Average Rent, House Prices and Buy-to-Let Yield in Greenwich (July 2026)
The average private rent in Greenwich is £1,980 a month (ONS, July 2026) and the average house price £465,132 (HM Land Registry, June 2026): a gross yield of 5.1%, ranked 67 of 316 local authorities.
Rent in Greenwich
The average private rent across all property types is £1,980 a month (+5.6% on a year earlier). The regional median in London is £1,962.
| Property | Per month | Per year |
|---|---|---|
| 1 bedroom | £1,551 | £18,612 a year |
| 2 bedrooms | £1,918 | £23,016 a year |
| 3 bedrooms | £2,225 | £26,700 a year |
| 4+ bedrooms | £2,979 | £35,748 a year |
The bedroom ladder in Greenwich: one to two bedrooms adds 23.7% to the rent, two to three adds 16% and three to four-plus adds 33.9% (England-and-Wales medians 27.3%, 20.9% and 40.9%). The biggest step here is three to four or more bedrooms — the size where an extra room earns most, and the first place to look when comparing a conversion against its cost.
House prices in Greenwich
The average price paid is £465,132 (-0.5% on a year earlier).
| Type | Average price |
|---|---|
| Detached | £1,006,456 |
| Semi-detached | £712,582 |
| Terraced | £545,121 |
| Flat | £355,734 |
Rents are outrunning prices in Greenwich. Rents moved +5.6% over the year against −0.5% for prices — a gap of 6.1 points that lifts the gross yield a buyer sees today. Greenwich ranks 85th of 316 local authorities for rent growth and 261st of 316 for price growth; the England-and-Wales medians are +3.8% and +2.8%.
Gross yield by property type in Greenwich
| Type | Rent / month | Average price | Gross yield | E&W median |
|---|---|---|---|---|
| Flat | £1,918 | £355,734 | 6.5% | 7.5% |
| Terraced house | £2,225 | £545,121 | 4.9% | 5.7% |
| Semi-detached | £2,225 | £712,582 | 3.7% | 4.6% |
| Detached | £2,979 | £1,006,456 | 3.6% | 4.1% |
On these pairings the strongest gross yield in Greenwich is on flats at 6.5%, against an England-and-Wales median of 7.5% for that type; the weakest is detached. Gross figures ignore service charges, which usually make flats the thinnest net yield of the four.
What that means for a landlord
- Gross yield 5.1% (rent × 12 ÷ price) — rank 67 of 316 local authorities; the regional median is 4.5%. Net yield is lower once mortgage interest, insurance, maintenance and voids come off.
- Tenant affordability: referencing at 30× means a household income of about £59,400 a year for the average rent.
- EPC before 2030: 30% of EPCs lodged in Greenwich over the last year were below band C — the level a rented home needs by 1 October 2030 — with 27% at D (EPC ratings in Greenwich).
- Council tax: Band D in Greenwich is £2,108 for 2026/27, and the council charges a 100% second-home premium (council tax in Greenwich).
Lender maths on the averages. At a 5.5% stress rate and 145% rent cover — the common buy-to-let convention — the average rent of £1,980 supports a loan of about £297,931, which is 64.1% of the average price. That falls short of 75% loan-to-value, so a buyer of an average home here needs a larger deposit or a stronger rent to pass the stress test. Both numbers are conventions rather than rules — change them in the stress test.
Run the numbers for Greenwich
- Yield calculator with £465,132 and £1,980 already filled in
- Mortgage stress test at 75% LTV on the average price
- Rent affordability: the income a tenant needs to reference at £1,980 a month
- Rental income tax on £23,760 a year of rent
Nearest neighbours by yield, in London
| Area | Rent | Price | Yield | Rent 12m |
|---|---|---|---|---|
| Lambeth | £2,519 | £548,034 | 5.5% | +4.2% |
| Barking and Dagenham | £1,696 | £371,030 | 5.5% | +2.8% |
| Hackney | £2,644 | £605,442 | 5.2% | +3.2% |
| Islington | £2,854 | £673,384 | 5.1% | +5.9% |
| Southwark | £2,431 | £582,473 | 5% | +3.8% |
| Croydon | £1,581 | £394,736 | 4.8% | +3.3% |
All 316 areas ranked · council tax in Greenwich · EPC ratings in Greenwich.
Rents: ONS, Price Index of Private Rents (average monthly private rent by local authority, July 2026). Prices: HM Land Registry UK House Price Index (average price, June 2026). Gross yield = rent × 12 ÷ price, our calculation. Contains public sector information licensed under the Open Government Licence v3.0; contains HM Land Registry data © Crown copyright and database right 2026. Rankings and medians are ours, across 316 local authorities.
Asked about this area
£1,980 a month across all property types (ONS Price Index of Private Rents, July 2026), up 5.6% on a year earlier.
£465,132 (HM Land Registry UK House Price Index, June 2026).
About 5.1% gross on the averages — £1,980 rent against a £465,132 price — ranking 67 of 316 local authorities. Net yield depends on your mortgage and costs.
Flats on our pairing: 6.5% gross (£1,918 rent on a £355,734 price), against an England-and-Wales median of 7.5% for that type.
Rents +5.6% against prices −0.5% over the year — rents ahead, so yield is rising for a buyer today.
Referencing at 30 times the monthly rent points to roughly £59,400 a year of household income for the average home; the affordability calculator shows 24× and 36× too.