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TODAY'S OTHER NEWS

Boom with a view: agency quantifies premiums for seeing the Thames

Cluttons claims homes for sale on the River Thames or with Thames views can command premiums of up to 67 per cent while prime rental properties with Thames-side outlooks can achieve up to 73 per cent premiums.

Cluttons says South Bank riverside properties achieve the greatest premium of up to £2,000 per square foot compared to those without views of £1,200 psf. This is followed by Tower Bridge achieving £1,500 psf (£1,000 psf without river views), Battersea £1,200 psf (£900 without river views), Putney £1,100 psf (compared to £800) and Wapping £1,000 psf (£750).

Cluttons research also shows prime renters are as keen as owner occupiers to live waterside. 

Prime Wapping riverfront rental accommodation achieves a 73 per cent premium at £950 per week compared to its counterparts, which achieve £550 per week. South Bank prime riverfront rents attract £1,500 per week, achieving a 67 per cent premium, as does Tower Bridge with rents of £1,000 per week.

In the west, prime riverfront rents in Putney achieve a 52 per cent premium at £875 per week while Battersea premiums reach 50% at £900 per week.

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