2020 Greenwich Property Prices and Values

14th January 2020 posted in Sellers Buyers

There is a lot to be said for staying in touch with property prices and values in your area. If you plan on buying or selling your home, you need to make sure you know the average prices. It is always best to make an informed decision in the property market, and sales prices underpin so many choices people make.

However, you don’t have to be moving to hold an interest in property prices. Many homeowners take more than a passing interest in house prices. If you view your property as an investment, it is useful to know what homes are currently selling for. House prices can also be an interesting talking point with friends and family members. You also have people who like to know what’s going on in their local area.

Therefore, house prices and values are an essential topic, and we will ensure you remain up to date with what is taking place in Greenwich this year.

Rightmove prices for Greenwich

Rightmove state most property sales in Greenwich in the previous year featured flats, with an average sold price of £548,046. The average price for terraced properties was £806,248, while the average price for semi-detached properties was £875,033.

Overall, the average stated price for property in Greenwich over the past 12 months is £597,430. In comparison with local areas, Rightmove class Greenwich as being more expensive than Deptford, Charlton and Kidbrooke. The average price for these areas is £427,726; £482,268 and £468,575 respectively.

In the past year, Rightmove classed sold prices in Greenwich as being 13% up on the 2018 figures, and 10% up on the 2017 prices. In 2017, the average price of houses in Greenwich was £543,618.

Zoopla prices for Greenwich

In the past 12 months of Greenwich property prices, according to Zoopla, the average price was £569,100. Zoopla lists the average value of Greenwich properties as £590,917. In comparing the average price in Greenwich, as stated by Rightmove and Zoopla, the Zoopla is around £30,000 less. The Zoopla figure is based on fewer sales, but in the grand scheme of things, it is not as though it is massively away; and it is reasonable to assume the average property price in Greenwich lies around the £570,000 to £600,000 level.

In the past 12 months, the average price paid for flats is £456,918, while the average price paid for terraced properties is £695,941. The average price paid for semi-detached properties, according to Zoopla, is £747,671; and for detached properties, the average price paid was £1,057,889.

Zoopla only recorded nine sales for detached properties in Greenwich in the past 12 months. This means an outlier may have a more notable impact on the price; however, it is not as though this style of price is uncommon for this style and size of property in London.

If you plan on selling your home in Greenwich in 2020, we can arrange a property viewing for you. No matter what move you want to make in and around Greenwich, make sure you call on a local property market specialist. Contact Hunters Greenwich today, and we will be more than happy to assist you.