Woolwich

A Historic And Proud Riverside District

Area Guide For Woolwich

Branded as one of the cheapest places to live inside London, Woolwich has seen massive regeneration due to the London Olympics. This place acts as a magnet for middle class and working class, who can get a two or three bedroom house for the price of one here.

 
 

Tags

Schools
Pubs
Houses
Park life
Shops
Transportation

Overview

  • The Neighbors

    Woolwich is a fast improving area, which has abundant number of new and second hand houses and flats. Victorian terraces can be found in the streets off Eglinton Hill.

  • Ideal for

    Families, First and second time buyers.

  • Deal Sealer

    Education.

  • Not for

    People looking for upscale posh urban localities.

  • You will Like

    Open spaces, Shops, Transport.

Woolwich Map

Estimated Price: £304,645
Average Asking Price: £305,479
Price change in last one year: £29,880
Average Price Paid: £219,963
Average Rent Rates: £1,273

 
 

Property Prices Breakdown in Woolwich

Average Price for property in Woolwich is around £304,645 which varies based on type of property you are interested in and ranges from £437,222 for detached house to around £343,549 for semi-detached. Similarly terraced house is around £307,717 and a flat is worth £286,223. Values have been changing and have risen £2,380 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,819 in last 6 months, £29,880 in last 1 year, £61,587 in last 2 years, £70,597 in last 3 years, £71,661 in last 4 years and £74,929 in last 5 years.

Currently average asking price of a property in Woolwich is around £305,479 based on approximately 940 properties for sale. Same is the case with rental options based on 322 properties up for rent, average asking rent is around £1,273 per month.

Estimated property value in Woolwich is £304,645. Average asking price is £305,479 while average price paid is £243,668 which is up by £29,880 and Avg. asking rent £1,273.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 Woolwich area. In last 1 year alone average price buyer paid is around £243,668 based on approximately 940 sales in Woolwich area alone. If you compare it to last 3 years sales of 2,553 properties where buyers paid around £227,563. 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 £219,963 for 3,656 and average amount paid for purchase of approx. 4,808 properties sold in last 7 years comes to about £216,041 per sale.

 
 

Properties For Sale in Woolwich

 
 

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 £165,000, £268,518 for a 2 bedroom house, £355,833 for a 3 bedroom house, £407,724 for a 4 bedroom house and £504,286 for a 5 bedroom house. For a flat similarly the prices varies from £226,045 for a single bedroom to £285,251 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £386,952 and £275,000 for a 4 bedroom flat. To sum up the asking prices for properties in Woolwich it comes to around average £225,091 for 1 bedroom property, £282,392 for 2 bedroom, £369,290 for 3 bedroom, £396,664 for 4 bedroom and £504,286 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 £656 for 1 bedroom to £1,244 for 2 bedrooms, £1,315 for 3 bedrooms, £1,621 for 4 bedrooms and £1,196 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,114. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,392, £1,512 for 3 bedroom and £1,311 for 4 bedroom. You should be generally be expecting around average £973 rent per month for single bedroom property, £1,376 for 2 bedroom, £1,370 for 3 bedroom, £1,466 for 4 bedroom and approximately £1,196 for a 5 bedroom property in Woolwich area.

Popular Houses in Woolwich

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 Woolwich

Sum it all up

 The Good

- Variety in Housing
- Excellent Schools
- Great Community Spirit
- Calm
- Great Architecture
- Reasonable Prices

 Best For

- Families
- Professionals

 The Bad

 - Fine Dining Facilities are not available
- Subject to massive regeneration  

Transportation in Woolwich

Browse by Streets in Woolwich