Richmond Property Market: House Prices, Sold Data & Development Finance, End of H1 2026

Richmond upon Thames prime family market with Green Belt edges and premium period terraces

The Richmond property market recorded 1,832 residential sales over the past 12 months, with a median sale price of £690,500. This places Richmond £206k above the Greater London county median of £485,000, and £406k above the UK national median of £285,000.

Prices in Richmond have shown modest growth, with a year-on-year change of +0.2%. Within Greater London, Richmond ranks 11th by price out of 51 principal towns, and 25th by transaction volume.

Richmond median prices have moved from £649,000 in Q1 2025 to £665,000 in Q2 2026, a change of +2.5% over 5 quarters.

Property prices in Richmond vary significantly by type. The table below compares Richmond prices with Greater London county averages and UK national figures.

Detached homes in Richmond command £1.52m, while flat properties are most accessible at £465,000. The £1.1m spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

Richmond recorded 1 new-build transactions in the past 12 months, representing 0.1% of total sales. New-build supply is limited, potentially indicating either planning constraints or an untapped opportunity for developers.

New-build properties in Richmond traded at a discount of 0.0% versus existing stock. Developers should focus on specification, design quality, and location to maximise values above comparable second-hand stock.

Across the wider Greater London market, 412 new-build completions were recorded — see our Greater London property market report for the full county picture.

The following table shows the most recent property transactions recorded in Richmond, providing real-time evidence of achieved prices for buyers, sellers, and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £293,000 to £770,000 illustrates the breadth of the Richmond market.

For developers considering Richmond, the local market data translates directly into finance structuring. With a median value of £690,500 and detached homes at £1.52m, lenders can assess scheme viability with confidence.

A typical development finance facility for a Richmond scheme with a GDV of £1.52m would attract senior debt of approximately £991,250 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.

With prices rising 0.2% year-on-year, Richmond presents a supportive environment for new development. Lenders view positive price momentum favourably when assessing loan applications.

Ready to develop in Richmond? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.

To put Richmond's market in context, the table below compares it with similarly-priced towns across Greater London:

For the full Greater London town-by-town breakdown, see our comprehensive Greater London property market report.