Part of the Royal Borough of Greenwich, Woolwich has truly arrived as a great place to live and work. Thanks to major property developments, crowned by the creation of the Royal Arsenal Riverside, this historic part of Southeast London has so much choice to offer renters and buyers. Don’t know where to start? HomeViews reviewers bring you their 5 best places to live in Woolwich among its latest property developments.
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.
Perhaps the biggest upcoming change to the Woolwich landscape is the Woolwich Works Project. Due to open in September 2021, this is a massive undertaking by the Royal Borough of Greenwich to create a new landmark cultural hub in Woolwich. It involves the restoration of five major buildings of historic significance in the Royal Arsenal area. Once complete, it will represent a 15,000-square-metre complex of theatres, dance studios and prime retail space.
This 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 completion of the new Crossrail station in 2022 will make Woolwich even more accessible. 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 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.
The average property price in Woolwich in August 2021 is around £350,000. This makes the area significantly more affordable than nearby Greenwich. As for renting in Woolwich, you can expect to pay around £357 per week, with plenty of options closer to £250.
5 best places to live in Woolwich
Now you have a good overview of what the wider area can offer, it’s time to take a closer look. The following list includes some of the best new developments in Woolwich, as rated by reviewers on HomeViews.
*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.
4.18 (345 reviews)
4.18 (345 reviews)
Unsurprisingly, the biggest and most exciting ongoing development in Woolwich in decades is at the top of our list. Nestled in the prime location alongside the River Thames, Royal Arsenal Riverside is a beautiful riverside neighbourhood comprising one, two and three bedroom apartments and premium apartments. This well-connected community has everything you need on your doorstop. With a buzzing retail hub and the forthcoming Woolwich Works, this rapidly emerging bright spot is set to rival the South Bank.
At number 2, Trinity Walk is a large residential development of 445 apartments and 13 townhouses developed by Lovell Homes. Properties are available as a mix of affordable rents, private purchases or as part of the London Help-To-Buy scheme. The development itself is conveniently places a six-minute walk from Woolwich Arsenal Station and a mile away from the new Crossrail Station at Woolwich, which will open next year.
Taking our list’s third spot is Woolwich Central, a mixed-use Spenhill development, designed by Sheppard Robson architects. The complex has a Tesco superstore located on the ground level, with 259 one, two and three-bedroom apartments situated over the retail area. Woolwich Arsenal Station is the nearest transport link, just short walk from the development, and it offers rail and DLR services.
Next up we have Mast Quay, a Comer Homes development made up of 181 apartments with 1, 2 or 3 bedrooms. Residents here benefit from secure parking, communal roof top gardens, a concierge and from being located 5-minutes’ walk from Woolwich Arsenal station, Woolwich Market and the high street.
3.81 (4 reviews)
3.81 (4 reviews)
Lastly, The Royal Herbert Pavilions was built in 1865 as a hospital, but wasn’t reconstructed into luxury apartments until 1990 by a developer with specialist experience in historical site restoration. Today, it offers 228 apartments set into a development complete with a lounge/bar sympathetically converted from a vaulted brick cellar, a heated swimming pool with spa, solarium and gym.
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 provides verified resident reviews of the UK’s housing developments. We’re working with developers, house builders, operators, housing associations and the Government to recognise high performers and help improve standards in the built environment.