Average property price along London Marathon route more than £700k

As more than 38,000 professional athletes fun runners are set to take part in the 36th London Marathon on Sunday, the pace of the capital’s property market continues to skyrocket.

HouseSimple.com, the online estate agents, has analysed average property prices at each mile point along the London Marathon route and compared those prices to 12 months ago.

But as average prices overall along the course are up almost £100k in a year, the London property market could rival the speed of the front runners this weekend.

The figures reveal that the average price of a home along the route is £712,416, which is £95,997 (15.6%) more than last year. A buyer with an 80% mortgage, would need to put down a deposit of £142,483, and a first time buyer with a 10% deposit would need more than £70k.

The lowest house prices on the course are located at the third and fourth mile in Woolwich, where average prices are currently £314,446, a substantial 55.9% lower than the route’s average.

At Blackfriars, two miles from the finish, house prices have grown just 4.2% in the past 12 months, suggesting that the property market in this Thames-side spot might be starting to plateau.

However, house prices rise once again at Embankment, where property prices have seen the biggest increase since April 2015, with a rise of 44%.

Alex Gosling, CEO of online estate agents HouseSimple.com, commented: “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 does reveal the vast difference in property prices in the Capital, even along the Marathon route. From Woolwich, where average prices are a little over £300k, to St James, where prices are close to £2.5m; these two areas might be separated by just 23 miles on the course, but they are different worlds where property prices are concerned.”

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