South Bermondsey

Area Guide For South Bermondsey

South Bermondsey is an area of Southwark in southeast London. It is a largely industrial area and has been the home of Millwall Football Club since 1993 when the club moved to its new stadium in Zampa Road. The area is served by South Bermondsey railway station, with a possible future station at Surrey Canal Road. Making travel around and out of London more convenient for commuters.  Average property prices within South Bermondsey are 25.3% below the London average prices.


South Bermondsey Map

Estimated Price: £350,682
Average Asking Price: £470,639
Price change in last one year: £39,047
Average Price Paid: £274,712
Average Rent Rates: £1,377


Property Prices Breakdown in South Bermondsey

Average Price for property in South Bermondsey is around £350,682 which varies based on type of property you are interested in and ranges from £527,130 for detached house to around £518,765 for semi-detached. Similarly terraced house is around £453,330 and a flat is worth £316,989. Values have been changing and have risen £2,303 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,056 in last 6 months, £39,047 in last 1 year, £73,572 in last 2 years, £80,932 in last 3 years, £82,150 in last 4 years and £90,950 in last 5 years.

Currently average asking price of a property in South Bermondsey is around £470,639 based on approximately 175 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £1,377 per month.

Estimated property value in South Bermondsey is £350,682. Average asking price is £470,639 while average price paid is £369,365 which is up by £39,047 and Avg. asking rent £1,377.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 Bermondsey area. In last 1 year alone average price buyer paid is around £369,365 based on approximately 175 sales in South Bermondsey area alone. If you compare it to last 3 years sales of 483 properties where buyers paid around £294,683. 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 £274,712 for 774 and average amount paid for purchase of approx. 950 properties sold in last 7 years comes to about £264,225 per sale.


Properties For Sale in South 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 £214,975, £675,000 for a 2 bedroom house, £411,650 for a 3 bedroom house and £990,000 for a 4 bedroom house. For a flat similarly the prices varies from £370,326 for a single bedroom to £496,457 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £555,544. To sum up the asking prices for properties in South Bermondsey it comes to around average £356,817 for 1 bedroom property, £501,155 for 2 bedroom, £519,570 for 3 bedroom and £990,000 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 can vary from £1,213 for 1 bedroom to £1,821 for 2 bedroom, £2,241 for 3 bedroom and £2,329 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,177. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,612 and £2,029 for 3 bedroom. You should be generally be expecting around average £1,179 rent per month for single bedroom property, £1,645 for 2 bedroom, £2,151 for 3 bedroom and approximately £2,329 for 4 bedroom property in South Bermondsey area.

Popular Houses in South 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.

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