Three bed properties make you £729 a day, say statistics

Three bedroom properties in popular parts of Central London are earning nearly eight times the median salary for Londoners.

Statistics show that three beds rose £729 per day during 2013 - at a faster rate than other properties in prime London. Apparently, a large part of the increase was gained during the last quarter, when a strong six percent rise boosted the average value of a three-bed property by an extra  £93,231.

This means the average three-bed in sought-after parts of London makes the owner £250,000 a year. 

The expression 'Prime London' in this case covers a large stretch of the capital, including places such as Clapham and Balham which were only considered prime relatively recently.

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Property Industry Eye