Southwark

A Cultured Neighbourhood with a View of the Future

Area Guide For Southwark

Located south of the London Bridge, Southwark presents a stunning view of London’s future thanks to the large amounts of money spent in its regeneration. The neighbourhood was not so desirable in the 19th century but the makeover has changed its face entirely.

 
 

Tags

Art
Shopping
Markets
Restaurants
Pubs
Riverside

Overview

  • The Neighbors

    A variety of housing options from terraces to modern flats and council blocks.

  • Ideal for

    Young professionals and artists.

  • Deal Sealer

    Riverside setting.

  • Not for

    People looking for a calmer neighbourhood.

  • You will Like

    Borough Market, restaurants and pubs.

Southwark Map

Estimated Price: £677,345
Average Asking Price: £1,258,148
Price change in last one year: £63,200
Average Price Paid: £519,937
Average Rent Rates: £2,333

 
 

Property Prices Breakdown in Southwark

Average Price for property in Southwark is around £677,345 which varies based on type of property you are interested in and ranges from £879,010 for detached house to around £629,732 for semi-detached. Similarly terraced house is around £730,149 and a flat is worth £672,826. Values have been changing and have risen £4,751 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £15,920 in last 6 months, £63,200 in last 1 year, £131,312 in last 2 years, £161,695 in last 3 years, £153,378 in last 4 years and £180,709 in last 5 years.

Currently average asking price of a property in Southwark is around £1,258,148 based on approximately 722 properties for sale. Same is the case with rental options based on 1,050 properties up for rent, average asking rent is around £2,333 per month.

Estimated property value in Southwark is £677,345. Average asking price is £1,258,148 while average price paid is £638,052 which is up by £63,200 and Avg. asking rent £2,333.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 Southwark area. In last 1 year alone average price buyer paid is around £638,052 based on approximately 722 sales in Southwark area alone. If you compare it to last 3 years sales of 2,460 properties where buyers paid around £554,184. 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 £519,937 for 3,979 and average amount paid for purchase of approx. 5,226 properties sold in last 7 years comes to about £489,470 per sale.

 
 

Properties For Sale in Southwark

 
 

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 £707,425, £1,376,625 for a 2 bedroom house, £1,508,398 for a 3 bedroom house, £1,252,222 for a 4 bedroom house and £1,399,998 for a 5 bedroom house. For a flat similarly the prices varies from £734,623 for a single bedroom to £1,154,299 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,131,218, £4,883,105 for a 4 bedroom flat and £2,970,000 for a 5 bedroom flat. To sum up the asking prices for properties in Southwark it comes to around average £733,898 for 1 bedroom property, £1,166,795 for 2 bedroom, £2,044,232 for 3 bedroom, £3,716,035 for 4 bedroom and £2,381,249 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 £1,609 for 1 bedroom to £2,523 for 2 bedroom, £3,121 for 3 bedroom and £3,600 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,829. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,494, £4,088 for 3 bedroom and £3,475 for 4 bedroom. You should be generally be expecting around average £1,815 rent per month for single bedroom property, £2,496 for 2 bedroom, £3,936 for 3 bedroom and approximately £3,506 for 4 bedroom property in Southwark area.

Popular Houses in Southwark

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 Southwark

Sum it all up

 The Good

- Variety of housing options
- Fusion of modern and classic architecture
- Good shopping options
- Good restaurants and pubs
- Riverside setting

 Best For

- Young Professionals
- Young Families
- Artists
- Singles

 The Bad

- Traffic
- Noise

Transportation in Southwark

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