- Most expensive: St. James’s at Mile 26 has the highest average house prices at almost £2.5m – although they’ve fallen 1.8% since April 2016
- Cheapest property prices along the route can be found at Mile 3/4 in Woolwich at £340,516
London, 21 April 2017 – Although average property prices along the London Marathon route have hit the wall, rising just 2.6% over the past 12 months – less than half the UK average* – but the average price is still almost three-quarters-of-a-million pounds, according to figures by online estate agents HouseSimple.com
With almost 40,000 professional athletes and fun runners preparing to pound the streets this Sunday (23 April) in the 37th London Marathon, HouseSimple.com has analysed average property prices at each mile point along the 26-mile route and compared those prices to 12 months ago.
The figures reveal that the average price of a home along the route is an eye-watering £732,110, 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.
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.
The following table shows current average property prices along the London Marathon route and how much they have risen since last year’s race:
| Miles | Route stop | House prices – April 2017 | House prices – April 2016 | Annual price change % |
| 1 | Blackheath | £668,107 | £649,880 | 2.8% |
| 2 | Charlton | £428,695 | £415,014 | 3.3% |
| 3/4 | Woolwich | £340,516 | £314,446 | 8.3% |
| 5 | Charlton | £428,695 | £415,014 | 3.3% |
| 6 | Greenwich | £597,233 | £562,729 | 6.1% |
| 7/8 | Deptford | £412,796 | £388,686 | 6.2% |
| 9/10 | Rotherhithe | £546,206 | £545,316 | 0.2% |
| 11 | Canada Water | £471,682 | £473,375 | -0.4% |
| 12 | Bermondsey | £559,977 | £542,663 | 3.2% |
| 13 | Whitechapel | £747,346 | £704,760 | 6.0% |
| 14 | Limehouse | £604,253 | £579,386 | 4.3% |
| 15 | Canary Wharf | £584,649 | £559,793 | 4.4% |
| 16/17 | Isle of Dogs | £543,707 | £521,196 | 4.3% |
| 18 | Canary Wharf | £584,649 | £559,793 | 4.4% |
| 19/20 | Poplar | £537,122 | £516,153 | 4.1% |
| 21 | Limehouse | £604,253 | £579,386 | 4.3% |
| 22 | Shadwell | £728,981 | £686,967 | 6.1% |
| 23 | Monument | £949,720 | £934,115 | 1.7% |
| 24 | Blackfriars | £942,732 | £881,423 | 7.0% |
| 25 | Embankment | £1,658,887 | £1,678,925 | -1.2% |
| 26 | St James’s | £2,434,099 | £2,478,034 | -1.8% |
| AVERAGE | £732,110 | £713,669 | 2.6% |
Alex Gosling, CEO of online estate agents HouseSimple.com comments: “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.
“Our research also reveals the vast difference in property prices, even along the Marathon route. From Woolwich, where average prices are a little over £300,000, to St James’s, where prices are close to £2.5 million; these two areas might be separated by a few hours of painful jogging, but they are worlds apart where property prices are concerned.”