As they pound the pavement for 26.2 gruelling miles, the 56,000 runners tackling the London Marathon this weekend might choose to look up and take in their surroundings when the going gets tough.
After all, there’s plenty to be distracted by – whether it’s the roaring cheer of the crowds, the excitement of passing famous landmarks including Tower Bridge and St Paul’s Cathedral, or even just having a nosy at the houses lining the streets.
It goes without saying that there’s a great deal of variation in the properties along the route – and a new study has identified a price difference of almost £1,000,000 between the start and the finish lines.
Analysing sold price records from Land Registry data, the research looked at property values across the postcodes for each of the 26 mile markers of the London Marathon.
The route crosses a whopping 15 different postcodes – and over the last year, the starting point down in Blackheath, SE3, has seen houses sell for an average of £533,500.
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At the other end of the spectrum, those with ambitions of getting on the property ladder at the finishing line might need to get their savings pots going – or consider entering the lottery.
Ending at the bougie SW1A postcode of The Mall – just minutes away from Buckingham Palace – homes here typically went for £1,500,000 over the last year, according to estate agent Foxtons’ analysis.
It goes without saying that this is considerably over the UK’s average property price, as statistics from Rightmove show that the typical asking figure is £377,000.
But what about the most affordable postcode? At just three miles into the race, Woolwich (SE18) is home to the cheapest properties along the London Marathon route.
Over the last year, homes here went for £428,500 on average – more than £200,000 under the going rate across the capital over the last year, which now stands at £686,250.
This ‘useless’ tube line is home to London’s most expensive mortgages
Ever wondered just how much your fellow commuters are paying for their monthly mortgages? A study has identified the London tube lines with the most expensive monthly payments.
As ever, it’s mind the mortgage gap as the Waterloo and City line has been named the most expensive for homeowners on the underground network with an average payment of £5,632 per month.
It’s little surprise considering that this line – colloquially known as ‘The Drain’ – has just two stops on it: Waterloo and Bank. Both are in zone 1, and the journey between them typically takes around four minutes, a fact which has seen disgruntled Redditors give it the title of ‘useless.’
So, if there are only two stations, why was it built? In the late 1800s, a survey found that 12,000 per day needed to get from Waterloo to the City (and back home again, as many commuted in from Surrey and the surrounding home counties).
And so, in 1894 work began on this short but sweet tube line – and it received its royal opening by Prince George, the Duke of Cambridge, in 1898.
And it was similarly positive news for SE8, which crosses mile markers 7 in Greenwich and 8 in Deptford, with the second most affordable properties on the route at £445,644.
Runners will also find a relatively good deal (in Big Smoke terms, that is) at mile 22 in Shadwell (E1), where homes have averaged out at £466,500 over the last year – the third most affordable across the iconic route.
‘The London Marathon is a reminder of everything that is great about London, as people from all walks of life, backgrounds, religions and races come together in one momentous effort to raise money for charity and to support their friends and family,’ said Foxtons’ chief sales officer Jean Jameson.
‘The course itself is also a great demonstration of what London has to offer, from the leafy suburbs of Blackheath to the rugged charm of Woolwich and Shadwell, the modern splendour of Canary Wharf and the historic charm of Tower Hill and the Mall.’
Jean added that the 15 postcodes representing London across the route embodied the ‘diversity of the London property market,’ from ‘the more affordable areas to the East and the prime heartlands of the finish line.’
What’s your home like?
This year Metro is partnering with the Ufurnish.com Home Awards to bring readers the best in UK property.
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As part of our partnership, Metro’s Property channel will be full of inspiring homes, fly-on-the-wall property pictures and tips and tricks from those in the know.
Need some inspo (or some eye candy)? We’ve rounded up nine winners from last year’s awards to get those creative juices flowing.
Head to Ufurnish.com to enter now.
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