Property Market
Architecture: Greenwich town centre is dominated by Georgian architecture, with some of London’s finest examples concentrated along Crooms Hill, Hyde Vale and Royal Hill. These streets feature Grade II-listed townhouses dating from the 17th to 19th centuries, many with original sash windows, cornicing and walled gardens. Victorian terraces are widespread in East Greenwich and around Trafalgar Road, typically offering bay windows, tiled hallways and higher ceilings than their later counterparts. The Ashburnham Triangle conservation area contains nine streets of stuccoed 1820s terraces. Further out, Edwardian and 1930s semi-detached houses appear around the edges of Greenwich Park, while post-war estates and council-built housing feature more prominently towards Thamesmead.
Sought-after property: The most sought-after streets for period properties include Crooms Hill, Hyde Vale, Royal Hill, and the roads within the Ashburnham Triangle. Crooms Hill, described by Pevsner as some of Greenwich’s finest domestic architecture, runs alongside Greenwich Park and commands some of the area’s highest prices, particularly for Grade II-listed Georgian houses.
Developments: The single largest development in Greenwich is the Greenwich Peninsula regeneration, led by Knight Dragon. This £8.4 billion, 30-year programme has so far delivered over 3,000 homes out of a planned 17,500, alongside 48 acres of public open space, the Design District and new commercial floor space.
Peninsula Riverfront and Upper Riverside are among the completed phases, with further plots under construction in partnership with Mace under a £2 billion framework agreement. A new all-through school for 2,000 pupils is also part of the masterplan. Elsewhere, smaller infill developments continue across East Greenwich and the town centre, typically converting or extending period buildings.
Property prices: According to ONS data, the average house price in the Royal Borough of Greenwich was £475,000 in November 2025 (provisional), down 1.3% from £481,000 a year earlier. First-time buyers paid an average of £421,000. For context, the London-wide average stood at £553,000 in the same period.
Rightmove data for Greenwich specifically shows an overall average sold price of £550K over the last year, with flats averaging £461K, terraced properties around £865K, and semi-detached homes at approximately £903K. Rightmove reports that sold prices were 8% below the previous year, and 13% down from the 2022 peak of £632K. On the Greenwich Peninsula, the average sold price over the last 12 months was £488K, down 10% year-on-year.
Rental market: The average monthly private rent in Greenwich was £1,927 in December 2025, according to ONS figures, up 3.8% from £1,855 in December 2024. This is below the London-wide average of £2,268, making Greenwich relatively more affordable for tenants while still offering solid returns for landlords. One-bed rents rose by 4.2% over the year, while four-or-more-bed properties increased by 3.1%. Terraced property rents increased by 4.0%, and detached properties by 3.0%.
The proximity to Canary Wharf and strong transport links to central London underpin consistent tenant demand, particularly for one and two-bed flats near North Greenwich and along the DLR corridor. For landlords considering guaranteed rent, the steady upward trend in rents and low void risk in this area make Greenwich a strong proposition.