Greenwich Property Market
Image Credit: Wikipedia
Situated in South-east London, Greenwich is a historical town with leafy streets and modern developments. A sought after area to rent amongst couples and young professionals, and due to its close proximity to Canary Wharf a working hub. This Royal borough with a naval history also is home to a strong student presence due to the University of Greenwich.
Georgian houses, cottages and terraces are all typical property types in the area. To the west of Greenwich nearer the park there are a number of large Georgian houses, for more affordable housing it is better to head towards Blackwall. There are Victorian and Georgian houses to choose from closer to the centre.
Once a rural area in the 18th C, Greenwich has a rich heritage, originally a holiday resort, there are a number of attractions such as the Observatory, the Cutty Sark and the National Maritime Museum, property near these landmarks are more expensive, the further away the less affluent the area becomes and the more affordable the housing.
In terms of SE10, East Greenwich is generally cheaper than West Greenwich.
The average property value in Greenwich currently stands at £534, 744, as of May 2015. The current rental prices range from as little as £700 for a 1-bedroom house to nearly £5,000 for a 5-bedroom property per month; the average rental per week currently stands at £534. One to two-bedroom rentals are the most sought after in the area.
The current development by Knight Dragon will see 190 acres of land being re-developed into housing, with an estimated 10,000 new homes on the horizon for the area.
Standard of Living in Greenwich
A family area, full of young professionals and commuters, it is generally seen as a suburban area. It boasts very beautiful parks to while away your weekends and benefits from being close to the centre of London. A fairly quiet place to live and with good crime rates for the city. Greenwich Park is particularly beautiful, and the roads surrounding here are lined with trees, there is an appealing village feel to Greenwich hence its popularity among families.
There is a vast array of art galleries, restaurants, cafes and bars in the area, the nightlife is quieter than some other London boroughs, but with a number of traditional pubs and the centre close enough should you wish for something more lively.
Other Living necessities in Greenwich
In terms of supermarkets, there is a Sainsbury’s ad Co-operative on Greenwich High Road and an Iceland’s, Marks and Spencer’s Simply food and Tesco Express on Trafalgar Road. Greenwich also has a number of bakeries and Delis, for cheese lovers ‘ The Cheeseboard’ sells more than 100 cheeses from all over Europe and the UK.
The area has good schools to choose from, including the top rated primary schools: James Wolfe primary school, St Alfedge with St Peter’s Church of England primary school and Meridian primary school, all of which were rated good by Ofsted. With regard to secondary schools, St Ursula’s Covent school achieved outstanding by Ofsted and Bellerbys College London achieved good.
There are a good number of places of worship in the area for a range of religions. West Greenwich and East Greenwich are both home to a library too.
Places to visit near Greenwich
There are many places to visit near Greenwich; situated by the Thames it is the ideal base to explore from, with the city being so close. Take a boat cruise down the river to Westminster for example or south of Greenwich is Canary Wharf and the Docklands, home to the Royal Docks, Woolwich is also nearby.
Greenwich Council Tax
For the tax year 2015-2016 council taxes in Greenwich currently stand at Band A costing £918.35 per annum, Band E £1,683.64 per annum and £2,755.04 for Band H.