SE16 covers the Rotherhithe peninsula and much of Bermondsey, within the London Borough of Southwark in south-east London. The River Thames wraps around three sides of the peninsula, putting the postcode directly across the water from Wapping and the Isle of Dogs. Its main neighbourhoods are Bermondsey, Rotherhithe, Canada Water and Surrey Quays.
This guide covers the SE16 property market, the property types street by street, schools, the regeneration under way, community life, transport and what there is to do locally.
Across the London Borough of Southwark, the average property price was £572,000 in July 2026, broadly unchanged on the same month a year earlier. That’s well above the London average of £550,000, which itself fell from £569,000 over the year, and is more than double the England average of £273,000. Figures are from the Office for National Statistics and are provisional for the most recent month.
Borough averages only take you so far in SE16. The postcode includes riverside warehouse conversions at the top of the local market, 1980s dockside new-builds, Victorian terraces behind Southwark Park Road, and large post-war estates, so prices vary widely from street to street. Anyone pricing a specific property needs to look at the building and the street rather than rely on the postcode average.
Location helps sustain demand. Canada Water is one Jubilee line stop from Canary Wharf and two from London Bridge, and the Canada Water Masterplan is building a new town centre on 53 acres in the middle of the postcode. Riverside property with that level of access to both the City and Canary Wharf is not widely available south of the Thames.
The riverside defines the types of property here. Southwark Council's conservation area appraisal for Edward III's Rotherhithe describes the historic pattern as warehouses and wharves along the river frontage, with properties filling the gaps, and London stock brick as the dominant material. Many of those warehouses are now flats. Thames Tunnel Mills at 111 to 115 Rotherhithe Street is one of the better-known conversions, and New Caledonian Wharf on Odessa Street and Canada Wharf at 255 Rotherhithe Street are further east along the same frontage.
Some much older buildings also survive. Sir William Gaitskell House dates from 1814 and is built of London stock brick over three storeys with an attic and basement. Number 101 Rotherhithe Street is a mid-nineteenth century stock brick building with a coped gable end to the street. Both are listed, as are Nelson House and St Mary's Church.
Behind the river, the character changes completely. The Thorburn Square Conservation Area south of Southwark Park Road was largely built out by 1879 and is characterised by almost continuous terraces of two-storey houses in yellow London stock brick with rendered window and door dressings. Around the square itself are larger three-storey semi-detached villas from the 1860s. This is the main pocket of period terraced property in the postcode.
The area around Stave Hill and Russia Dock Woodland is different again. It was water until the docks were infilled, so the properties there are mostly 1980s new-builds and later developments, laid out around the retained waterways. Baltic Quay, between South Dock and Greenland Dock, was completed in 1989 during the London Docklands Development Corporation era.
SE16 also has many social-rented and former social-rented properties, and they shape the street pattern across much of Bermondsey and inland Rotherhithe. The Rennie Estate on Galleywall Road, the Silwood Estate on Rotherhithe New Road and the Irwell Estate on Neptune Street are among the larger ones. Not all of these are council properties. Antony House and Roderick House on Raymouth Road are two 1950s blocks of sixteen flats each owned by an association rather than the council, and permission has been granted for thirty rooftop homes above them.
Beyond the Canada Water Masterplan, which is covered in the regeneration section below, several large schemes are under way or have recently finished.
One thing to know if you are looking at the southern edge of the postcode is that several blocks with SE16 addresses on and around Plough Way, including Iceland Wharf, are in the London Borough of Lewisham rather than Southwark. That affects council tax, school admissions and local services.
The appeal of buying here rests on three things. Transport is the biggest advantage, with two Jubilee line stations, three Windrush line stations, a National Rail station and a river pier inside the postcode. Regeneration is the second, with the Canada Water Masterplan and the Bermondsey Project both adding homes, workspace and retail. The third is relative value compared with Shad Thames and the rest of SE1 to the west.
Rental demand is steady rather than seasonal, driven by workers at Canary Wharf and in the City, not by students. SE16 has no university and no further education college of its own, and Southwark College's Bermondsey campus on Keetons Road closed in 2013. It is, however, close to several institutions, with King's College London's Guy's Campus and London South Bank University both in SE1, Goldsmiths at New Cross in SE14 and the University of Greenwich in SE10, all within a few miles.
The average monthly private rent across Southwark was £2,474 in August 2026, an increase of 5.4 per cent on the £2,347 recorded a year earlier. Southwark is above the London average of £2,332 and well ahead of the UK figure of £1,400. These are Office for National Statistics figures for the whole borough, and rents within SE16 vary substantially by building type and by how close a property is to the river or to a station.
SE16 works well for renters who work at Canary Wharf. Canada Water is one Jubilee line stop away, and Greenland Pier at the eastern end of Greenland Dock is served by Uber Boat by Thames Clippers on the RB1 and RB6 routes, which also call at Canary Wharf. The combination of a short commute and a wide range of properties, from converted wharves to purpose-built blocks and ex-local-authority flats, means there are options across a broad range of budgets.
The Mayflower at 117 Rotherhithe Street is the building most visitors come to see, and its history is more layered than it first appears. The present pub dates from the 1780s and stands on the site of an earlier sixteenth century inn. It traded as the Shippe Inn and later as the Spread Eagle and Crown, and was renamed The Mayflower in 1957, the year of the Mayflower II voyage. War damage to the roof and top floor led to a major refurbishment that same year, which is when the sixteenth century style interior was created.
The pub has a genuine connection to the ship. The Mayflower sailed from Rotherhithe in 1620, and Christopher Jones, the ship's master and part-owner, died in early March 1622 and is buried at St Mary's Church, a short walk away. The pub has a passenger list and a visitors' book that descendants can sign. It also claims to be the only place in the UK licensed to sell United States postage stamps, sold through a small hatch beside the bar.
Two other buildings are worth noting. St Mary's Church on St Marychurch Street is the parish church and a listed building in its own right. The Brunel Engine House on Railway Avenue was built as part of the first tunnel under the Thames and now houses the Brunel Museum.
One point about Ofsted before the list. Single-word overall effectiveness grades were scrapped for state schools from 2 September 2024, so a school inspected since then has judgements in separate areas but no overall grade. Ungraded inspections give no new grades at all, only a statement that the school continues to be good. The wording below reflects what each school's most recent published report actually says.
SE16 has a good range of primary schools, with 12 state primary schools within the postcode area.
For secondary education, there are four schools with SE16 postcodes, and three of them have sixth forms, so families do not have to look outside the postcode for post-16 provision.
One point to note is that of the three sixth forms, one is girls only, and one is Catholic, so a boy looking for non-denominational post-16 provision inside SE16 has Bacon's College as the only option.
SE16 also has a specialist provider. Cavendish School at Lady Gomm House on Hawkstone Road is an independent special school for 41 pupils aged 11 to 16, all with education, health and care plans, judged Good at its inspection in March 2024.
Admission arrangements, deadlines and the online application are on Southwark Council's school admissions pages. Current details for any individual school, including its Ofsted history, are on Get Information about Schools.
SE16 was dominated by docks for nearly three centuries. The Howland Great Wet Dock was laid out between 1695 and 1699 on the Rotherhithe peninsula, making it the oldest of London's riverside wet docks. Heavy use by Greenland whaling ships led to it being renamed Greenland Dock, which is still its name today.
The Surrey Commercial Docks, which grew up around it, closed in 1970, and regeneration followed a decade later. The London Docklands Development Corporation was set up by the government in 1981 to regenerate 22 square kilometres across the London Boroughs of Newham, Tower Hamlets and Southwark. It brought more than 120,000 new jobs to the Docklands as a whole, withdrew from the Surrey Docks in 1996 and was formally wound up on 31 March 1998.
The result is the SE16 people recognise today. Warehouses were converted and new blocks built along the river frontage, the infilled docks became Russia Dock Woodland and Stave Hill, and South Dock reopened in 1994 as London's largest marina with over 200 berths.
This is the largest regeneration project in SE16. British Land and AustralianSuper are building a new town centre on a 53-acre site around Canada Water, working with Southwark Council.
The Deputy Mayor of London approved a revised version of the masterplan on 27 March 2026 under a Section 73 application. British Land says that the revised scheme allows for up to 4,184 new homes, up to 2.5 million sq. ft of workspace, and around 1 million sq. ft of retail, leisure and cultural space, alongside a 3.5-acre park, a town square, and 16 new streets. The revisions increase the height and massing of the residential buildings and introduce alternative living uses. The next phase is expected to start on site in 2027.
The share of affordable properties is the part of the scheme that has changed the most. The revised masterplan sets the affordable share at 20 per cent in the next phase of development and at least 9 per cent across the development overall. Earlier approved versions of the scheme had a higher proportion, so anyone following the project should treat the affordable figures as the revised ones rather than those quoted before March 2026.
Progress is already visible. The first phase delivered the revitalised Dock Office Gardens and new wetland habitats at Canada Dock, as well as the Dock Shed workspace. The development has contributed £13 million towards improvements at Surrey Quays station and £2.6 million at Canada Water station, and more than 165 previously unemployed Southwark residents have secured jobs, apprenticeships or training lasting six months or more.
Two practical points for residents. Surrey Quays Shopping Centre is still trading, and British Land has said final demolition will not take place until the replacement Tesco Extra is built, which is unlikely to be ready before late 2028 or 2029. Surrey Quays Leisure Park, next door, has already closed. The Odeon cinema, Hollywood Bowl and Pizza Hut all closed permanently in September 2024, with tenants leaving by 18 September, and Hollywood Bowl has confirmed it will not return to the redeveloped site.
Just outside the postcode, in the northernmost tip of the London Borough of Lewisham and reached from South Bermondsey station, New Bermondsey is a 30-acre scheme centred around Millwall Football Club. The developer is Renewal, and Lewisham Council approved the scheme in December 2024.
The approved plans cover 3,500 homes, up from 2,400 in the earlier scheme, along with up to 1,250 jobs, 50,000 square metres of commercial space, a new indoor sports complex with a swimming pool, gym, multi-use halls and an arena, and 13 public spaces and routes.
Delivery of the plans depends on a station. A condition limits the first phase to 600 homes until the proposed Surrey Canal Road Overground station is built. Lewisham Council's own update says that design work will run from early 2026 to early 2028. That will be followed by roughly two years of construction, suggesting an opening around 2030. Renewal has committed £25 million towards it. Anyone buying nearby because of the expected station should treat that timetable as indicative rather than fixed.
SE16 has a well-established voluntary sector for inner London, with several organisations that have been running for decades from their own premises.
SE16 is one of the better-connected postcodes in south-east London, with six rail and river access points inside its boundaries.
Two Jubilee line stations serve SE16, and both are step-free.
Three stations on the Windrush line, the London Overground route formerly known as the East London Line, are within SE16.
Off-peak, Surrey Quays and Rotherhithe each have 16 trains an hour northbound to Dalston Junction, of which 8 continue to Highbury and Islington, plus 4 trains an hour to West Croydon, Crystal Palace, New Cross and Clapham Junction.
South Bermondsey is a National Rail station rather than an Overground one. It is served by Southern on the South London line, with two trains an hour between London Bridge and East Croydon via Norbury and two an hour between London Bridge and Beckenham Junction via Crystal Palace. The evening service to Beckenham Junction reduces to hourly after 20:00 and does not run on Sundays.
Greenland Pier, also known as Surrey Quays, is at the eastern end of Greenland Dock and is served by Uber Boat by Thames Clippers on the RB1 route between Battersea Power Station and Barking Riverside and the RB6 route between Putney and Masthouse Terrace. Westbound calls include Canary Wharf, Tower Millennium and Embankment, and eastbound calls include Greenwich, North Greenwich and Woolwich.
Southwark Park is the largest open space in the postcode. It opened in 1869 and covers 63 acres between Jamaica Road and Southwark Park Road, with a boating lake, a wildlife garden, a cafe, an athletics track, a bowling green, football and cricket pitches, tennis courts and a fenced children's playground. The bandstand dates from 1884 and is still used for free concerts.
Inside the park are two free public galleries run by Southwark Park Galleries, the charity previously known as CGP London. The Lake Gallery, beside the boating lake at 1 Park Approach, and the Dilston Gallery occupy a Grade II listed former church building in the south-west corner, and retain its nave and parish room. Both open Wednesday to Sunday from midday to 5 pm with no admission charge.
The rest of the postcode's green space is a legacy of the docks. Russia Dock Woodland and Stave Hill Ecological Park occupy infilled dock land, with Stave Hill itself raised as a viewpoint over the surrounding area. Lavender Pond Nature Park is a short walk north. The Conservation Volunteers manage both ecological parks. Older listings may still mention the Pumphouse museum beside Lavender Pond, but it closed in 2011 and no longer exists. The building is now home to Pumphouse Nursery and Family Club.
The Thames Path runs the length of the peninsula, and walking it from Bermondsey round to Greenland Dock is a good way to see how the area fits together. It passes the Mayflower, St Mary's Church, Surrey Docks Farm and a series of dock basins and moorings.
Surrey Quays Shopping Centre remains the main shopping destination in the postcode. It is still trading, with high-street stores, restaurants and the Tesco Extra at Surrey Quays Centre on Redriff Road, which opens 6 am to midnight Monday to Saturday and 11 am to 5 pm on Sunday. The centre is inside the Canada Water Masterplan site and will eventually be demolished. However, British Land has said that will not happen until a replacement Tesco is built.
For more local shopping, The Blue Market at Market Place, just off Southwark Park Road, is Bermondsey's traditional street market and trades Wednesday to Saturday from 10 am to 5 pm, with fresh produce, street food, household essentials, and a long-established butcher. One practical consequence of the leisure park closing is that SE16 currently has no cinema and no bowling alley of its own, so you need to travel outside the postcode for either.
Canada Water Library at 21 Surrey Quays Road is the flagship local library, open 8 am to 8 pm Monday to Friday, 9 am to 5 pm on Saturday and midday to 4 pm on Sunday. It has 41 study spaces, rooms for hire, and a Library of Things that lends household items such as carpet cleaners, drills, and projectors.
The Mayflower at 117 Rotherhithe Street is a historic option, with a wooden deck over the water and a menu of British pub food. Further east along the same street, The Salt Quay at number 163 is a larger pub with a riverside beer garden and Sunday roasts, which stays open until 11 pm most nights. The Barn at Surrey Docks Farm, run by Pear Tree Kitchen, serves coffee and pastries during the day on the Thames Path.