Greenwich

A Relatively Posh Neighbourhood Favoured by Wealthy Families

Area Guide For Greenwich

A peaceful South East London neighbourhood situated near the river, Greenwich has historic value thanks to its relation with GMT (Greenwich Mean Time). The neighbourhood has little in terms of conventional entertainment, but if you enjoy the village atmosphere and riverside setting, you are going to love Greenwich.

 
 

Tags

Family Friendly
Good Transportation
Peaceful
Safe

Overview

  • The Neighbors

    Lots of flats and conversations including riverside housing and modern accommodation.

  • Ideal for

    Families and professionals.

  • Deal Sealer

    Lots of greenery.

  • Not for

    People looking for a bustling neighbourhood.

  • You will Like

    Places to see.

Greenwich Map

Estimated Price: £555,286
Average Asking Price: £582,999
Price change in last one year: £45,889
Average Price Paid: £405,097
Average Rent Rates: £1,848

 
 

Property Prices Breakdown in Greenwich

Average Price for property in Greenwich is around £555,286 which varies based on type of property you are interested in and ranges from £1,418,869 for detached house to around £645,117 for semi-detached. Similarly terraced house is around £643,292 and a flat is worth £426,668. Values have been changing and have risen £778 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,507 in last 6 months, £45,889 in last 1 year, £112,021 in last 2 years, £130,126 in last 3 years, £131,627 in last 4 years and £147,212 in last 5 years.

Currently average asking price of a property in Greenwich is around £582,999 based on approximately 1,273 properties for sale. Same is the case with rental options based on 604 properties up for rent, average asking rent is around £1,848 per month.

Estimated property value in Greenwich is £555,286. Average asking price is £582,999 while average price paid is £458,873 which is up by £45,889 and Avg. asking rent £1,848.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Greenwich area. In last 1 year alone average price buyer paid is around £458,873 based on approximately 1,273 sales in Greenwich area alone. If you compare it to last 3 years sales of 3,372 properties where buyers paid around £425,232. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £405,097 for 5,163 and average amount paid for purchase of approx. 6,470 properties sold in last 7 years comes to about £392,041 per sale.

 
 

Properties For Sale in Greenwich

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £260,000, £529,880 for a 2 bedroom house, £636,217 for a 3 bedroom house, £1,011,747 for a 4 bedroom house and £1,975,909 for a 5 bedroom house. For a flat similarly the prices varies from £314,332 for a single bedroom to £468,500 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £572,207 and £574,475 for a 4 bedroom flat. To sum up the asking prices for properties in Greenwich it comes to around average £313,933 for 1 bedroom property, £475,233 for 2 bedroom, £598,434 for 3 bedroom, £989,323 for 4 bedroom and £1,975,909 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £789 for 1 bedroom to £1,798 for 2 bedrooms, £2,224 for 3 bedrooms, £2,549 for 4 bedrooms and £5,834 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,370. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,811, £2,311 for 3 bedroom and £1,950 for 4 bedroom. You should be generally be expecting around average £1,340 rent per month for single bedroom property, £1,810 for 2 bedroom, £2,277 for 3 bedroom, £2,517 for 4 bedroom and approximately £5,834 for a 5 bedroom property in Greenwich area.

Popular Houses in Greenwich

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Greenwich

Sum it all up

 The Good

- Greenery and Parks
- Historic buildings
- Good transportation
- Riverside setting
- Safe and peaceful

 Best For

- Families
- Professionals

 The Bad

- Can be too quiet at times
- Not much of a nightlife

Transportation in Greenwich

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