Navigating the London property market can be a challenge, especially with sky-high prices and demanding landlords. A recent sale highlights this point: a Victorian boathouse in Teddington, a prime riverside location, has sold for a staggering £537,000. This is almost double the average UK house price, as reported by Zoopla’s House Price Index for May 2024.
The Aldous Boathouse, nestled next to the River Thames, was on the market for the first time in 24 years. Built around 1874, it was restored in 1999 alongside the Teddington Wharf estate of modern flats. Though it currently needs some work, the boathouse boasts a private pontoon and allocated parking space, adding to its luxury appeal. While the property lacks bedrooms, its potential for future development (subject to planning permissions) is highlighted by the estate agent, Savills.
This isn’t the only water-related property grabbing headlines. A private lake in Wolvercote, near Oxford, is also on the market for a comparatively modest £100,000. Dubbed Duke’s Lake, it encompasses 12.95 acres of water and 30.8 acres of agricultural land, including two waterways: the Duke’s Cut and Wolvercote Mill Stream. While it’s not a central London property, the chance to own your own lake with a rowing boat adds an undeniable allure.
These recent property sales demonstrate the diverse and sometimes extraordinary offerings within the UK real estate market. Whether it’s a luxurious boathouse or a sprawling lake, the demand for unique and appealing properties remains strong.
