Greater London: Property, Schools and Retirement Costs
Across the 5 Greater London locations we cover, the average property price is £504,000 and Band D council tax averages £2,017. Twickenham is the most expensive at £725,000, Woolwich the least at £405,000.
Across the 5 Greater London locations we cover, the average property price is £504,000 and Band D council tax averages £2,017. Twickenham is the most expensive at £725,000, Woolwich the least at £405,000.
Buying a home in Greater London
The county average is £504,000. Across these locations 3 schools hold an Outstanding Ofsted rating and 7 schools are rated Good. School quality is the main reason prices differ between towns a few miles apart.
A 10% deposit on the county average is £50,400. Twickenham runs 44% above that average, so the same deposit reaches further in Woolwich.
Average property price across Greater London
Later life and property wealth in Greater London
Owners aged 55 and over across Greater London sit on an average £504,000 of property value. Typical release at 65 is around £171,360, and interest compounds against the estate from day one.
Downsizing within the county is the alternative most people skip. It costs fees and stamp duty but carries no compounding interest. Both routes are compared in the town guides below.
Retirement costs across Greater London
Band D council tax averages £2,017 across these locations. That is £168 a month before anything else. Authorities set their own rate, so the bill can change with a short move.
Housing is the fixed line in any retirement budget. Each town guide converts the local figure into the pot needed to cover it at a 4% withdrawal rate.
Towns at a glance
| Town | Average price | Band D | Good or better schools | Guides |
|---|---|---|---|---|
| Twickenham | £725,000 | £2,486 | 1 | Mortgage, Equity release, Pensions |
| Chingford | £515,000 | £1,900 | 1 | Mortgage, Equity release, Pensions |
| Uxbridge | £450,000 | £1,900 | 3 | Mortgage, Equity release, Pensions |
| Ilford | £425,000 | £1,900 | 4 | Mortgage, Equity release, Pensions |
| Woolwich | £405,000 | £1,900 | 1 | Mortgage, Equity release, Pensions |
Compare towns directly
Side by side on price, deposit, schools and running costs.
Ask about Chingford
Three details is all we need. You are told before anything is passed to a partner firm.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Guides across Greater London
- Chingford: School Catchments and House Prices in Chingford, How Much Deposit Do You Need to Buy in Chingford?, The Real Cost of Buying a First Home in Chingford, What a Lifetime Mortgage Really Costs in Chingford, Downsizing in Chingford: What You Would Actually Release, Inheritance Tax on a Chingford Home, Council Tax in Chingford: What Band D Really Costs, Stamp Duty on a Chingford Home
- Ilford: School Catchments and House Prices in Ilford, How Much Deposit Do You Need to Buy in Ilford?, The Real Cost of Buying a First Home in Ilford, Downsizing in Ilford: What You Would Actually Release
- Twickenham: School Catchments and House Prices in Twickenham, How Much Deposit Do You Need to Buy in Twickenham?, The Real Cost of Buying a First Home in Twickenham, Downsizing in Twickenham: What You Would Actually Release, Council Tax in Twickenham: What Band D Really Costs
- Uxbridge: School Catchments and House Prices in Uxbridge, How Much Deposit Do You Need to Buy in Uxbridge?, The Real Cost of Buying a First Home in Uxbridge, Downsizing in Uxbridge: What You Would Actually Release
- Woolwich: School Catchments and House Prices in Woolwich, How Much Deposit Do You Need to Buy in Woolwich?, The Real Cost of Buying a First Home in Woolwich, Downsizing in Woolwich: What You Would Actually Release
Check broadband before you make an offer in Greater London
Broadband speeds can vary street by street in Greater London, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
Where are house prices highest in Greater London?
How much is council tax in Greater London?
Does That's Family Finance cover the whole of Greater London?
How do I check broadband speed at a property in Greater London?
Your home may be repossessed if you do not keep up repayments on your mortgage.