Richmond is part of the London Borough of Richmond Upon Thames and sits within a meander of the River Thames, meaning that is has a significant level of riverside property.
Property for sale in Richmond has gradually grown around Richmond Palace which was built in the 16th century. This has now developed into a flourishing commercial centre with booming retail industry and night-life which has made a large contribution to the local economy.
The area has a population of more than 21,000, and these people enjoy the lowest levels of poverty in London. There is a wide variety of office accommodation and many multi-national corporations have their headquarters here including big names such as eBay and PayPal. This influx of business means that property investment in Richmond can prove wise when looking at the commercial sector.
Richmond station is served by the District line and the London Overground rail system, so any property in Richmond is well connected. The A316 is runs between Chiswick and the M3 bisects Old Deer Park and the town to its north.
There are many protected conservation areas in Richmond, and the half-tide lock allows major passenger and goods traffic to continue operating throughout low tide.
The Georgian style property for sale in Richmond commands some healthy prices, with an increase of 46% in the last year. The average property price in the area has increased by over £600,000 since 2000 to £970,000.
Property investment in Richmond has proved profitable, with the average rental price of a four bedroom home costing £819 per week.
Richmond is one of the 35 major centres identified in the London Plan, and being almost surrounded by the River Thames has made it a prime location.
Richmond has many highlights, but lovers of open spaces are particularly well catered for.
Richmond Green is a pleasant area, and the 360 acre Old Deer Park extends as far as the boundary with the Royal Botanical Gardens at Kew which is a UNESCO World Heritage site.
Richmond has a wide and range of bars and restaurants to choose from along the riverside including a Michelin star establishment. The Museum of Richmond and the Riverside Gallery are also great tourist attractions, bring many visitors to the area year on year and helping to increase the demand for property for sale in Richmond.
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