Open countryside until Henry VII constructed Richmond Palace, Richmond eventually become a popular residential area when the aristocracy began to settle locally seeing it as a retreat from London. Numerous grand houses were built at the time and many remain standing today, including Ham House, Petersham House, Marble Hill House and many properties on Richmond Hill.
Located in south-west London, Richmond is the only borough that spans both sides of the River Thames. Famous as the home to Kew Gardens, Twickenham Stadium and Hampton Court Palace, the borough is a tourist hot-spot and its property prices reflect this popularity. According to research in 2006 the borough had the best quality of life in London and the lowest child poverty rates in the city.
One of the top choices of boroughs for Londoners to settle, residential property is expensive. With its rich history, beautiful countryside, fine properties and easy access to central London, it is no surprise that those seeking commercial property in Richmond also face high prices. This is further endorsed by the fact that new development in Richmond is virtually unheard of. When building does take place it is usually on a smaller scale such as Eminence House, a development of just four 2 bed flats or the conversion of the Star and Garter ex-servicemen home into apartments. Business people looking for shops to rent Richmond, Warehouses to let in Richmond or offices to buy in Richmond should speak to a specialist commercial property agent to source appropriate opportunities.