Richmond Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Edition

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

The Richmond property market recorded 2,683 residential sales in the 12 months to 31 May 2026, with a median sale price of £700,000. This places Richmond £215k above the Greater London county median of £485,000, and £415k above the approximate UK median of £285,000.

Prices in Richmond have shown modest growth, a year-on-year change of +2.9%. Within Greater London, Richmond ranks 2nd by price out of 21 principal towns, and 11th by transaction volume.

On a quarterly view, Richmond median prices moved from £725,000 in Q3 2024 to £670,000 in Q4 2025, a change of -7.6% over 5 quarters. The most recent quarter is excluded because HM Land Registry registrations for it are still incomplete.

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 £1.48m, while flat properties are most accessible at £465,000. The £1.0m spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

HM Land Registry has so far registered 7 new-build sales in Richmond for the past 12 months, 0.3% of registered transactions. New-build sales are typically registered 6 to 18 months after completion, so this understates current delivery and is not a completions figure.

Too few new-build sales have registered yet to quote a reliable new-build premium for Richmond.

Across the wider Greater London market, 1,285 new-build sales have registered so far. See our Greater London property market report for the full county picture.

The table below shows the most recently registered residential sales in Richmond, 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 £315,000 to £935,000 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 £700,000 and detached homes at £1.48m, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Richmond with a GDV of £1.48m would attract senior debt of approximately £958,750 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 2.9% 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.