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

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

The Richmond property market recorded 2,754 residential sales in the 12 months to 30 June 2026, with a median sale price of £690,000. This places Richmond £210k above the Greater London county median of £480,000, and £405k above the approximate UK median of £285,000.

Prices in Richmond have been broadly stable, a year-on-year change of 0%. 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 £646,500 in Q1 2025 to £693,750 in Q2 2026, a change of +7.3% over 5 quarters.

Richmond upon Thames, the local planning authority covering Richmond, approved 15 residential planning applications and refused 12 in Q3 2026 (1 July to 30 September 2026), with 47 still awaiting a decision. That is an approval rate of 56%. A further 1 residential decision in the period has no recorded outcome in the source data and is not counted above. Planning figures come from local planning authority records compiled by Landstack, retrieved on 3 October 2026. Councils and Landstack can take several days to publish decisions, so decisions made in the final days of Q3 2026 may not all be included yet.

Schemes approved in Q3 2026, together with those still awaiting a decision, propose around 143 homes, an estimated £87.0m of development value at local sale prices. Treat the unit total as an upper bound, since an outline permission and its reserved-matters application both count.

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 £1.55m, while flat properties are most accessible at £460,000. The £1.1m 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 5 new-build sales in Richmond for the past 12 months, 0.2% 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, 1,006 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 £370,000 to £990,000 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 £690,000 and detached homes at £1.55m, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Richmond with a GDV of £1.55m would attract senior debt of approximately £1.01m 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.

While prices have remained flat year-on-year, experienced developers can still generate strong returns in Richmond by targeting well-located sites with clear demand drivers.

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.