Bermondsey

A Developing Riverside Neighbourhood

Area Guide For Bermondsey

Bermondsey has not always been a popular residential neighbourhood due to its weak transport links. While it has undergone a lot of change and development in recent years, the divide between gentrified and the not so affluent areas is clearly visible.

 
 

Tags

Shopping
Eating
Dining
Restaurants
Pubs
Riverside

Overview

  • The Neighbors

    Modern riverside blocks and lofts coupled with less luxurious accommodation towards the south east.

  • Ideal for

    Rich and middle-class families.

  • Deal Sealer

    Great options for dining out.

  • Not for

    People looking for great transportation services.

  • You will Like

    Pubs and riverside view.

Bermondsey Map

Estimated Price: £495,054
Average Asking Price: £724,567
Price change in last one year: £47,403
Average Price Paid: £369,601
Average Rent Rates: £1,945

 
 

Property Prices Breakdown in Bermondsey

Average Price for property in Bermondsey is around £495,054 which varies based on type of property you are interested in and ranges from £656,362 for detached house to around £537,444 for semi-detached. Similarly terraced house is around £548,071 and a flat is worth £483,370. Values have been changing and have risen £3,563 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,940 in last 6 months, £47,403 in last 1 year, £98,490 in last 2 years, £121,279 in last 3 years, £115,042 in last 4 years and £135,541 in last 5 years.

Currently average asking price of a property in Bermondsey is around £724,567 based on approximately 606 properties for sale. Same is the case with rental options based on 454 properties up for rent, average asking rent is around £1,945 per month.

Estimated property value in Bermondsey is £495,054. Average asking price is £724,567 while average price paid is £441,330 which is up by £47,403 and Avg. asking rent £1,945.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Bermondsey area. In last 1 year alone average price buyer paid is around £441,330 based on approximately 606 sales in Bermondsey area alone. If you compare it to last 3 years sales of 1,939 properties where buyers paid around £392,324. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £369,601 for 2,995 and average amount paid for purchase of approx. 3,787 properties sold in last 7 years comes to about £355,832 per sale.

 
 

Properties For Sale in Bermondsey

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £380,890, £742,333 for a 2 bedroom house, £806,661 for a 3 bedroom house, £939,000 for a 4 bedroom house and £899,995 for a 5 bedroom house. For a flat similarly the prices varies from £444,243 for a single bedroom to £685,360 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,040,569 and £1,083,333 for a 4 bedroom flat. To sum up the asking prices for properties in Bermondsey it comes to around average £440,020 for 1 bedroom property, £687,483 for 2 bedroom, £995,297 for 3 bedroom, £972,307 for 4 bedroom and £899,995 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £1,287 for 1 bedroom to £1,961 for 2 bedroom, £2,562 for 3 bedroom and £3,283 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,584. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,193, £2,524 for 3 bedroom and £2,683 for 4 bedroom. You should be generally be expecting around average £1,574 rent per month for single bedroom property, £2,177 for 2 bedroom, £2,535 for 3 bedroom and approximately £3,026 for 4 bedroom property in Bermondsey area.

Popular Houses in Bermondsey

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Bermondsey

Sum it all up

 The Good

- Riverside views
- Good shopping options
- Good restaurants and cafes
- Good Schools

 Best For

- Rich and middle-class Families

 The Bad

- Some underdeveloped areas
- Poor transportation links
- Mostly independent stores

Transportation in Bermondsey

Browse by Streets in Bermondsey