House prices on the route of the London Marathon, which takes place on Sunday, have gone up by just 2.01% on average since last year, reflecting the lack of growth in prime areas of the capital.
The study by eMoov, using data from listings on property portals Zoopla and Rightmove, puts the average price of a property along the London Marathon route at £695,225.
While eMoov has used fresh data and has varied the locations along the route slightly, similar research last year found that, on average, homes along the 26-mile route went up 15.6% between 2015 and 2016.
Across the 16 locations, buyers will find the most affordable homes four miles along the route at Woolwich in south-east London (£328,866). Shadwell (£418,475) and Deptford (£418.949) are next on the route when it comes to properties at the lower end of the London Marathon’s property price spectrum.
Unsurprisingly, when it comes to paying top prices in the capital, houses in the final mile of the London Marathon route at St James’s Park typically hit £1.6 million, though prices have dropped by 0.7% over the year. A close second is Embankment, where prices have shot up by 5.5% over the year to £1,546,448. This is followed by Monument, where house prices are typically £949,720 and have risen by 4.32% over the year.
Russell Quirk, chief executive of eMoov.co.uk, 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.”
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