RIVERSIDE

The London riverside market continues to attract interest and buyers from all around the globe. A surge of new development in recent years along the river has provided a huge range of choice, along with an ever-increasing standard of finish. Along with these new developments, some established pockets along the river now present better value than ever and we are seeing a greater demand from a wider range of buyer profiles than ever before. Areas like South Bank, Brentford and Woolwich are re-defining their riverside surroundings with incredible new homes, a high standard of amenities and a rejuvenated community feel. Among others, it is these areas that will ensure London Riverside remains highly sought after for a new generations of buyers. Never has it been more accurate to say there is something for everyone along the river. Keir Waddell Associate, Head of London Riverside

UK riverside at a glance

The lifestyle a property by the water's edge affords may be the ideal that sparks your next property journey, but it's the stats that will convince you; on average, a riverside property can achieve premiums that make it a serious investment in your future.

19%

The potential premium that can be achieved for a riverside property in the UK, in comparison to a similar property inland.

69%

The average premium for a property overlooking an estuary – in comparison to a similar property inland.

13,000

The number of houses in Knight Frank's riverside area (Fulham to Southwark). This comprises 0.4% of London's housing stock.

According to the Knight Frank Prime Waterfront Index, compiled by valuations from Knight Frank’s experts across the country, the uplift in premium a waterfront property can achieve is as much as 46% when compared with similar property located further inland without access to, or a view of, the water. The lifestyle and additional amenities that a waterfront home offers is a key motivation for many buyers. From private moorings to jetties and quays, these properties offer easy access to numerous water-based activities along with an ever-changing panorama. Our 2020 data reveals that on average in the UK, the premium for a riverside property averages at 19%.

In the UK there’s a two-tier market on the river at the moment. There’s the existing, established blocks that have been around for the last 10 to 20 years, which are perceived to be quite good value for money but are a little dated. They still present very good value for money. The newer riverside developments that have recently completed are a lot more expensive, with the types of amenities offered often way ahead of those found in previous developments. We've seen lots of movement on the river in Chelsea and Battersea in the past year, as well as further east in London, which has become increasingly popular among young professionals.

Where to, next?

Our network of agents and offices across the UK know a thing or two about selling waterfront property. But there's more to what we do than selling property for the best price. As well as trusted advisors for all property related issues, we're also your guides to the best areas and all that goes within them, thanks to our intimate knowledge of our respective local areas. Below are four of the must-know neighbourhoods in the UK, on the banks of its rivers and estuaries. Find out what our expert agents believe could be your next destination to live.

Loddon Drive, Wargrave, Berkshire

Nick Warner Partner, Head of Henley-upon-Thames office nick.warner@knightfrank.com

Situated below the confluence of the rivers Thames and Loddon lies Loddon Drive, a secluded enclave in the pretty village of Wargrave. Formerly a post-war overspill for the village, much of the riverbanks of the River Loddon have undergone redevelopment. Property in the area promises exclusivity and privacy, with a direct connection to the water.

The village of Wargrave itself consists of several small shops and pubs, while the market town of Henley-on-Thames, with its vibrant shopping scene and high-quality eating and drinking, is only four miles away. Reading and Maidenhead lie beyond, with more comprehensive amenities.

The area is well served for schools, including The Oratory in Reading, and Queen Anne's in Caversham. For sportier types, there are numerous golf courses nearby, including Temple, Henley and Hennerton. Further afoot, the thrill of racing can be enjoyed at Ascot.

Wargrave has several easy-access routes to London, Heathrow Airport, the west country, and the M4. Neighbouring Twyford provides mainline rail access to the capital in under 30 minutes.

11%

The average property price growth over five years in the Wargrave (2015 to 2019)

£1,013,342

The average price of a property sold by Knight Frank in Wargrave (above £750,000)

St Boswells, nr Melrose, Scotland

James Denne Partner, Head of Melrose office james.denne@knightfrank.com

St Boswells is located in the heart of the Scottish Borders, high above the River Tweed. Jaw-dropping views of the valley from above magnify the village in its cradle, a truly stunning scene. The village itself is well catered for, with a mini supermarket, post office, butcher, hotel, an award-winning book shop, delicatessen and café.

Schooling is very good in the area. St Boswells has its own village school and is in the catchment area for the highly rated Earlston High School, which is just six miles away. St Marys Preparatory School, meanwhile, is eight miles away in Melrose.

In terms of connectivity, Edinburgh is approximately 40 miles to the north, and provides decent transport options to the rest of the UK and beyond, via an inter-city rail service and international airport, respectively. London can be reached via Berwick-upon-Tweed’s rail station, which is 32 miles to the east, in approximately three hours 40 minutes.

The area – and River Tweed in particular – is renowned for its wealth of sporting and recreational opportunities, as well as its strong equestrian tradition. While the country house market in the Tweed Valley has not shown huge growth in recent years, what it has shown is the extraordinary value for money there is when buying in The Scottish Borders.

9%

The average property price growth over five years in neighbouring Melrose (2015 to 2019)

£800,000

The average price of a property sold by Knight Frank neighbouring Melrose (above £750,000)

Barnes, Chiswick & Richmond, London

Luke Ellwood Regional Partner luke.ellwood@knightfrank.com

Outside of Central London’s vast urban sprawl lies a stretch of the River Thames that’s dotted with some of the Capital’s most cherished towns and villages. From the leafy wide-open avenues of Chiswick, to the slightly more sedate village scenes in Barnes, or the bustle on Richmond’s waterfront, there is growing interest among Londoners to make a SW or W postcode their next destination to move.

These areas have always been a destination for those coming from prime central London postcodes, but if we’ve learned anything from the past few months, buyers are beginning to prioritise areas such as Chiswick, Richmond and Barnes for their various qualities that make living a priority above all else. Green space is an abundance; the neighbourhoods are safe; and there is a healthy bar and restaurant scene within each that is as varied as it is high quality.

And while it may feel like you would never have to leave, central London is directly your doorstep. Property, as you may expect, is some of the most beautiful within the city. But unlike its central counterparts, it comes with the benefit of space. The River Thames, meanwhile, is a focal point for those lucky enough to live by the water. People are beginning to cherish these views and green space even more, especially after a period of lockdown and subsequent isolation that has made us revaluate the importance of habitable space.

Naturally, its closeness to the centre of London means working in town does not require a gargantuan commute. Waterloo can be reached via mainline rail in under 20 minutes, while District, Piccadilly and Hammersmith & City lines connections can be taken from neighbouring Hammersmith and Chiswick itself. As you’d expect, schooling in the area – both state and private – is excellent, with the likes of St Paul's School, The Harrodian School and Richmond Park Academy all within close proximity.

12%

The average property price growth over five years in Barnes (indicative per neighbourhood) (2015 to 2019)

£1,190,905

The average price of a property sold by Knight Frank in Barnes (indicative per neighbourhood) (above £750,000)

The Brentford Project, Brentford, London

Christopher Jones Partner christopher.jones@knightfrank.com

On the doorstep of West London’s latest creative, commercial and academic powerhouse, and where the River Thames meets the River Brent, sits a remarkable new riverside development. The Brentford Project offers Londoners a place away from the rush, somewhere where green space and picturesque views are in abundance, but with direct connections to the city and the world beyond.

Brentford's riverside was once a former industrial area situated among the Capital's largest green spaces, but is now set to become one of its largest waterside hubs to undergo regeneration. The rediscovery of this hidden London gem sees the yards and lanes re-established, and the water’s edge brought back to life.

Within eyeshot of the River Thames, the project will be a place to make a home, thanks to its well-balanced blend of urban lifestyle and green space, which is nigh-on impossible to find in such a well-connected position.With a large number of global tenants nearby and high levels of connectivity with central London and Heathrow, TW8 is becoming a focal point for the discerning Londoner, looking for the best of both of worlds.

15%

The average property price growth over five years in Brentford (2015 to2019)

£830,392

The average price of a property sold by Knight Frank in Brentford (above £750,000)

Data source: Knight Frank Research; ONS