You are here: Home -

Property prices along the London Marathon route have hit the wall

Written by:
Property prices along the London Marathon route have hit the wall

Average property prices along the London Marathon route have hit the wall, according to, rising just 2.6% over the past 12 months – less than half the UK average.

But the online estate agent noted that the average price along the 26.2 mile route is still almost three-quarters-of-a-million pounds (£732,110). That’s three-and-a-half times the UK average house price.

A buyer with an 80% mortgage would need to put down a deposit of £146,422, and a first-time buyer would need more than £70,000 if they put down a 10% deposit.

Ups and downs

The two most expensive areas have actually seen significant price drops over the past year. In Embankment (£1,658,887) and St James’s Park (£2,434,099), prices have fallen 1.2% and 1.8% respectively since last year’s race. Prices in Canada Water have also dropped by 0.4%. While average prices in Woolwich – currently £340,516 and the lowest along the course – have enjoyed the biggest rise, up 8.3% since April 2016.

Alex Gosling, CEO of said: “As thousands of runners take to the streets of London this Sunday, many first-time buyers probably feel right now it would be easier to run a marathon than trying to get on the property ladder.

“Although, with prices crawling up over the past year, there’s a small ray of hope for anyone hoping to buy in the capital.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Speak to an adviser

Could you benefit from impartial, free advice?

Your Mortgage Guides

Guide to Offset Mortgages

Download our handy guide to offset mortgages, brought to you in partnership with Scottish Widows Bank

Read More >

Is your mortgage fully protected with critical illness?

For a free quote or to speak with an insurance expert call 0800 1218744
Read previous post:
mortgage rates
Lowest-ever mortgage rate launched by Yorkshire Building Society

Mortgage rates have hit an all-time low this week with a stonking new deal launched by Yorkshire Building Society. The...