About Richmond and Its Housing Market

Richmond is a leafy suburban town in South West London about 8 miles from the City Centre. The town owes both its name and existence to King Henry VII who built a palace here in the early 16th century and named it after his earldom of Richmond (North Yorkshire). The town grew considerably over the following centuries but it was largely rural until the 18th century when a number of Georgian properties were built – many remained beautifully preserved to this day and gave Richmond its unique character.

One of the most important events for the town’s future development was the arrival of the railway. Completed in the mid-19th century, the railway played the key role in its transformation into a suburban area. In 1890, Richmond was declared a municipal borough and in 1965, it was incorporated in Greater London.

Rich history, beautiful architecture, acres of parks and open spaces including the spectacular Richmond Park, Kew Gardens, Hampton Court Park and Richmond Green, to mention only a few, excellent schools, low crime rate,… the town is offering a very high quality of life. As a result, it is a highly desirable place to live, especially for families.

House prices are well above the London average; terraced homes sell for an average price of £800,000, while semi-detached houses go for about £1 million. And the prices continue to rise; they are up nearly 15% on last year. Rather than moving home, it is therefore a good idea to consider a loft conversion if you need extra space.