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.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
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.
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.
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.
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.
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.
The average property in SE28 sold for £338,688 in 2026, with a median of £370,000 across 8 transactions. Prices fell 2.7% compared to the previous year.
| £405,000 |
| 7 Jan 2026 |
60, COURTLAND GROVE SE28 8PB | Semi-detached | £365,000 | 7 Jan 2026 |
45, HILL VIEW DRIVE SE28 0LJ | Terraced | £390,000 | 22 Dec 2025 |
111, GREENHAVEN DRIVE, THAMESMEAD SE28 8FT | Terraced | £450,000 | 22 Dec 2025 |
8, TEASEL CRESCENT SE28 0LP | Terraced | £225,000 | 22 Dec 2025 |
31, GARGANEY WALK SE28 8HU | Flat/Maisonette | £195,000 | 19 Dec 2025 |
1, ARDEN CLOSE SE28 8SL | Terraced | £310,000 | 19 Dec 2025 |
87, WHINCHAT ROAD SE28 0EA | Flat/Maisonette | £140,000 | 18 Dec 2025 |
51, CUMBERLAND HOUSE, EREBUS DRIVE SE28 0GE | Flat/Maisonette | £300,000 | 17 Dec 2025 |
71, NEWMARSH ROAD SE28 8TA | Terraced | £410,000 | 16 Dec 2025 |
11, BENDISH POINT, EREBUS DRIVE SE28 0GJ | Flat/Maisonette | £245,000 | 16 Dec 2025 |
332, GREENHAVEN DRIVE, THAMESMEAD SE28 8FY | Terraced | £520,000 | 16 Dec 2025 |
89, AUSTEN CLOSE SE28 8AY | Other | £380,000 | 16 Dec 2025 |
13, AVOCET MEWS SE28 0DA | Terraced | £365,000 | 15 Dec 2025 |
The most recent recorded sale in SE28 was a flat/maisonette property on Pettacre Close for £287,500 in January 2026. Across the last 20 sales, the median price was £365,000.