Set on the south bank of the River Thames, Greenwich has a number of royal connections, particularly as the birthplace of many significant members of the House of Tudor. Greenwich is a large area and is divided into the East and West sections with the historic old town in the centre.
The Greenwich streets are leafy ones with a number of large Georgian town houses and Georgian or Victorian terraces up for grabs. The area is now under major redevelopment, with new blocks of flats and duplex apartments appearing, which has created many new properties for sale in Greenwich.
Greenwich Park is a beautiful open space that attracts many visitors from the surrounding areas. It is London’s oldest Royal Park and is situated on a hilltop with impressive views of many of the sights of London.
The Greenwich station connects to Charing Cross and the Docklands Light Railway stops at both Greenwich station and the Cutty Sark station and offers a connection to Canary Wharf. As well as a range of bus routes there are also river boat services running from Greenwich Pier into the centre of London.
The area now has Royal Borough status, which was awarded as part of the recent Diamond Jubilee. This was largely due to its connections to the royal family and the fact that it is a UNESCO World Heritage Site.
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The price of property for sale in Greenwich has increased by 14% in the last year, driving the average property price to just over £500,000.
The area has seen a healthy growth since the year 2000, when prices were sat at a more modest £196,000. A four bedroom property in the area can command a rental price of £554 per week.
Some of the highest value streets in Greenwich include Gloucester Circus, Crooms Hill, Eliot Place, Morden Road and Westgrove Lane. If you are looking for some form of property investment in Greenwich then these are amongst the most sought after areas.
The rental market has been boosted by the large number of students in the area attending the University of Greenwich, the Royal Hospital School and Trinity Laban Conservatoire of Music and Dance.
There are a number of unique attractions to be found in Greenwich, with one of the most interesting being the Royal Observatory.
The National Maritime Museum can also be found in Greenwich and is of great interest to naval historians, alongside the Old Royal Naval College.
Following on the theme of maritime history is the Cutty Sark, once the fastest sailing ship of her day, she is now being preserved in a dry dock in Greenwich.
Greenwich has good sporting connections, with parks of Greenwich Park being used for the London 2012 Olympic and Paralympic Games.
The O2 music and entertainment venue is one of the most recognisable attractions in the area, which has also helped to increase the demand for property for sale in Greenwich as it attracts thousands of visitors each year.