Southwark Area Guide

South East London borough Southwark stretches from Central London on the River Thames down to suburban East Dulwich.

South East London borough Southwark stretches from Central London on the River Thames down to suburban East Dulwich. A highly diverse borough, Southwark is home to an array of cultures and lifestyles and is popular to both live and work in thanks to a mammoth regeneration programme. It has transformed this borough into a well-connected, cosmopolitan district of London with help from the 1999 Jubilee Line extension.

Property market

£521k Average house price
£2,100 Average Rent, 2 Bed
5% Average yield
0% Price growth over last 5 years
17% Price growth 5-years forecast
13% Rental growth over last 5 years
13% Rental growth 5-years forecast

Lifestyle

19 Number of ‘Outstanding’ primary schools
10 Number of ‘Outstanding’ secondary schools
595 Restaurants and cafes
1,690 Number of shops
23% Proportion of open space
22 Number of stations
5 PTAL (Public Transport Accessibility Level)

More recently, new redevelopment programmes, such as in Elephant and Castle, have provided a residential hub for its younger than average population of largely city professionals wanting short commutes and a higher than average density of modern bars and restaurants on their doorsteps.

Southwark is well-known for its cultural attractions such as the Tate Modern, Shakespeare’s Globe Theatre, and architectural joy The Shard. The borough is also famed for creative rejuvenation of its railway arches between Waterloo and London Bridge which now offers a truly unique experience including Flat Iron Square’s buzzy food and drink hub. This borough’s dining scene is amongst the best in London, with a vibrant mix of every cuisine imaginable, from street food pop-ups to high-end restaurants. Southwark is also home to 1000-year-old Borough Market, offering top-quality fresh produce and street food.

 

Insights

 

  • Average house prices are 1% higher than the London average.
  • Average rent for a 2-bed flat is 17% higher than the London average
  • House prices were static over the last 5 years, compared with London where they grew at 10%
  • Over the next 5 years, house price growth is expected to be 17%, slightly lower than London at 19%
  • Average asking rents grew 13% over the last 5 years, lower than London at 14%
  • Likewise, over the next 5 years, average rents are predicted to grow by 13%, lower than London at 14%
  • 26% of the borough's primary schools are rated as outstanding by Ofsted, broadly in line with the London figure of 27%
  • 53% of the borough's secondary schools are rated as outstanding by Ofsted, higher than the London figure of 36%
  • 53 restaurants and cafes per square mile, higher than the figure for London of 24.29
  • 152 shops per square mile, higher than the figure for London of 73.48

The original Globe Theatre burnt down in 1613 but was replaced with a reconstruction in 1994. William Shakespeare and Charles Dickens both lived in the borough.

Southwark is very varied, stretching from Borough Market all the way down to sleepy, leafy, Dulwich Village. The craft brewing scene has sprung up all around the borough, and a tour of the dozens of taprooms is a highly enjoyable way of spending a day. Begin with the Bermondsey Mile, and head out to Herne Hill, Gipsy Hill and Peckham for a taste of the best that the borough has to offer.

London boroughs

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

View the full map

Disclaimers

 

  • 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
  • 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)