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Waterloo & South Bank House Prices Waterloo & South Bank House Prices

The average house price in Waterloo & South Bank is £575,000 using HM Land Registry data.

The average property price decreased by £406,120 (--30.54%) over the last 5 years and decreased by £81,167 (--8.08%) over the last 12 months.

Over the last year, there were 64 residential property sales – a decrease of 33 transactions (-51.56%) relative to the previous year. The majority of house sales (26) were in the £460,000 - £658,000 range. Then came properties in the £658,000 - £856,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 114 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-27,717 (-2%).

In April 2024, there were 22 new estate agency instructions, 10 agreed home sales and 17 property price reductions.

Neighbouring Areas: Southwark, Elephant & Castle, Kennington, Vauxhall

Postcodes Covered: SE1, SE11

5-Year Average Property Prices in Waterloo & South Bank

-30.54%

Property prices in Waterloo & South Bank decreased by -30.54% 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

-8.08%

Property prices in Waterloo & South Bank decreased by -8.08% 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 Waterloo & South Bank - 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 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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
57 Oakey Lane, London, Greater London, SE1 7HN£650,000£600,000-£50,00019 Apr 202322 Nov 2023217 Days
Flat 28, Benson House, Hatfields, London, Greater London, SE1 8DQ£400,000£370,000-£30,00001 Mar 202308 Sep 2023191 Days
18 Oakey Lane, London, Greater London, SE1 7HL£775,000£775,000£0023 Dec 202201 Aug 2023221 Days
9 Pearman Street, London, Greater London, SE1 7RB£1,400,000£1,390,000-£10,00013 Oct 202228 Jun 2023258 Days
12 Whittlesey Street, London, Greater London, SE1 8SZ£2,000,000£1,815,000-£185,00014 Feb 202301 Jun 2023107 Days
Flat 11, Munro House, Murphy Street, London, Greater London, SE1 7AJ£500,000£490,000-£10,00012 Dec 202210 May 2023149 Days
17 Mcauley Close, London, Greater London, SE1 7BX£800,000£727,000-£73,00019 Oct 202217 Mar 2023149 Days
Apartment 616, West Block, Forum Magnum Square, London, Greater London, SE1 7GL£1,115,000£860,000-£255,00007 Oct 202010 Feb 2023856 Days
105a, Stamford Street, London, Greater London, SE1 9NN£675,000£600,000-£75,00004 Jan 202109 Feb 2023766 Days
Apartment 502, East Block, Forum Magnum Square, London, Greater London, SE1 7GN£850,000£800,000-£50,00014 Oct 202231 Jan 2023109 Days
30 Roupell Street, London, Greater London, SE1 8TB£1,300,000£1,275,000-£25,00010 Oct 202231 Jan 2023113 Days
Apartment 606, East Block, Forum Magnum Square, London, Greater London, SE1 7GN£535,000£460,000-£75,00011 Jul 202227 Jan 2023200 Days
Flat 26, Gabriel House, Old Paradise Street, London, Greater London, SE11 6AL£475,000£460,000-£15,00004 Feb 202223 Jan 2023353 Days
32 Oakey Lane, London, Greater London, SE1 7HL£635,000£600,000-£35,00008 Aug 202202 Dec 2022116 Days
Flat 19, Climsland House, Duchy Street, London, Greater London, SE1 8AF£550,000£523,300-£26,70008 Mar 202226 Oct 2022232 Days
Flat 24, Benson House, Hatfields, London, Greater London, SE1 8DQ£450,000£430,000-£20,00002 Jun 202221 Oct 2022141 Days
First Floor Flat, 33, Pearman Street, London, Greater London, SE1 7RB£1,415,000£980,000-£435,00011 Sep 201424 Jun 20222843 Days
36c, Aquinas Street, London, Greater London, SE1 8AD£599,999£560,000-£39,99908 Feb 202120 May 2022466 Days
29 Roupell Street, London, Greater London, SE1 8TB£1,150,000£1,100,000-£50,00013 Sep 202121 Mar 2022189 Days
Flat 13, Matheson Lang Gardens, Baylis Road, London, Greater London, SE1 7AN£425,000£386,500-£38,50011 Oct 202115 Mar 2022155 Days

Most Expensive Streets in Waterloo & South Bank

PostcodeStreetAreaAverageNo. of Sales
SE1 7RXCasson SquareLondon£2,539,60815
SE1 7DYCasson SquareLondon£2,535,26730
SE1 7AFBelvedere RoadLondon£2,533,06676
SE1 8SZWhittlesey StreetLondon£2,095,0004
SE1 8YWBelvedere RoadLondon£1,522,1669
SE1 7ENCasson SquareLondon£1,443,56147
SE1 7GYCasson SquareLondon£1,387,284134
SE1 7XHAlbert EmbankmentLondon£1,373,7508
SE1 7RNCasson SquareLondon£1,372,19717
SE1 7AHLambeth High StreetLondon£1,265,26319

Least Expensive Streets in Waterloo & South Bank

PostcodeStreetAreaAverageNo. of Sales
SE1 7RYAddington StreetLondon£306,7147
SE1 8DQBenson HouseHatfields£403,3336
SE11 6ALGabriel HouseOld Paradise Street, London£442,5004
SE1 7ANMatheson Lang GardensBaylis Road£489,8754
SE1 7RDSantley HouseFrazier Street, London£491,6503
SE1 7JGMead RowLondon£547,6005
SE1 8LXWindmill HouseWindmill Walk£557,0004
SE1 8YSBelvedere RoadLondon£590,50010
SE1 7GHNorth Block 1dBelvedere Road£592,25010
SE1 7GLWest BlockForum Magnum Square£598,03418

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