Epoch Times: Chelsea in bloom
- By Adam Foster
- 18 February 2015
Russell Simpson highlight that in London two thirds of so-called “garden space” is actually covered by different types of “hard landscaping”, rather than the “soft landscaping” – soil beds, lawns and planting – associated with a traditional garden. So for over 65% of London homes a “garden” actually means a large balcony, patio terrace or roof terraces, with many having access to private residents-only gated garden squares.
Russell Simpson calculate that properties in Chelsea with private patio or roof terraces can also a command a 60% price premium compared to properties of a similar size with little or no outdoor amenity space. Typically, Londoners paying 20% more for outdoor amenity space compared to the rest of the UK.