Market outlook for SE3
Key indicators for buyers
The SE3 market is moderately favourable for buyers. Prices have softened (-43.7%), 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 £374,500 with a 25% deposit (£94k), a 2-year fixed mortgage at 3.97% costs around £1,478 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SE3 avg. price with Greenwich rental data
Monthly mortgage payments (£1,478) are £465 less than renting (£1,943). However, buying requires an upfront deposit of £94k — it would take around 6 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 D, 9, BENNETT PARK SE3 9RA | Flat/Maisonette | £414,000 | 15 Jan 2026 |
84, GRAYSTON HOUSE, 1, OTTLEY DRIVE SE3 9FP | Flat/Maisonette | £335,000 | 9 Jan 2026 |
58, MALTBY HOUSE, 2, OTTLEY DRIVE SE3 9FJ | Flat/Maisonette | £499,999 | 22 Dec 2025 |
FLAT 805, CAIRNCROSS HOUSE, 17, TOWNSEND ROAD SE3 9EG | Flat/Maisonette | £600,000 | 22 Dec 2025 |
40, MAYDAY GARDENS SE3 8NN | Semi-detached | £530,000 | 22 Dec 2025 |
101, ST JOHNS PARK SE3 7JW | Terraced | £675,000 | 19 Dec 2025 |
61, PARAGON PLACE, BLACKHEATH SE3 0SP |
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.