Southwark is an inner London Borough on the south of the Thames. This ancient borough has something for everyone offering energetic and promising neighbourhoods alongside the established family-friendly areas, as well as some of the capital’s finest attractions.
The borough of Southwark presents a positive picture for living with an affordable housing and a lower eviction rate than other boroughs.
Southwark is a very diverse borough, stretching across three Tube zones. The average house price in Southwark is around £695,876, making it the 10th most expensive borough in London, although prices do vary by area.
The majority of sales in Southwark during the last year were flats, selling for an average price of £633,381. Terraced properties sold for an average of £846,748, with semi-detached properties fetching £1,206,407.
Southwark, was more expensive than nearby Lewisham (£466,949), Greenwich (£470,362) and Bromley (£499,545). The most expensive area within Southwark was Dulwich Village (£1,522,802) and the cheapest was Newington (£493,238).
Southwark is home to some of London’s best attractions, allowing both residents and visitors access to world-renowned venues including the Tate Modern, Shakespeare’s Globe Theatre and The Shard. The borough offers a fascinating range of architectural styles which can be evident on the Southwark Cathedral built in the 12th century.
While the Borough Market is one of the largest and oldest in the city, having been in the business of wholesale and food sales since at least 1276. Today it has over 100 stalls selling fresh produce, meat, cheeses, and more. Whether you want something home-grown or imported delicacies, there’s a lot to choose from.
Housing in Southwark is extremely varied, with young professionals flocking to London Bridge, Borough and Peckham for sleek apartments and colourful nightlife, while families tend to congregate in the more southern end of the borough, where they’ll find more space, detached housing and friendly communities.
Despite youth unemployment levels sitting higher than the London average, the borough also has a number of high-achieving independent and state schools adding to its popularity with families, and commuters in the north of the borough benefit from Underground stations on the Northern and Jubilee lines for easy travel throughout the capital.
Regeneration and gentrification over the last few decades has seen swathes of the borough transformed to suit the modern needs of the city, with the warehouses of Shad Thames converted into slick apartments, and notoriously deprived areas such as Peckham becoming hugely popular with young Londoners looking for the latest cool spot to live.
Southwark has street after street of period houses, with tower blocks, and the highest level of social housing in London. There is a huge amount of new development, including around Elephant and Castle, with Walworth, Camberwell and Peckham the best places to pick up a bargain.
With the potential extension of the Bakerloo line down to Old Kent Road or Camberwell Green, prices are likely to shoot up. The referendum has not really affected this area – there are still lots of buyers ready to buy.
With so much happening in the borough, placing a bid through any of our Southwark House Auctions is a no-brainer. Whether the end goal is to find a suitable project or a family home, with Lets Bid, the process simply couldn’t be any easier.
As soon as you are registered, you have access to bid on any property you like through our vetted estate agents, taking away many of the hurdles that you would otherwise have to cross in order to get the keys.
From the moment that you agree on a price with an estate agent, the property is then taken off the market for a period of 28 days. This gives the buyer four weeks in which to make arrangements before completing the purchase which, assuming all goes well, will culminate in the handing over of keys.