The average property value in Greenwich is £507,770 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Greenwich grew by £4,422. Compare house prices by area
Average property prices in Greenwich grew by 0.9% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.5% per year.
If prices in Greenwich continue to rise by 5.5% a year, the average property price will be £629,168 in 2025.
There were 2,900 property sales in Greenwich in the year ending June 2021, an increase of 120 when compared to the previous year.
The average price for a house in Greenwich ranges from £542,977 for a terraced house to £1,032,159 for a detached house, with semi-detached in between costing on average £598,279.
The average price for a flat or maisonette in Greenwich is £424,832.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Greenwich, semi-detached house prices have risen the most between the years ending 2011 and 2021, and detached house prices have grown the least.
Detached house prices have risen 47.2% from £701,207 to £1,032,159, semi-detached house prices have risen 81.5% from £329,676 to £598,279, terraced house prices have risen 81.4% from £299,254 to £542,977, and flat prices have risen 65.4% from £256,851 to £424,832.
The most common type of property sold in Greenwich during the year ending June 2021 was flats, which accounted for 46.2% of properties.
The least commonly available type of property sold in Greenwich were detached houses, which account for 2.3% of properties sold.
Of the properties sold in Greenwich during 2021, 7.5% were new build properties.
The average price paid for a new build property in Greenwich was £64,063 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (99% of new build properties sold). For existing properties, the most common type is terraced houses (44% of existing properties sold).
The most common price band for property sales in Greenwich is £400k - £500k, which accounted for 15.5% of properties sold in 2021.
2.4% of properties in Greenwich had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Greenwich were in the £50k - £100k price bracket, accounting for 0.2% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics