Prices for prime waterfront properties around the world are on average 40% higher than comparable properties inland, new research has found.
Rowers on the Thames are almost as intrinsic a part of London life as red double-decker buses, and ever more watersports enthusiasts are choosing to live where they can slip down to the river in the evening for a quick workout.
Developers are catching on. From the £16.95 million Tower penthouse at Chelsea Creek, one of London’s latest dockland developments, residents will be able to do just that, with a view down river to the City and up stream to where Old Father Thames ripples in through the leafy south-west of the capital.
Prime waterfront properties in the UK are worth up to 70% more than their inland counterparts on average, with the South West commanding an extra 91%, according to new research.
Private slipways have the potential to push the premium up to as much as 118%, according to Knight Frank’s latest Prime Waterfront Index which measures the potential value uplift for prime homes with a view of water compared with similar properties located further inland.
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