South Bank

Area Guide For South Bank

South Bank is an entertainment, commercial and urban parkland district of Central London. Between the London Eye and Tower Bridge, the South Bank offers a two-mile procession of diverting, largely state-funded arts and entertainment venues and events. South Bank contains a few high-end luxury apartments overlooking the Thames. It has a population of approximately 7,800 residents. It is served by South Bank railway station. Forming a major part of Redcar and Cleveland's Greater Eston regeneration project. Formerly known as "Tees Tilery", South Bank has a long history of steelmaking in the companies Bolckow Vaughan and Dorman Long, and shipbuilding in the famous Smiths Dock Company.


South Bank Map

Estimated Price: £876,371
Average Asking Price: £1,748,414
Price change in last one year: £81,690
Average Price Paid: £766,953
Average Rent Rates: £2,837


Property Prices Breakdown in South Bank

Average Price for property in South Bank is around £876,371 which varies based on type of property you are interested in and ranges from £1,775,578 for detached house to around £882,423 for semi-detached. Similarly terraced house is around £987,526 and a flat is worth £873,888. Values have been changing and have risen £6,140 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £20,577 in last 6 months, £81,690 in last 1 year, £169,730 in last 2 years, £209,001 in last 3 years, £198,248 in last 4 years and £233,576 in last 5 years.

Currently average asking price of a property in South Bank is around £1,748,414 based on approximately 180 properties for sale. Same is the case with rental options based on 290 properties up for rent, average asking rent is around £2,837 per month.

Estimated property value in South Bank is £876,371. Average asking price is £1,748,414 while average price paid is £984,026 which is up by £81,690 and Avg. asking rent £2,837.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 South Bank area. In last 1 year alone average price buyer paid is around £984,026 based on approximately 180 sales in South Bank area alone. If you compare it to last 3 years sales of 609 properties where buyers paid around £859,602. 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 £766,953 for 1,022 and average amount paid for purchase of approx. 1,305 properties sold in last 7 years comes to about £713,434 per sale.


Properties For Sale in South Bank


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, £1,163,750 for a 2 bedroom house, £1,733,333 for a 3 bedroom house and £3,300,000 for a 4 bedroom house. For a flat similarly the prices varies from £929,303 for a single bedroom to £1,545,985 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £3,549,055, £6,201,000 for a 4 bedroom flat and £3,300,000 for a 5 bedroom flat. To sum up the asking prices for properties in South Bank it comes to around average £930,816 for 1 bedroom property, £1,525,599 for 2 bedroom, £3,451,784 for 3 bedroom, £6,007,600 for 4 bedroom and £3,300,000 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 £1,593 for 1 bedroom to £2,836 for 2 bedroom and £9,100 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,136. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £2,890, £7,585 for 3 bedroom and £4,697 for 4 bedroom. You should be generally be expecting around average £2,127 rent per month for single bedroom property, £2,886 for 2 bedroom, £7,665 for 3 bedroom and approximately £4,697 for 4 bedroom property in South Bank area.

Popular Houses in South Bank

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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