How house prices along the London marathon route have risen £100K in a year
04-24-2016
• Values typically increased by £95,997 over past year along the route of the London marathon
• The average price of a property on the course now stands at £712,416
• As many as 40,000 runners are expected to take part in the London marathon this Sunday
By Myra Butterworth For MailOnline
Average house prices along the London marathon route have continued to sprint towards the six figure line in the year since the last race.
They have increased by £95,997 on average, bringing the typical value of a home along the route to £712,416. The average cost of a property on the race route ranges from just under £315,000 in Woolwich to £2.5million in St James's.
The findings are revealed as more than tens of thousands of runners prepare to run the 26.2 miles along the route this Sunday.
House prices have risen by an average of £95,997 along the course of the London marathon
The average price of a home in London's Woolwich has climbed 7.7 per cent during the past 12 months, but it is still the cheapest race route place to live.
The research compared house prices at each mile point along the London marathon route with a year ago.
It found the highest average prices at St James's, which is at mile 26 of the London marathon. They were up 22.2 per cent at almost £2.5million, according to the analysis by estate agents HouseSimple.com.
The lowest house prices anywhere along the course are at miles three and four in Woolwich, where typical values stood at £314,446, having risen 7.7 per cent during the past year.
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Some runners complain of hitting the wall towards the end of the marathon as their bodies become overwhelmed with exhaustion and depleted of energy reserves.
“ Many first-time buyers probably feel that it would be easier to run a marathon than it is trying to get onto the property ladder”
The research suggested house prices along some of the London marathon may be moving towards suffering from a similar fate.
Two miles before the finish line at Blackfriars, house prices have risen only 4.2 per cent in the past year.
However, prices recover by Embankment, where property prices have seen the biggest increase since April 2015, with a rise of 44 per cent. Albeit, this area is unlikely to have seen many property sales and so could be skewed by the few that took place.
Alex Gosling, HouseSimple's chief executive, said: 'As thousands of runners pound the streets of London this Sunday, many first-time buyers probably feel right now that it would be easier to run a marathon than it is trying to get onto the property ladder.
'This research reveals the vast difference in property prices in the capital, even along the marathon route.
'From Woolwich, where average prices are a little over £300,000, to St James, where prices are close to £2.5million; these two areas might be separated by just 23 miles on the course, but they are different worlds where property prices are concerned.'
As many as 40,000 runners are expected to take part in the London marathon, which takes place this Sunday
| Miles | Route stop | Average house prices April 2016 | Average house prices April 2015 | Annual price growth % |
|---|---|---|---|---|
| 1 | Blackheath | £649,880 | £595,631 | 9.10% |
| 2 | Charlton | £415,014 | £382,108 | 8.60% |
| 3 & 4 | Woolwich | £314,446 | £292,015 | 7.70% |
| 5 | Deptford | £388,686 | £357,818 | 8.60% |
| 6 | Greenwich | £562,729 | £521,132 | 8.00% |
| 7&8 | Deptford | £388,686 | £357,818 | 8.60% |
| 9 & 10 | Rotherhithe | £545,316 | £512,901 | 6.30% |
| 11 | Canada Water | £473,375 | £438,352 | 8.00% |
| 12 | Bermondsey | £542,663 | £486,410 | 11.60% |
| 13 | Whitechapel | £704,760 | £636,179 | 10.80% |
| 14 | Limehouse | £579,386 | £526,758 | 10.00% |
| 15 | Canary Wharf | £559,793 | £503,280 | 11.20% |
| 16 & 17 | Isle of Dogs | £521,196 | £468,266 | 11.30% |
| 18 | Canary Wharf | £559,793 | £503,280 | 11.20% |
| 19 & 20 | Poplar | £516,153 | £476,815 | 8.30% |
| 21 | Limehouse | £579,386 | £526,758 | 10.00% |
| 22 | Shadwell | £686,967 | £625,815 | 9.80% |
| 23 | Monument | £934,115 | £697,749 | 33.90% |
| 24 | Blackfriars | £881,423 | £845,804 | 4.20% |
| 25 | Embankment | £1,678,925 | £1,162,279 | 44.50% |
| 26 | St James's | £2,478,034 | £2,027,626 | 22.20% |
| Average | £712,416 | £616,419 | 15.60% | |
| Source: HouseSimple.com | ||||