Greenwich property market
In Greenwich (London) the average private rent is £1,952/month (ONS, May 2026) and the average house price is £455,805 (HM Land Registry, April 2026). That puts rent 41% above and house prices 69% above the UK average. The gross rental yield works out at 5.1%.
- Average rent
- £1,952/mo
- +4.4% YoY
- Average house price
- £455,805
- -1.8% 12m
- Gross rental yield
- 5.1%
- UK avg 6.1%
- Price-to-rent
- 19.5
- UK avg 16.3
Rent vs buy in Greenwich
The average home in Greenwich costs about 19.5 years of average rent (price-to-rent ratio 19.5), compared with 16.3 for the UK as a whole. On this market-level signal, buying looks relatively more expensive here than the UK average. This is an arithmetic ratio of the two official figures above — a market indicator, not personal financial advice.
Go deeper
Nearby areas in London
- Bexley£1,528/mo · £408,488
- Havering£1,564/mo · £446,877
- Sutton£1,550/mo · £452,352
- Tower Hamlets£2,419/mo · £457,504
- Enfield£1,788/mo · £465,031
- Hillingdon£1,557/mo · £469,888
Frequently asked questions
- What is the average rent in Greenwich?
- The average monthly private rent in Greenwich is £1,952, according to the ONS Price Index of Private Rents (May 2026), +4.4% over the past 12 months. The UK average is £1,383.
- What is the average house price in Greenwich?
- The average house price in Greenwich is £455,805 (HM Land Registry UK House Price Index, April 2026), -1.8% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Greenwich?
- Dividing the average annual rent (£23,424) by the average house price (£455,805) gives a gross rental yield of 5.1% in Greenwich. This is a "gross" figure — before voids, management, maintenance and tax. The UK-average gross yield on the same basis is 6.1%.
- Is it cheaper to rent or buy in Greenwich?
- In Greenwich the average house price equals about 19.5 years of average rent (price-to-rent ratio 19.5). A higher ratio leans toward renting being relatively cheaper month-to-month; a lower ratio leans toward buying. The UK-average ratio is 16.3. This is a market-level signal, not personal financial advice.
Rent: Office for National Statistics — Price Index of Private Rents, UK: monthly price statistics — edition 17 June 2026, reference May 2026 (ONS PIPR). House prices: HM Land Registry — UK House Price Index (UKHPI), reference April 2026 (UKHPI). Both © Crown copyright, licensed under the Open Government Licence v3.0. Gross rental yield and price-to-rent ratio are computed from these two figures.