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Bermondsey House Prices Bermondsey House Prices

The average house price in Bermondsey is £540,923 using HM Land Registry data.

The average property price increased by £2,431 (0.36%) over the last 5 years and increased by £486 (0.07%) over the last 12 months.

Over the last year, there were 311 residential property sales – a decrease of 245 transactions (-78.78%) relative to the previous year. The majority of house sales (78) were in the £320,000 - £466,000 range. Then came properties in the £466,000 - £612,000 range, where 60 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 104 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-25,698 (-3%).

In April 2024, there were 124 new estate agency instructions, 59 agreed home sales and 63 property price reductions.

Neighbouring Areas: Southwark, Camberwell, Walworth, Old Kent Road, Canada Water, New Cross, Surrey Keys, Rotherhithe

Postcodes Covered: SE1, SE16

5-Year Average Property Prices in Bermondsey

0.36%

Property prices in Bermondsey increased by 0.36% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Bermondsey Over the Last Year

0.07%

Property prices in Bermondsey increased by 0.07% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Bermondsey - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Bermondsey

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Bermondsey

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Bermondsey

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Bermondsey since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Bermondsey area since 1995.

Recent Property Sales in Bermondsey

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 470, Devon Mansions, Jamaica Road, London, Greater London, SE1 2BU£600,000£576,462-£23,53822 Jun 202315 Feb 2024238 Days
2 Painters Mews, London, Greater London, SE16 3XT£650,000£627,500-£22,50027 Feb 202301 Feb 2024339 Days
271 Neckinger Estate, London, Greater London, SE16 3QB£400,000£400,000£0006 Sep 202326 Jan 2024142 Days
Flat 9, St. Lawrence House, St Saviours Estate, London, Greater London, SE1 3BY£430,000£425,000-£5,00021 Sep 202315 Dec 202385 Days
Flat 15, Pickwick House, George Row, London, Greater London, SE16 4UT£585,000£545,000-£40,00020 Jul 202329 Nov 2023132 Days
30 Providence Square, London, Greater London, SE1 2EA£900,000£882,000-£18,00001 Jun 202328 Nov 2023180 Days
Flat 261, The Circle, Queen Elizabeth Street, London, Greater London, SE1 2JW£400,000£383,400-£16,60002 Aug 202324 Nov 2023114 Days
12 Henley Drive, London, Greater London, SE1 3AP£325,000£310,000-£15,00005 Jul 202324 Nov 2023142 Days
27 Oxford Drive, London, Greater London, SE1 2FB£650,000£620,000-£30,00014 Nov 202316 Nov 20232 Days
3 Longfellow Way, London, Greater London, SE1 5TB£700,000£645,000-£55,00003 May 202310 Nov 2023191 Days
Flat 166, Devon Mansions, Tooley Street, London, Greater London, SE1 2XH£525,000£520,000-£5,00002 Aug 202301 Nov 202391 Days
Flat 370, Devon Mansions, Tooley Street, London, Greater London, SE1 2XG£475,000£465,000-£10,00026 May 202330 Oct 2023157 Days
7 Bushwood Drive, London, Greater London, SE1 5RE£700,000£685,000-£15,00001 Jul 202327 Oct 2023118 Days
154 Cherry Garden Street, Bermondsey, London, Greater London, SE16 4PB£1,100,000£985,000-£115,00006 Jun 202320 Oct 2023136 Days
Flat 371, Devon Mansions, Tooley Street, London, Greater London, SE1 2XG£475,000£472,500-£2,50020 Oct 202206 Oct 2023351 Days
62 Southwark Park Road, London, Greater London, SE16 3RS£740,000£715,000-£25,00031 May 202306 Oct 2023128 Days
10 Amina Way, London, Greater London, SE16 3UJ£400,000£386,000-£14,00003 Jan 202305 Oct 2023275 Days
Flat 35, Thetford House, St Saviours Estate, London, Greater London, SE1 3PE£450,000£425,000-£25,00017 Mar 202329 Sep 2023196 Days
Flat 13, Tower Bridge Buildings, Mill Street, London, Greater London, SE1 2AZ£475,000£470,000-£5,00020 Apr 202325 Sep 2023158 Days
32 Alma Grove, London, Greater London, SE1 5PY£875,000£865,000-£10,00030 May 202321 Sep 2023114 Days

Most Expensive Streets in Bermondsey

PostcodeStreetAreaAverageNo. of Sales
SE1 2YEShad ThamesLondon£1,985,38413
SE16 4USProvidence TowerBermondsey Wall West£1,658,3333
SE1 2SATudor HouseDuchess Walk£1,593,57812
SE1 2YQShad ThamesLondon£1,308,3333
SE1 2RZWindlesham HouseDuchess Walk£1,285,0004
SE1 2BBNew Concordia WharfLondon£1,225,01213
SE16 4TTBermondsey Wall EastLondon£1,196,2504
SE1 2LYShad ThamesLondon£1,192,8577
SE1 2PXButlers & Colonial WharfLondon£1,155,5559
SE1 2YLShad ThamesLondon£1,143,57114

Least Expensive Streets in Bermondsey

PostcodeStreetAreaAverageNo. of Sales
SE1 3FQAlscot RoadLondon£161,6663
SE16 3EDStubbs DriveLondon£252,0005
SE16 3PHBarry HouseRennie Estate£258,6663
SE1 5HPOxley CloseLondon£265,0004
SE16 4DSWebster RoadLondon£269,3333
SE16 3XACadbury WayLondon£279,5008
SE16 3XBCadbury WayLondon£282,3333
SE16 3EBStubbs DriveLondon£285,3333
SE1 3EASt. Vincent HouseSt Saviours Estate£287,9996
SE1 5ZSLynton RoadLondon£295,1077

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