Area Guide For Bankside

Bankside is a lively central London riverside destination which stretches from Blackfriars Bridge to London Bridge and lies directly opposite St Paul’s Cathedral and neighbours the South Bank. The area is seen as an alternative to the West End and is steeped in history, features iconic landmarks, possesses a vibrant art scene, plus mouth-watering markets, award-winning restaurants, bars and shops. A very diverse mix of homes available such as warehouse conversions, period properties and new build apartments. Those searching for a flat to rent in Bankside often have Bermondsey Street at the top of their wish list, with its combination of loft-style living and modern apartments, two open parks and a growing number of places to eat and drink.


Bankside Map

Estimated Price: £1,023,248
Average Asking Price: £2,284,123
Price change in last one year: £94,264
Average Price Paid: £1,048,496
Average Rent Rates: £3,671


Property Prices Breakdown in Bankside

Values have been changing and have risen £7,085 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £23,743 in last 6 months, £94,264 in last 1 year, £195,853 in last 2 years, £241,167 in last 3 years, £228,757 in last 4 years and £269,521 in last 5 years.

Currently average asking price of a property in Bankside is around £2,284,123 based on approximately 48 properties for sale. Same is the case with rental options based on 85 properties up for rent, average asking rent is around £3,671 per month.

Estimated property value in Bankside is £1,023,248. Average asking price is £2,284,123 while average price paid is £1,351,302 which is up by £94,264 and Avg. asking rent £3,671.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 Bankside area. In last 1 year alone average price buyer paid is around £1,351,302 based on approximately 48 sales in Bankside area alone. If you compare it to last 3 years sales of 173 properties where buyers paid around £1,176,713. 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 £1,048,496 for 272 and average amount paid for purchase of approx. 317 properties sold in last 7 years comes to about £985,761 per sale.


Properties For Sale in Bankside


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 £1,045,000, £1,595,000 for a 2 bedroom house and £1,733,333 for a 3 bedroom house. For a flat similarly the prices varies from £967,824 for a single bedroom to £1,668,640 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £3,795,323 and £7,764,286 for a 4 bedroom flat. To sum up the asking prices for properties in Bankside it comes to around average £970,974 for 1 bedroom property, £1,660,750 for 2 bedroom, £3,613,382 for 3 bedroom and £7,764,286 for 4 bedroom.

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 is £5,005 for 2 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,464. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,575 and £10,670 for 3 bedroom. You should be generally be expecting around average £2,464 rent per month for single bedroom property, £3,653 for 2 bedroom and approximately £10,670 for 3 bedroom property in Bankside area.

Popular Houses in Bankside

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.

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