How much does a nearby park add to the rent of a London property?

A survey by the always interesting rentonomy blog looks at the effect of proximity to a park in London on local rental prices, such as Regent’s Park and Hampstead Heath. They looked at the relationship between the nearest park and levels of rent for two-bedroom properties in tube zones 1, 2 and 3. The results were that properties less than half a kilometre from a park averaged £400 while properties in the next band, 0.5km to 1km have rents 25 per cent lower.

They also examined which parks were most costly to rent near, as the graphic below shows, with SW1 swamping the top of the list and W1 and SW7 also high up.

Useful web sites for more information
Property Search Engine
Independent property news
http://blog.rentonomy.com
Property to rent in Regent’s Park
Property to rent in SW1
Property to rent in W1
Property to rent in SW7

Recent Posts on Property

• Your chance to live in Winnie the Pooh's home
• How can the mortgage market recovery be helped?
• Where do most millionaires live in the UK?
• Wandsworth tops aspiring young professionals hotspot list
• Record home price rises (and not just in London)