Property trends for SE9

    SE9 covers Greenwich and Eltham in south-east London, sitting on the Thames's south bank east of central London. It is a residential area with good transport links, blending established suburban character with pockets of modern development.

    At a Glance

    Average Property Price - SE9

    £507,937

    81

    National percentile

    Average Monthly Rent - SE

    £2,081

    92

    National percentile

    Average Net Household Income - SE9

    £50,798

    90

    National percentile

    Flat / Maisonette Yield - SE

    4.9%

    20

    National percentile

    10-Year Annualised Price Growth - SE9

    3.9%

    61

    National percentile

    10-Year Annualised Rent Growth - SE

    3.6%

    31

    National percentile

    Property Price & Volume Trends

    The latest average property price in SE9 is £508,000, placing it among the most expensive nationally. Over the past decade, prices have grown at 3.9% per year—broadly in line with the national trend. Transaction activity has softened recently, with 551 sales in the latest full year compared to a 10-year average of 680, suggesting a below-trend market.

    Rent & Yield Trends

    Average monthly rent in the broader SE postcode area stands at £2,081, among the highest nationally. Rental growth over the past decade has been 3.6% per year, somewhat slower than the national pace. The current flat yield of 4.9% is notably higher than the 10-year average of 3.8%, indicating an improving return environment for rental investors.

    Income & Affordability Trends

    Average household income of £50,798 places SE9 among the most affluent areas nationally. The price-to-income ratio of 9.8x has improved from 10.1x in 2016, indicating that property has become more affordable relative to earnings. Rental affordability has also strengthened markedly, with the rent-to-income ratio falling from 46.6% to 42.7% over the same period.

    Resident Demographic Profile

    The area has a notably high proportion of families with children, with under-15s comprising 20.2% of the population—above the national average of 17.5%. The 35–49 age group is also overrepresented at 22.2%. The housing tenure profile shows a strong emphasis on mortgage ownership (30.6%) and social rented properties (24.1%, well above the national 16.5%), suggesting a mixed-income area. The employment mix is skewed towards professionals and managers (22.5% and 14.4% respectively), with administrative roles (11%) also notably prevalent.

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