Q. I am currently looking within the Docklands for a two bedroom property within close proximity to my office in canary wharf. Having viewed several properties over the weekend it would seem that the properties on offer with river views come with a huge price tag compared with non river. Is it worth paying the extra premium for a river view?
A. Property is of course very much a case of personal choice. Some buyers prefer space over a view, others houses over apartments etc. However with regards to water views of any kind you can always expect to pay a premium of at least £30,000 and upwards depending on the property. Without question a property with a water view will of course be worth a premium especially since there are now not many riverside sites remaining within the area to be developed. Waterside sites are now becoming like gold dust to developers because of the high demand from wealthy buyers queuing up to buy. Properties boasting a river or dock view will always fair well in the re-sale market so opting to pay the extra now may well pay off in the future.