Lambeth Area Guide

Stretching from Southbank, home to the landmarks such as London Eye and OXO Tower, to family-friendly Streatham in the south, Lambeth is one of London’s more elongated boroughs and is brimming with a diversity of micro-cultures and communities.

Stretching from Southbank, home to the landmarks such as London Eye and OXO Tower, to family-friendly Streatham in the south, Lambeth is one of London’s more elongated boroughs and is brimming with a diversity of micro-cultures and communities.

Property market

£543k Average house price
£1,900 Average Rent, 2 Bed
5% Average yield
4% Price growth over last 5 years
17% Price growth 5-years forecast
12% Rental growth over last 5 years
13% Rental growth 5-years forecast

Lifestyle

24 Number of ‘Outstanding’ primary schools
6 Number of ‘Outstanding’ secondary schools
565 Restaurants and cafes
1,035 Number of shops
21% Proportion of open space
22 Number of stations
5 PTAL (Public Transport Accessibility Level)

Lambeth is the fith most densely populated authority in England and Wales, which is expressed in an abundance of different cultures and characters. Starting in the north, professionals can enjoy the metropolitan atmosphere and further south, trendy Clapham and Brixton are the places to be for the twenty-something professionals with busy social lives. POP Brixton and Brixton Village Market offer vibrant and imaginative street food and Clapham High Street is lined with both independent bistros and long-standing chain favourites.

The vast green space of Clapham Common comes alive in the summer months with joggers, sports teams and picnickers, whilst Streatham - at the most southerly point of Lambeth borough - offers a more affordable and laid-back lifestyle for its residents.

 

Insights

 

  • Younger than average population: 65% of inhabitants younger than 40, compared with 59% for London overall
  • Average house prices are 5% higher than the London average
  • Average rent for a 2-bed flat is 6% higher than the London average
  • House price growth over the last 5 years was 4%, lower than London at 10%

  • Over the next 5 years, house price growth is expected to be 17%, lower than London at 19%

  • Average asking rents grew 12% over the last 5 years, lower than London at 14%

  • Over the next 5 years average rents are predicted to grow by 13%, lower than London at 14%

  • 40% of the borough's primary schools are rated as outstanding by Ofsted, higher than the London figure of 27%
  • 55 restaurants and cafes per square mile, higher than the figure for London of 24.29
  • 100 shops per square mile, higher than the figure for London of 73.48

Lambeth is home to the Herne Hill Velodrome, which opened in 1891 and is still a key UK hub for track cycling.

Lambeth is home to a variety of cultures and is the perfect place to stroll around markets and enjoy delicious foods. Lambeth's great transport links take you straight into central London and local airports with ease. There are several parks providing beautiful green spaces for families and athletes. There is so much that the area can offer!

London boroughs

Use the map below to find out what the other boroughs in London have to offer:

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Disclaimers

*Please note the forecasts in this report are historic and not reflective of current market conditions

  • Average 2-bed yield is calculated by REalyse using median 2-bed asking rent and median 2-bed sales prices.  
  • Rental growth over the last five years is for all property (not 2-beds).
  • All data is the latest available as of January 2022.
  • PTAL – Transport for London's (TFL) Public Transport Accessibility Levels (PTALs) are a detailed and accurate measure of the accessibility of a point to the public transport network, taking into account walk access time and service availability. Each area is graded between 0 and 6b, where a score of 0 is very poor access to public transport, and 6b is excellent access to public transport.

 

Sources

 

  • Average Price – ONS, October 2021
  • Asking rent – Realyse, December 2021
  • Yield – Realyse, December 2021
  • House price and rental forecasts – CBRE Research - Read our five-year forecast 
  • Outstanding primary and secondary schools – OFSTED (December 2021)
  • Number of cafes and restaurants – ONS (2020)
  • Number of shops – ONS (2021)
  • Open space – GiGL (2015)
  • Number of stations – TfL (2015)
  • PTAL – TfL (2015)