Woolwich is a great place to live and work thanks to its proximity to Central London and wealth of trendy new build developments. This historic part of Southeast London has so much choice to offer both renters and buyers. Don’t know where to start? HomeViews reviewers bring you their 10 best places to live in Woolwich among its latest property developments.
Note: We know that the title says “5 best places to live in Woolwich”, but since this article was originally posted, we’ve added some new listings to the area! For the full set of all the developments HomeViews ranks in Woolwich, just click on our area guide at the bottom of the page.
What are the best new build developments to live in Woolwich?
The following list ranks the very best new developments in Woolwich, as rated by reviewers on HomeViews. Take a look and see what this exciting area can offer you.
*PLEASE NOTE these rankings take into account how recently reviews have been submitted, so may not match the overall star ratings shown. More recent reviews are given a greater weighting to reflect current building performance.
Living in Woolwich – What to expect
Woolwich has plenty of big plus points – it’s well-connected, affordable, exciting, and close to the river. It’s also surprisingly pretty, given its history as London’s main military arsenal and munitions production centre. Today, the bomb and bullet factories are long gone, replaced with smart riverside apartment towers, gastropubs and regenerated spaces for fitness, the arts and independent commercial spaces to thrive.
Is Woolwich an up and coming area?
Woolwich has ben regarded as an ‘up and comer’ for years. However, we think that it has now truly ‘arrived’. Perhaps the biggest recent change to the Woolwich landscape is the Woolwich Works Project. Opened in September 2021, this is a massive undertaking by the Royal Borough of Greenwich to create a new landmark cultural hub in Woolwich. It involved the restoration of five major buildings of historic significance in the Royal Arsenal area. Now complete, it represents a 15,000-square-metre complex of theatres, dance studios and prime retail space.
What makes Woolwich a good place to live?
Woolwich Works is just the latest of the many large-scale developments that have made Woolwich into a highly desirable destination. It already has great Underground and rail connections. Also, the opening of the Elizabeth Line has made Woolwich even more accessible, with direct access to and from Central London. As an added bonus, London City airport is literally just over the river.
There are also plenty of great parks and green spaces in the area. These include Woolwich Common, and Woolwich Park, with Greenwich Park just a short drive/tube journey away.
Average property prices in Woolwich
The average property price in Woolwich in June 2024 is around £433,000 according to Rightmove. This makes the area significantly more affordable than nearby Greenwich and far below the London average of £697,000. As for renting in Woolwich, you can expect to pay around £2,000 per calendar month, with one-bedroom apartments typically going for an average of £1,770.
The property scene in Woolwich offers great variety. There’s everything from luxury apartment blocks to affordable home estate-based options. Woolwich even has a great portfolio of period homes (particularly Victorian) that help connect the area to its heritage.
Is buying in Woolwich a good investment?
Buying property in Woolwich is still a good investment in 2024. House prices stagnated in the past year, while rental rates are climbing. This makes Woolwich an excellent prospect for buy-to-let investors.
If this quick look at some of the best new developments in Woolwich has inspired you to explore the area further, take a look at our area guide. This will give you more information on what it’s like to live here, and even more developments to buy or rent in Woolwich.
HomeViews is the only independent review platform for residential developments in the UK. Prospective buyers and tenants use it to make an informed decision on where to live based on insights from carefully verified resident reviews. Part of Rightmove since February 2024, we’re working with developers, house builders, operators, housing associations and the Government to give residents a voice, recognise high performers and to help improve standards across the industry.
