Parkgate Estate Agents in Richmond

Industry insights

Richmond property price update – January 2022

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With the uncertainty created by Covid-19 over the last two years, it became very clear, very quickly that homeowners were once again eager to get moving with their plans once the economy opened back up.

Following a busy last half of 2021 we wanted to take a look at the property market to provide an update for those thinking of listing their homes and making the decision to move this year.

So, what’s happening with the Richmond property market in 2022?

This ‘Parkgate Estates Richmond property market update’ aims to provide some clarity that we think will help no end when it comes to making the decision get your property on the market.

Richmond property prices are on the rise

During the last twelve months the average price of a home sold in Richmond-upon-Thames has risen to £938,000, up 3.4% according to the latest data from Zoopla for January 2022. Zoopla also report a rise in the average price for flats in Richmond up 3% at £456,724.

Looking more closely across a range of figures published recently, we can see a positive picture emerge for the Richmond area.

Land Registry figures reported by Hamptons show the average Richmond property price standing at £803,700 which is far higher than the London average of £523,300. They also report the average house sold at £1,108,451.

Interestingly, Richmond had 486 house sales over £1m+ from January to August 2021 which is the highest on record.  The Savills prime London index, which puts the average value of a house at about £2.8m, rose 3.2 per cent in the third quarter and 7 per cent year on year.

The bounce-back across the UK market after the difficulties of the last two years has been considerable according to figures published by Zoopla following the re-opening of the economy. Property sales rose 88% with an especially strong upturn in the south and some northern towns.

The Royal Institution of Chartered Surveyors (RICS) has been one of the most positive voices about property values throughout the crisis, predicting that property sales would rebound to their previous levels in ‘around nine months’. Supporting the belief that early 2022 will be a strong time for property sales.

Mortgage brokers too have taken a similar position about the strength of the market, again citing six months as the most likely timeframe for a property market bounce back in the Mortgage Broker Benchmark study.

With such a positive outlook for early 2022 by leading bodies, and with such a solid annual increase in property prices, now is a good time to talk to us about selling your home.

Search our current properties to buy or let in the area.

What makes Richmond so special?

Richmond has many draws. For a start it’s a picturesque riverside town located in south-west London with amazing transport links and is a firm favourite among commuters thanks to its many and varied selection of independent shops, cafés and restaurants.  Living here, you get a real sense of the tranquillity Richmond has despite being a short distance from the centre of London.

This sense of calm is created by Richmond’s proximity to the river, the abundance of gorgeous walks and the expanse of Richmond Park, the largest of the royal parks and famous for its red deer and reputation as a place of national and international importance for wildlife conservation.

Richmond: The ‘Happiest Place to Live in London’

The Parkgate team really love the village-like feel and the strong sense of community in the Richmond area, with some of us living locally. So, we know it well and love the quality of life here. It’s therefore, no surprise to us that Rightmove’s annual ‘Happy at Home’ Index announced in November that Richmond was the happiest place to live in London for the 7th time in a row.

The Rightmove Index measures a series of factors, from the friendliness of the locals to the quality of local amenities, to access to open space. All of these factors help to establish which are the happiest communities in the UK. And while, nationwide, the historic town of Hexham, in Northumberland, took top spot, leafy Richmond was the runner up.

In 2019 Halifax issued their annual ‘Quality of Life Index’ placing Richmond 2nd in London for overall quality of life. Like the Rightmove Index, the research analysed a range of data to rank the areas with the best quality of life, covering the labour and housing markets, the environment, education, health, personal wellbeing and leisure. The 2021 version of the Index is due in February 2022.

With such high-profile endorsements, Richmond property owners only stand to benefit from increased interest in the area. Good schools, excellent transport links to other parts of London and the UK, low crime figures and the general quality of this location all combine to add to the desirability of the area when it comes to buyers looking for the best options for their families.

The wider local area around Richmond

The Richmond area has a number of very distinct local areas which includes East Sheen – with its very long high street and residential feel, to the wonderful ‘village-esque’ and very family-friendly Mortlake, thanks to its lovely riverside walks, good local schools, and superb transport links. And then there is Twickenham across the Thames, another location that benefits from the tranquillity of the river, great parks and good housing stock and it’s just a stone’s throw from central Richmond.

Competition for properties stands to be high, especially in such a competitive market and even more so now that Richmond has been identified as such a wonderful place to live.

Get on the market with Parkgate

For more information about selling your property in Richmond, Twickenham, Sheen, Mortlake and Putney, please get in touch with our multi award-winning team at Parkgate Estates on 0208 940 2991.

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Twickenham Services
09:03 06 Feb 25
Great communication and customer service from Daisy makes our job much easier. Parkgate estate agents are always a pleasure to deal with.
Stuart Smallwood
11:01 03 Feb 25
Valeriya M
07:45 28 Aug 24
Thank you to the Park gate team for a smooth process, always on the spot and available to help.
Sarah Druce
13:51 06 Aug 24
It is a pleasure to work with Parkgate. They have supported us all the way through from booking our initial viewing all the way through to managing the rental we are in now. Mark Langham was so quick to help us with our application, provide feedback from landlord on our approval, and get us through the process to secure the tenancy.Jonathan is our managing agent, and he regularly check in to see how things are going and are quick to respond with any issues. They have also scheduled maintenance and painting for us and have made recommendations and advocated on our behalf to the landlord for additional maintenance and improvements.
Gergana Filipova
11:43 01 Aug 24
Mo Stenhouse
10:12 01 Aug 24
I've used Parkgate in Richmond for over 15 years now. They have always found excellent tenants for my properties. They never fail to be friendly, supportive and very professional. Any queries or concerns I may have are instantly responded to. Can highly recommend them.
I cooperate with the agency as a tenant and completely pleased with the service of its agents. They are always ready to help with any property issue as soon as possible, promptly reply and react to any kind of enquiry. Special thanks to Jola for her pleasant communication style!
Erol Morgül
04:43 27 Jul 24
We purchased a house recently with Parkgate by a perfect service. I was in contact with Jonathan and Klaudia who are really professionals. They were easy to reach, fast acting and especially fair and honest. They were so straight forward that we managed the completion within a very short period. I reached them so easy whenever I need to talk over the phone or in person. I will never forget Klaudia’s good luck to us at the first viewing of property. We decided to buy at that first day and all was done so fast. They carried out all paper works so smooth and clear. I would highly recommend Parkgate. Thanks again to Jonathan and Klaudia.
KGuys Guys
18:14 26 Jul 24
I live in St Margarets road Parkgate is the one of the absolute greatest estate agents. I'd like to thank you to Susie and Jola for all your help these past few months. Your hard work helped me to get my dream home, and I couldn't be more grateful or excited about milestone. Thank you again for all your care and attention. You guys are the best!
Ben Shore
17:00 26 Jul 24
Really pleased with Parkgate. They manage my flat in Richmond. Because they're local they actually visit the flat regularly and use trusted local suppliers to deal with issues / maintenance etc. I find they are a reliable and easy agency to deal with, which reduces stress. Strongly recommend!
Emre Ovacık
08:38 01 Sep 23
Very responsive, informative and always kind people. We didn't have much time, but they helped us with creating some time in their agenda and squeezing us in. We rented our place just in time, thanks to them.
Branka Obradovic
12:21 22 Feb 23
Parkgate has been my agent of choice for a number of years now and has secured good tenants for my properties. They are hard working, respond in a timely manner and best of all are always friendly rather than aggressive or overbearing, which is the case with many of their competitors.
Jorge Rodriguez
15:01 02 Feb 23
Excellent service throughout.We rented a property that they manage for 4 years.Parkgate team is very professional and approachable. Way better than dealing with a big agency, they offer a more personal approach, always available and willing to solve any issues.From the tenancy agreement to handing the property back, it has been a real pleasure working with them.
Catherine Brown
12:16 30 Aug 22
I have had an eight year relationship with Parkgate, in fact they originally sold my flat to me 12 years ago in Putney. Their service and professionalism is unrivalled. They managed the leasing of my flat from 2014 and assisted me to negotiate the successful sale just now in 2022. Chris has been there throughout with an open door and no request too trivial to assist. Klaudia negotiated my sale and worked with amazing tenacity throughout. I would not hesitate to recommend Parkgate to anyone in the Putney/Richmond area, they know their stuff.
Ali Champkins
10:16 31 Jan 22
We have had a wonderful experience with Parkgate and would highly recommend them. Chris was brilliant on the valuation - what we liked is he was totally honest about our chances of selling and gave us the positives and negatives about our property (such as facing a council estate!). Other agents tend to just gush over the good bits which is great, but actually not that helpful.The selling process was great - we were given good feedback from the viewings and got the price we wanted within about 8 weeks.We really have nothing but praise for Klaudia and Chris, it's been really enjoyable, easy and stress free and we will be recommending Parkgate to all our friends in the area and our building.***** Thank you! *****
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