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Located Southeast of London, Greenwich is a London borough famous for lending its name to the Greenwich Median and Greenwich Mean Time. Property is in high demand here as it provides residents with the best of both worlds, mixing city and country life perfectly.
With beautiful architecture, spacious parks and The Royal Observatory attracting hundreds of visitors every year, it’s easy to see how you can fall in love with Greenwich, wanting to call it home. Some areas may be known for their high prices but there are affordable areas to be discovered, it just takes a little hunting.
To prepare you before booking a reliable London removal company, Compare My Move has created this guide to explore all the important aspects you need to consider before moving to Greenwich. From property prices to transportation, we’ve compiled a list of everything you need to know about living in Greenwich.
Greenwich isn’t the cheapest London borough, however, it offers a range of diverse accommodation to choose from, all with beautiful and historic architecture to admire. From modern new-builds to gorgeous Georgian terraced houses, you can easily find the perfect home for you.
In the last year, the overall average price for all property types was £470,213 according to Right Move. However, this is much cheaper than London City Centre where the average price was £614,440. The majority of sales in Greenwich were for flats with an average price of £423,384, whilst terraced houses sold for £498,889. The cheapest area within Greenwich last year was Thamesmead with an overall average price of £311,568.
For those considering moving to London, it’s important to calculate the cost of living as well as the possible rent or property price. Living in Greenwich isn’t as expensive as living in London City Centre, but the cost of living still shouldn’t be neglected. According to Numbeo, the current grocery prices in Greenwich is 15.28% lower than in London, but restaurant prices are 11.34% higher meaning that home-cooked meals will save you more here.
For those wishing to rent, the average current asking rent in The Royal Borough of Greenwich according to Zoopla is £1,643 pcm. When you have your monthly wage, it’s important to work out the expendable income that’s needed to pay for necessities like food and bills. Numbeo states that the average monthly cost of basic utilities when living in Greenwich is £134.00, 16.52% cheaper than in London. For those looking to commute, a monthly local transport pass in Greenwich costs around £115.
According to the UK House Price Index, first-time buyers spent an average of £346,236 on their first homes in The Royal Borough of Greenwich during February 2019. To help you with your move, we’ve provided you with a list of 5 areas within Greenwich and the type of property you can purchase in them with a budget of £346,236. All data has been taken from Zoopla’s current asking prices.
|Area Within The Royal Borough of Greenwich||Type of Property||Current Asking Price|
All data collected from Zoopla, correct as of April 2019.
There is also the opportunity to use the Help-to-Buy schemes available to aid you in taking your first steps onto the property ladder as a first-time buyer and help you save for that crucial deposit. Don't forget to compare London conveyancing solicitors to help you save on your conveyancing costs too.
London is known for having the highest salaries in the UK. Even though they aren’t as high as London City Centre’s, Greenwich salaries add to this title. The average yearly income for those working in Greenwich is currently £31,456 according to Adzuna. If the current average rent is £1,643 pcm, we can work out that the average expendable income you could earn per month in Greenwich is £978.30, depending on your job sector and property size.
Business service sectors like IT and communications are currently the fastest growing in The Royal Borough of Greenwich with new offices and light industrial spaces having been built. The University of Greenwich is also a strong facility increasing the number of local job opportunities. As well as tourism, manufacturing and retail, the creative industry is currently thriving with a rise in digital media and affordable work-spaces for artists.
Whether you’re moving to Greenwich with a family or with the hopes of soon starting one, it’s important to check the local schools to see if they suit you and your children’s requirements. There are a number of highly-respected schools in Greenwich, many rated as ‘Good’ or ‘Outstanding’ by Ofsted reports.
To aid you in your research and before you start securing a place, we’ve created a brief list of the top 5 primary and secondary schools in Greenwich using data from School Guide, Ofsted and the Independent Schools Inspectorate (ISI).
The 5 Best Primary Schools in Greenwich:
|Primary School||Location||Age Range||Most Recent Ofsted Rating|
Halstow Primary School
All Saints' Church of England Primary School
Millennium Primary School
Meridian Primary School
The 5 Best Secondary Schools in Greenwich:
|Secondary School||Location||Age Range||Most Recent Report Rating|
Bellerbys College London (Independent)
ISI - Above average
Blackheath High School (Independent Girls School)
ISI - Above average
Prendergast School (Girls School)
Ofsted - Outstanding
Thomas Tallis School
Ofsted - Good
George Green's School
Isle of Dogs
Ofsted - Good
When you’re there, Greenwich can seem like a quiet area millions of miles away from London, but it’s actually situated in Zone 2, only 5 miles from London City Centre. There’s no tube station but there’s a range of reliable buses as well as the Docklands Light Railway (DLR) which you can catch from both Greenwich and Cutty Sark stations. There is also the option of catching a British Rail train from Greenwich Station but they’re often packed during peak times.
According to Numbeo, the average cost of a monthly pass for local transport in Greenwich is £115. Using the DLR you can reach Bank Station within 30-minutes or you can catch a train to reach London King’s Cross Station under 40-minutes. Greenwich is under a 20-minute drive to London City Airport, perfect for those looking to travel further afield.
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