UK

Greenwich house prices fall by hundreds – how much your home could be worth

House prices in Greenwich have gone down by an average of over £2,000 in the month of May, according to figures from the Land Registry.

The latest data from the government department reveals that in May 2022 average house prices in Greenwich reached £419,437.

This was down from £421,669 in April, representing a 0.5 per cent decrease. In the last 12 months it has risen by 4.7 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Greenwich here.

Breaking it down for specific types of housing, some prices saw an increase despite the general fall.

  • Detached houses – Down to £911,707 from £913,650 in April
  • Semi-detached houses – Up to £641,649 from £641,036 in April
  • Terraced houses – Up to £478,214 from £477,489 in April
  • Flats – Down to £349,875 from £354,448 in April

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Despite the fall in prices this month, Greenwich is still well above the UK average with a typical property value in the nations reaching £283,496 in May.

In cash terms, the average house price in May was £32,210 higher than a year earlier with house price growth accelerating to 12.8 per cent in May 2022. Prices were up by 1.2 per cent month on month.

We have created this map for the London so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Greenwich are the most expensive for average house prices.



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