MIH TEAM
27/09/24
Renters’ Rights Bill
020 3637 7968
info@mihproperty.co.uk020 3637 7968
Richmond is an affluent Thames-side borough in south-west London endowered with an abundance of beautiful green parks and several protected conservation areas. It could be described as London’s most attractive borough.
Richmond town was founded in the 16th century following King Henry VII’s building of Richmond Palace from which the town derives its name. Richmond remained mostly agricultural land until the 18th century when a number of large important houses were built. This made the area a very fashionable place to live and as a result many Georgian terraces were built, particularly around Richmond Green and Richmond Hill as well as shops in the town centre to serve the increasing population.
Since 1965 Richmond has formed part of the London Borough of Richmond upon Thames which includes such areas and historic villages as Castelnau, Kew, Barnes, Mortlake, East Sheen, Richmond, Whitton, Twickenham, Petersham, Ham, Hanworth (in part), Teddington, Hampton Hill, Hampton, and Hampton Wick.
Here are several factors that contribute to Richmond’s appeal:
Richmond offers a variety of property types, including Victorian and Georgian period homes, Edwardian properties, modern apartments, and townhouses. There are also some newer developments, particularly along the riverside.
The large number of Georgian terraces that have survived remain well-preserved and many have been designated listed buildings on account of their architectural or historic significance.
Property prices in Richmond are typically above the London average due to its affluent status and desirable location.
The demand for rental properties in Richmond remains consistently high, driven by several factors. Firstly, its reputation as one of London’s greenest boroughs attracts families and professionals alike seeking a tranquil yet well-connected lifestyle.
According to recent data, the average monthly rent for a one-bedroom apartment in Richmond ranges from £1,300 to £1,800, while a two-bedroom apartment can cost between £1,800 and £3,000 per month. Larger properties, such as three or four-bedroom houses, can command rents upwards of £3,500 per month or more.
MIH has expertise in managing block and residential property in the Richmond area. We are recognised for our attention to detail, extensive knowledge of leaseholds and legal matters, and trusted for our responsive service. Whilst we provide the expected building management services, we can also tailor our offering to suit more specific demands, creating a bespoke and refined solution that is appreciated by our London clients.