Market outlook for SE28
Key indicators for buyers
The SE28 market is moderately favourable for buyers. Prices have softened (-2.7%), which could present a buying opportunity. 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 £338,688 with a 25% deposit (£85k), a 2-year fixed mortgage at 3.97% costs around £1,337 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SE28 avg. price with Greenwich rental data
Monthly mortgage payments (£1,337) are £606 less than renting (£1,943). However, buying requires an upfront deposit of £85k — it would take around 5 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 |
|---|---|---|---|
FLAT 17, LONG ACRE HOUSE, PETTACRE CLOSE SE28 0PA | Flat/Maisonette | £287,500 | 26 Jan 2026 |
248, TIDESLEA PATH SE28 0NH | Flat/Maisonette | £175,000 | 22 Jan 2026 |
3, ARDEN CLOSE SE28 8SL | Terraced | £402,000 | 12 Jan 2026 |
24, GOOSANDER WAY SE28 0ER | Semi-detached | £375,000 | 9 Jan 2026 |
7, EREBUS DRIVE SE28 0GB | Flat/Maisonette | £285,000 | 9 Jan 2026 |
31, WALSHAM CLOSE SE28 8ND | Semi-detached | £415,000 | 9 Jan 2026 |
78, TITMUSS AVENUE SE28 8DJ | Terraced |
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.