Property prices along the river Thames

There’s something incredibly tranquil about a property with a riverside view – especially in the UK’s biggest cities.

In London, homes with views across the River Thames are in high demand and many command a price premium.

However, depending on location, it’s possible to pay as much as £3million or as little as £280,000 for a Thames-side property.

Here, we’ll explore the length of the river and reveal what you can expect to pay for a riverside view in the capital…

London property market in 2021

The property market in London hasn’t quite followed trends across the rest of the UK since the onset of the Covid-19 pandemic.

While many areas of the country have seen price growth of between 6% and 10% since August 2020, the average property price in London rose by just 1% to £635,585.

Where is the cheapest view of the River Thames?

Property hunters looking for a River Thames view on a budget should look in Thamesmead.

The SE28 area sits just south of the river and has an average property price of £281,851 – more than £350,000 below the London average.

Thamesmead is home to a large number of 20^th century flats and houses that line the river north of Abbey Wood, with Barking in East London on the north bank.

Further south east along the river, Erith in Kent has an average riverside price of £291,280, while Dagenham on the north side of the Thames also boasts an average property price under £300,000.

Where is the most expensive view of the River Thames?

London property prices tend to rise the closer to central London you are and properties alongside the Thames are no different.

The SW1A area of Westminster and Whitehall includes such famous homes as Buckingham Palace and 10 Downing Street.

So, the average price of a home here dwarfs the London-wide average, coming in at £3,088,851 – some £2.5million more.

Properties in upmarket Chelsea, meanwhile, average just over £1.5m, with the views over the river towards Battersea park from Chelsea Embankment particularly sought-after.

Central London riverside property prices

Postcode Area	Areas Covered	Riverside Postcodes	Avg. Property Price
EC3N	Tower Hill, Tower of London	EC3N 4	£621,377
EC3R	Monument, Billingsgate	EC3R 6	£460,000
EC4R	Cannon Street	EC4R 1, EC4R 3, EC4R 9	£495,000
EC4V	Blackfriars	EC4V 3, EC4V 4	£679,463
EC4Y	Temple	EC4Y 0, EC4Y 7, EC4Y 9	£910,000
WC2N	Charing Cross	WC2N 5, WC2N 6	£1,217,370
WC2R	Temple	WC2R 2, WC2R 3	£1,500,000

South London riverside property prices

Postcode Area	Areas Covered	Riverside Postcodes	Avg. Property Price
SE1	London Bridge	SE1 2	£725,030
SE1	Lambeth	SE1 7	£945,478
SE1	Waterloo, Southwark	SE1 8	£668,187
SE1	South Bank, Bank Side	SE1 9	£1,247,346
SE7	Charlton	SE7 7, SE7 8	£485,064
SE8	Deptford	SE8 3	£414,274
SE10	Greenwich	SE10 0, SE10 9	£514,436
SE16	Bermondsey	SE16 4	£534,852
SE16	Rotherhithe	SE16 5, SE16 7	£501,845
SE18	Woolwich	SE18 5, SE18 6	£350,208
SE28	Thamesmead	SE28 0, SE28 8	£281,851

South West London riverside property prices

Postcode Area	Areas Covered	Riverside Postcodes	Avg. Property Price
SW1A	Westminster, Whitehall	SW1A 0, SW1A 2	£3,088,851
SW1P	Millbank	SW1P 3, SW1P 4	£735,682
SW1V	Pimlico	SW1V 3, SW1V 4	£748,182
SW1W	Belgravia, Chelsea	SW1W 8	£1,141,921
SW3	Chelsea	SW3 4, SW3 5	£1,518,668
SW6	Fulham, Parson’s Green	SW6 2, SW6 3, SW6 6	£973,358
SW8	Vauxhall, Nine Elms	SW8 2, SW8 5	£606,532
SW11	Battersea (3, 4, 7, 8)	SW11 3, SW11 4, SW11 7, SW11 8	£791,272
SW13	Barnes	SW13 0, SW13 8, SW13 9	£1,164,745
SW14	Mortlake	SW14 7, SW14 8	£916,134
SW15	Putney	SW15 1, SW15 2	£791,197
SW18	Wandsworth Town	SW18 1	£658,925

West London riverside property prices

Postcode Area	Areas Covered	Riverside Postcodes	Avg. Property Price
W4	Chiswick	W4 2	£957,364
W6	Fulham, Hammersmith	W6 6	£882,744

Outer west London riverside property prices

Postcode Area	Areas Covered	Riverside Postcodes	Avg. Property Price
KT1	Kingston upon Thames, Hampton Wick	KT1 1	£533,046
KT2	Kingston upon Thames, Canbury, Coombe	KT2 5	£678,761
KT6	Surbiton	KT6 4	£564,797
KT8	East Molesey	KT8 9	£783,128
TW1	Twickenham, St Margarets	TW1 1	£744,317
TW7	Isleworth	TW7 6	£472,113
TW8	Brentford, Kew Bridge	TW8 0	£445,301
TW9	Richmond, Kew	TW9 1	£804,002
TW10	Richmond, Petersham	TW10 6	£890,131
TW11	Teddington	TW11 8	£718,067

East London riverside property prices

Postcode Area	Areas Covered	Riverside Postcodes	Avg. Property Price
E1W	Wapping	E1W 1, E1W 2, E1W 3	£615,695
E6	East Ham, Beckton	E6 7	£375,465
E14	Poplar, Isle of Dogs	E14 0	£529,898
E16	Canning Town, North Woolwich, Royal Docks	E16 1	£413,584

Outer east London riverside property prices

Postcode Area	Areas Covered	Riverside Postcodes	Avg. Property Price
DA8	Erith	DA8 1	£291,280
DA17	Belvedere	DA17 6	£310,515
IG11	Barking Riverside	IG11 0	£300,631
RM9	Dagenham	RM9 6	£295,450
RM13	Rainham	RM13 8	£355,194

Should I buy a property on the River Thames?

A riverside view in London is a precious commodity in a city as bustling as the capital.

But as our analysis shows, it is possible to find a Thames-side property in London without the high prices the city has become known for.

In fact, our research found 24 London areas with property prices below the city’s average and a whole host just above it – including some in prime central London.

So, if a London riverside property is on your wishlist, now could be the time to start your search…

Methodology

Martin & Co looked at the average price of properties on the River Thames by London postcode, using data from Dataloft Inform, which uses Land Registry data. The data was extracted 25/08/2021.

To determine which postcodes to include, we first pulled the price data for wider postcode districts bordering the Thames (e.g. SW3), and then broke this down into the areas of that postcode that are directly on the river (e.g. SW3 4, SW3 5). An average price was then taken of those smaller riverside areas to determine the average cost to buy a riverside property in that postcode.

* The only exception to grouping postcodes together was SE1, as this covers such a large number of riverside locations which vary in price greatly, so these areas were looked at individually.

** Some areas (such as EC3N, EC3R, EC4R) didn't have enough sales data from the past 12 months to give an accurate average sales price, in which case we expanded the target area beyond the riverside.