Greenwich Housing Market and Transport Links

As a landlord, it’s important to consider the buy-to-let housing stock available in Greenwich. With its prime location in London and excellent transport links, Greenwich is an attractive option for renters.

The volume of housing

When it comes to the type and volume of residential properties in Greenwich, there is a diverse range of options available. The overall volume of housing in the area is quite high, with a good mix of 1 bedroom, 2 bedroom, and 3 bedroom flats and houses. Compared to the average in London,, Greenwich has a higher volume of 1 and 2 bedroom properties, making it an ideal location for those looking to invest in smaller properties.

Rent vs Owner Occupier

Greenwich has a relatively high rate of renting compared to the average in London. Roughly 60% of the housing stock in the area is for rent, while the rest is occupied by owners. This is an important factor to consider when choosing a buy-to-let location, as a higher rate of renting generally indicates a higher demand for rental properties.

Average House Price

The average house price in Greenwich varies depending on the type and number of bedrooms. 

• 1 bedroom flats and houses typically range from £200,000 to £350,000
• 2 bedroom properties from £350,000 to £500,000
• 3 bedroom properties from £450,000 to £600,000. 

These prices are slightly higher than the average in London but still relatively affordable for the prime location.

Age of Housing Stock

The age of the housing stock in Greenwich is diverse, with a mix of old and new properties. There are a number of new build properties in the area, which is an important factor to consider when choosing a buy-to-let location because new builds generally have lower maintenance costs and higher energy efficiency.

Housing Development

There are several major housing development projects currently underway in Greenwich, including the Greenwich Millennium Village and the Greenwich Peninsula. To find out more about these and other major housing developments in the area, you can visit the website of the Royal Borough of Greenwich or the Greenwich Peninsula website. https://www.royalgreenwich.gov.uk/

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Transport Links

Greenwich, a historic town located in southeast London, has a variety of transport links that connect it to the rest of the city and beyond.

One of the main modes of transportation in Greenwich is the London Underground. The Jubilee line stops at North Greenwich, which is located just outside of Greenwich. This station provides access to central London, including popular destinations such as Westminster and London Bridge. In addition to the Underground, Greenwich is also served by several bus routes that connect it to various parts of London. The 188, 199, 286, 386, and 486 bus routes all stop in Greenwich and provide access to places such as Lewisham, Stratford, and London Bridge.

For those who prefer to travel by train, Greenwich also has a railway station, which is served by Southeastern trains. The station provides regular services to destinations such as London Bridge, Charing Cross, and Cannon Street. Cycling is another popular mode of transportation in Greenwich, with several dedicated cycle lanes and the Barclays Cycle Hire scheme available for use. Finally, for those who prefer to travel by boat, Greenwich is also served by Thames Clippers river bus services. These services provide access to popular destinations such as London Bridge, the London Eye and the Tower of London.

In conclusion, Greenwich is a diverse and well-connected area in southeast London with a high volume of housing options. The mix of 1, 2, and 3 bedroom properties, as well as a relatively high rate of renting, make it an attractive location for those looking to invest in smaller properties. The average house price in Greenwich is slightly higher than the average in London, but still relatively affordable for the prime location. In addition, Greenwich has a well-connected transport network that allows residents and visitors to easily access the rest of London and beyond.

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