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Waterloo & South Bank House Prices

The average house price in Waterloo & South Bank is £648,125 using HM Land Registry data.

The average property price decreased by £347,477 (-29.44%) over the last 5 years and decreased by £69,464 (-7.7%) over the last 12 months.

Over the last year, there were 67 residential property sales – an increase of 9 transactions (13.43%) relative to the previous year. The majority of house sales (28) were in the £410,000 - £658,000 range. Then came properties in the £658,000 - £906,000 range, where 16 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,450 (-3%).

In Nov 2025, there were 13 new estate agency instructions, 8 agreed home sales and 7 property price reductions.

5-Year Average Property Prices in Waterloo & South Bank

-29.44%

Property prices in Waterloo & South Bank decreased by -29.44% 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 Waterloo & South Bank Over the Last Year

-7.7%

Property prices in Waterloo & South Bank decreased by -7.7% 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.

Property Market Heat Gauge for Waterloo & South Bank - Nov 2025

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 Waterloo & South Bank

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 Waterloo & South Bank

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 Waterloo & South Bank

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 Waterloo & South Bank since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Waterloo & South Bank area since 1995.

Recent Property Sales in Waterloo & South Bank

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 4, 83, Launcelot Street, London, SE1 7AD	£385,000	£375,000	-£10,000	27 May 2025	03 Nov 2025	160 Days
Flat 8, 1a South Block, Belvedere Road, London, SE1 7GB	£800,000	£790,000	-£10,000	20 May 2025	31 Oct 2025	164 Days
23 Santley House, Frazier Street, London, SE1 7RD	£500,000	£500,000	£0	01 May 2025	18 Aug 2025	109 Days
525 9 Whitehouse Apartments, Belvedere Road, London, SE1 8YT	£875,000	£850,000	-£25,000	18 Mar 2025	07 Aug 2025	142 Days
Flat 123, 1b South Block, Belvedere Road, London, SE1 7GD	£450,000	£440,000	-£10,000	22 Jan 2025	15 Jul 2025	174 Days
65 Oakey Lane, London, SE1 7HN	£600,000	£595,000	-£5,000	11 Dec 2024	13 Jun 2025	184 Days

Most Expensive Streets in Waterloo & South Bank

Postcode	Street	Area	Average	No. of Sales
SE1 7AF	Belvedere Road	London	£4,183,947	10
SE1 7DY	Casson Square	London	£3,319,215	14
SE1 7RX	Casson Square	London	£3,036,065	25
SE1 7EN	Casson Square	London	£1,672,931	35
SE1 7XH	Albert Embankment	London	£1,356,875	8
SE1 8ST	Theed Street	London	£1,325,000	5
SE1 8SP	Roupell Street	London	£1,313,000	5
SE1 7RN	Casson Square	London	£1,292,150	6
SE1 8TB	Roupell Street	London	£1,254,893	8
SE1 8YW	Whitehouse Apartments	Belvedere Road	£1,203,750	10

Least Expensive Streets in Waterloo & South Bank

Postcode	Street	Area	Average	No. of Sales
SE1 7RY	Addington Street	London	£240,500	5
SE1 7PJ	Chicheley Street	London	£414,000	3
SE1 8DQ	Benson House	Hatfields	£436,250	8
SE1 7JG	Mead Row	London	£440,000	3
SE1 7RD	Santley House	Frazier Street, London	£468,750	4
SE1 7AN	Matheson Lang Gardens	Baylis Road	£489,875	4
SE1 8LX	Windmill House	Windmill Walk	£542,000	4
SE1 7GF	Belvedere Road	London	£545,635	7
SE1 9NN	Stamford Street	London	£551,666	3
SE1 7GE	Belvedere Road	London	£555,000	9