Market outlook for SE2
Key indicators for buyers
The SE2 market presents a mixed picture for buyers. Prices are rising at 80.2%, which may favour acting sooner rather than later. Affordability has improved from a peak of 14.1x in 2022 to 12.0x today. Rising rents (£1,943/mo, +4.3%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Greenwich area
A home in Greenwich costs 12.0x the local median salary — very stretched, improving from a peak of 14.1x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Greenwich area
Average monthly rent in Greenwich is £1,943, up 4.3% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Greenwich price of £742,889 with a 25% deposit (£186k), a 2-year fixed mortgage at 3.97% costs around £2,932 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SE2 avg. price with Greenwich rental data
Monthly mortgage payments (£2,932) are £989 more than renting (£1,943). However, buying requires an upfront deposit of £186k — it would take around 20 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
45, HOWARTH ROAD SE2 0UL | Terraced | £480,000 | 28 Jan 2026 |
155, HOWARTH ROAD, ABBEY WOOD SE2 0UW | Terraced | £570,000 | 23 Jan 2026 |
51, BIRKDALE ROAD SE2 9HU | Terraced | £360,000 | 19 Jan 2026 |
47, WILLROSE CRESCENT SE2 0LG | Terraced | £575,000 | 19 Jan 2026 |
131, HARROW MANORWAY SE2 9XJ | Flat/Maisonette | £300,000 | 14 Jan 2026 |
79, AMBERLEY ROAD SE2 0SG | Semi-detached | £360,000 | 14 Jan 2026 |
THE COTTAGE, BOSTALL HILL SE2 0GD | Other |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.