Using data from the Office for National Statistics, neighbourhoods were ranked by median house prices.
The borough boasts a mix of urban and suburban areas, with picturesque streets, riverside views, and expansive green spaces like Greenwich Park.
Known for its maritime history, including the Cutty Sark and the National Maritime Museum, Greenwich also offers a thriving cultural scene, lively markets, and modern developments around the Greenwich Peninsula.
Its excellent transport links, including the Elizabeth Line, Docklands Light Railway, and Thames Clippers, make it a well-connected and desirable location for residents and visitors alike.
Cheapest areas to buy in Greenwich
At the more affordable end of the market, Thamesmead Birchmere Park takes the top spot, with average house prices of £270,000.
Here are Greenwich’s most budget-friendly areas:
- Thamesmead Birchmere Park: £270,000
- Charlton Riverside & Woolwich Dockyard: £299,999
- West Thamesmead: £352,500
- Woolwich South: £362,500
- Eltham South: £380,000
- Woolwich West: £382,000
- Wickham Lane & Winns Common: £387,500
- Plumstead High Street: £392,500
- Plumstead Common & Riverside: £392,500
- Abbey Wood North: £394,500
These areas reflect a mix of urban and suburban settings, many of which are undergoing regeneration. Woolwich and Thamesmead, in particular, benefit from improved transport links, including the Elizabeth Line.
Most expensive areas in Greenwich
At the other end of the scale, Greenwich Town & Park ranks as the priciest neighbourhood, with a median house price of £668,000.
Its charm lies in its historic streets, proximity to the Royal Observatory and Greenwich Park, and vibrant town centre.
Here’s the full list of Greenwich’s most expensive areas:
- Greenwich Town & Park: £668,000
- Eltham Park: £618,000
- Greenwich East: £585,000
- Greenwich Peninsula West: £552,500
- Charlton Slopes: £538,500
- Westcombe Park & Maze Hill: £530,000
- Eltham North: £525,000
- Greenwich Peninsula East: £514,500
- New Eltham: £503,750
- Charlton Village: £500,000
With mortgage rates predicted to fall to around four per cent by the end of 2025, property experts anticipate a stronger housing market.
Buyers are expected to have more negotiating power, especially with the number of available properties at a decade high.
Tim Bannister from Rightmove said: “We think 2025 will continue to be a buyer’s market, providing some breathing room for buyers to find the right home at the right price. However, attractive homes in popular areas are still being snapped up quickly.”
