Building Surveys & RICS Valuations in Greenwich

Property Market Trends in Greenwich

Greenwich, a borough in Southeast London, is renowned for its rich maritime history, the Royal Observatory, and a dynamic property market that appeals to a wide range of buyers, including families, professionals, and investors.

Historical Charm and Riverside Living

• Greenwich Town Centre: This area is famous for its historic market, maritime history, and beautiful architecture. It offers a mix of properties, including Georgian and Victorian houses, as well as modern apartments, appealing to those who appreciate a blend of history and contemporary living.
• Greenwich Peninsula: This rapidly developing area along the Thames is seeing significant investment, with new residential developments, entertainment venues, and the O2 Arena, attracting a younger, professional crowd.

Suburban Feel and Family Appeal

• Blackheath and Westcombe Park: Known for their spacious Victorian and Edwardian homes and proximity to the heath, these areas are popular among families and professionals seeking a quieter, more suburban environment.
• Charlton: Offering more affordable housing compared to other parts of Greenwich, Charlton is attractive for its larger homes, good schools, and community feel.

Growth and Connectivity

• Woolwich: Undergoing regeneration with the Woolwich Arsenal development and the upcoming Crossrail (Elizabeth Line) station, Woolwich is becoming an increasingly popular area for investment and development.
• Eltham and Kidbrooke: These areas offer a range of housing options, from post-war homes to new developments, and are gaining popularity due to their relative affordability and ongoing development projects.

Influencing Factors

• Transport Links: Greenwich’s strong transport links, including the DLR, railway services, and upcoming Crossrail, make it highly accessible and attractive to commuters.
• Green Spaces and Lifestyle: The borough’s numerous parks, including Greenwich Park, and cultural attractions like the Cutty Sark and the National Maritime Museum, contribute to a high quality of life.
• Education and Community: With a variety of schools and a strong community ethos, Greenwich is a sought-after location for families.

Staying informed about Greenwich’s property market trends is crucial for those looking to invest in an area known for its historical significance, green spaces, and improved transport links.

Sources

• Rightmove: Greenwich Property Market
• Royal Borough of Greenwich – Regeneration

Structural Condition and Common Issues in Greenwich

Greenwich’s property market features a blend of historic architecture, notably in areas like Greenwich Town Centre, alongside more modern residential developments.

Common Types of Properties

• Historic Properties in Greenwich Town Centre: These can include period houses near the Maritime Museum and the University, offering character but possibly requiring updates for modern living and energy efficiency.
• Victorian and Edwardian Terraces: Common in residential areas like Westcombe Park, these homes often need modernisation, particularly in terms of heating, insulation, and electrical systems.
• Post-War and Modern Homes: Areas like North Greenwich and along the Thames feature newer developments, offering contemporary living but should be evaluated for construction quality and energy efficiency.

Structural Issues to Look Out For

• Damp and Insulation: Older properties, especially terraced homes, can be prone to damp issues, necessitating improvements in damp-proofing and insulation.
• Roofing Condition: The condition of roofing in both historic and mid-century homes is essential, as maintenance or replacement can be significant expenses.
• Subsidence: Some parts of Greenwich, particularly those with clay soil foundations, may be more prone to subsidence, so a thorough structural survey is advisable.

Key Checks Before Purchase

• RICS Home Survey: A comprehensive survey is crucial for uncovering any hidden structural issues that could impact the property’s value and future maintenance requirements.
• Energy Performance Certificate (EPC): Provides an overview of the property’s energy efficiency and suggests areas for improvement.
• Local Planning and Development: Keeping informed about local planning and development projects is important, as these can impact property values and the quality of life in the area.

Understanding the structural conditions and common issues in Greenwich’s properties will assist buyers in making informed decisions, ensuring they are aware of any potential maintenance or renovation needs.

Sources

• Royal Institution of Chartered Surveyors (RICS) – Home Surveys
• Royal Borough of Greenwich – Planning and Building Control

Local Amenities in Greenwich

Greenwich, part of Southeast London, is known for its maritime history, the Royal Observatory, and the Greenwich Meridian Line. It offers a mix of cultural heritage, green spaces, and urban amenities.

Food and Drink

• Diverse Dining: Greenwich boasts a range of dining options, including riverside eateries, historic pubs, and international cuisine restaurants.
• Local Markets: Greenwich Market is a notable spot for foodies, offering a variety of street food, artisanal products, and local produce.

Shopping

• Greenwich Town Centre: Offers a blend of independent shops, antique markets, and arts and craft stalls, alongside some high-street stores.
• Retail Parks: Nearby retail parks, like the Charlton Shopping Park, provide additional shopping options with larger chain stores.

Health and Fitness

• Leisure Centres: Facilities such as the Greenwich Centre offer swimming pools, gym facilities, and fitness classes.
• Parks and Open Spaces: The borough is known for its green spaces, including Greenwich Park, one of London’s Royal Parks, offering stunning views and ample recreational opportunities.

Cultural Venues

• Historical Sites and Museums: Key attractions include the Royal Observatory, the National Maritime Museum, and the Cutty Sark.
• Theatres and Arts Venues: The Greenwich Theatre and the O2 Arena host a range of performances, concerts, and cultural events.

Education

• Schools: Greenwich has a variety of educational institutions, including state and independent schools.
• Higher Education: The University of Greenwich is a major educational and architectural landmark in the borough.

Transport Links

• Rail and DLR Services: Greenwich is well served by rail and DLR stations, providing easy access to central London and other areas.
• River Services: The Thames Clippers riverboat service offers a scenic route to and from central London.

Healthcare

• Hospitals and Clinics: Queen Elizabeth Hospital in Woolwich and various health clinics and GP practices serve the borough’s healthcare needs.

Greenwich’s combination of historical significance, cultural attractions, and urban amenities make it a unique and desirable area to live in and visit.

Sources

• Royal Borough of Greenwich: Parks, Leisure and Culture
• Greenwich Time: Local News

Commute and Transportation Options in Greenwich

Greenwich, a historic borough in Southeast London, offers a variety of transportation options, blending its rich maritime history with modern connectivity:

Public Transport

• DLR (Docklands Light Railway): Greenwich and Cutty Sark stations provide DLR services, offering convenient access to Canary Wharf, the City of London, and Stratford.
• Train Services: Greenwich Railway Station, along with nearby Maze Hill and Westcombe Park stations, offers regular services to London Bridge, Cannon Street, and other parts of London, operated by Southeastern Railway.
• Riverboat Services: Thames Clippers provide riverboat services from Greenwich Pier, a scenic and unique way to travel to Central London and other riverside destinations.

Car and Motorway Access

• Major Roads: The A2 and A206 run through Greenwich, providing routes to Central London and connections to the M25 motorway.
• Parking: There are various parking options in Greenwich, including on-street parking and public car parks, especially near major attractions like the Royal Observatory and Greenwich Park.

Taxis and Ride-Shares

• Local Taxi Companies: Numerous taxi firms operate in Greenwich, offering services within the borough and to destinations such as Central London and airports.
• Uber: Uber and other ride-sharing services are available in Greenwich, providing additional travel options.

Cycling and Walking

• Cycling: Greenwich Council promotes cycling, with bike lanes and routes available. The borough is part of the London Cycle Network, offering pleasant rides along the Thames Path and through Greenwich Park.
• Walking: Greenwich is known for its pedestrian-friendly areas, including the historic town centre, Greenwich Market, and the UNESCO World Heritage maritime sites.

Future Developments

• Transport Infrastructure Improvements: Ongoing projects aim to enhance public transportation, road networks, and facilities for cyclists and pedestrians, improving accessibility and sustainability in Greenwich.

Greenwich’s transport system, particularly its DLR and riverboat services, make it an attractive area for residents and tourists, offering easy access to London’s key destinations while retaining its unique character.

Sources

• Southeastern Railway: Greenwich Station
• Thames Clippers: Greenwich Pier

Planning Permission and Land Covenants in Greenwich

In Greenwich, property development and modifications must comply with specific planning permissions and land covenants. These regulations ensure that any development aligns with local urban planning strategies and legal requirements.

Types of Planning Permission

• Outline Planning Permission: This preliminary stage establishes the principle of a proposed development, requiring detailed plans for full approval at a later stage.
• Full Planning Permission: Essential for specific construction works or significant alterations, this detailed permission must be obtained before commencing any project.
• Permitted Development Rights: Some minor improvements and extensions may not require full planning permission. However, it’s advisable to check with the Royal Borough of Greenwich, especially in conservation areas or for properties with special designations.

Common Land Covenants in Greenwich

• Restrictive Covenants: These are legally enforceable conditions that can limit how a property is used or developed, such as prohibiting certain types of construction or specifying the use of the property.
• Positive Covenants: These require property owners to perform specific actions, like maintaining a shared facility or contributing to communal infrastructure.

Factors to Consider

• Local Plans: The Royal Borough of Greenwich’s Local Plan sets out policies and guidelines for development, influencing decisions on housing, commercial spaces, and environmental sustainability.
• Conservation Areas and Listed Buildings: Additional planning controls may apply to properties within conservation areas or those designated as listed buildings, aimed at preserving architectural and historical heritage.

Local Sources of Help

• Royal Borough of Greenwich Planning Services: Offers guidance on planning applications, including advice on local planning regulations and policies.
• Land Registry: The official source for information on property ownership and details of any land covenants.

Tips for Navigating the System

• Pre-application Consultation: Engaging with planning officers before submitting a formal application can provide valuable insights into potential planning constraints and the likelihood of approval.
• Legal Advice: Considering the complexities of land covenants and specific local regulations, seeking legal advice can help clarify their implications for your property.

By understanding the planning permissions and land covenants in Greenwich, property developers and owners can ensure that their projects are compliant with local regulations and contribute positively to the area’s urban development.

Sources

• Royal Borough of Greenwich: Planning
• HM Land Registry