 per mile of the marathon.

Rotherhithe

As the runners push to the ten-mile mark, the property price per mile shoots up again to £19,401, as the average house price in Rotherhithe is £508,321.

Bermondsey

As the racers prepare to cross the Thames, the last area south of the river they pass through is Bermondsey. With an average house price of £546,974, a property here will cost £20,876 per mile.

Canary Wharf and the Isle of Dogs

North of the river, property isn’t any cheaper. In Canary Wharf, a typical property will cost a buyer £19,367 per mile. It does drop slightly in the Isle of Dogs, where buyers will face a price of £18,469 per mile at the 16-mile mark.

Monument

As the runners head into prime central London, the property price per mile picks up to £35,653, as the average house price in Monument is a huge £934,115.

St James’s Park

However, nowhere on the route costs more per mile than near the finish line at St James’s Park. A home here is a whopping £2,478,034, costing a runner almost £100,000 (£94,581) for each mile ran.

The CEO and founder of eMoov, Russell Quirk, comments on the findings: “Although the real obstacle of the day is the gruelling 26.2-mile slog across the capital, these figures paint a really clear picture of just how unobtainable a London property is for the majority of us.

“To think that for every mile of the route, each runner would need to raise close to the average UK salary just to get on the London ladder is a little sickening. I for one am glad the money raised is going to worthy causes and not to further fuelling the London property bubble.”