of properties currently on the market in SE1 are currently under offer
the rise in average residential property prices in Southwark in 2022
annual rise in achieved rents in SE1 3 months to Feb 2023
Sources: Land Registry, Gov.UK, Lonres, Cluttons, Rightmove, Zoopla
Our analysis of sale prices for flats shows that proximity to the water generally comes with a premium. These values will be influenced by the type and size of stock, with larger properties putting upward pressure on the averages. Even so, comparing sold price data in the first three quarters of 2022 reveals a large uplift for riverside properties in SE1 and SE16. The average value of sold flats within 250 metres of the river was around £1 million, compared to average values of £600,000 for homes set further back from the river.
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