House prices in London Bridge have been rising steadily over the last 12 months, and when you examine the area in more detail, it’s not hard to see why.
The area has a huge amount to offer home-buyers and tenants alike – including some of the capital’s finest attractions, top restaurants and bars, not to mention great views of the River Thames. If you’re interested in investing in property in London Bridge, here’s some more information to inspire you.
Reasons Why London Bridge is a Great Place to Invest
- Transport links. London Bridge not only has a fantastic central location, it’s also well connected. London Bridge station is on the Northern and Jubilee underground lines, and is also connected to the mainline railway. There are several other Tube stations close by, including Borough, Cannon Street, Bank and Mansion House; not to mention a plethora of bus routes taking travellers across the city.
- Culture. If you’re thinking of buying to let in London, this location is a great option. The cultural scene is a magnet for tenants of all ages, with attractions such as Shakespeare’s Globe, the Tate Modern, the Imperial War Museum and The Shard quite literally on your door-step. The BFI Imax (Britain’s largest cinema screen) is in neighbouring Waterloo, and the famous Borough Market is also close by.
- Appealing property. High-paying tenants tend to seek attractive property to rent, making London Bridge the ideal area for landlords to invest in. Thanks to the area’s rich, illustrious history, there are plenty of period homes on the market; including several sought-after Victorian warehouse conversions. Riverside apartments tend to go quickly, as do the new developments in London Bridge, which not only offer sleek, contemporary accommodation, but a range of on-site amenities too, such as gyms and spas. As you might imagine, this is a significant draw for tenants. Although some of the properties on the market are very expensive, there are also some surprisingly affordable options, so it’s worthwhile exploring what’s available.
- High rental rates. If you’re considering buying a property to rent out in London Bridge, you’ll be pleased to hear that rental rates are currently far higher than the capital’s average. Quite simply, it’s a desirable area, and tenants are happy to pay a premium for a home here.
- Good for families. London Bridge is often associated with young professionals, but there are plenty of families here too – drawn to the area by the excellent schools and local amenities. Some of London Bridge’s schools include Beormund Primary School, Snowsfields Primary Schools, St. Paul’s Cathedral School and City of London School; and there are huge numbers of child-friendly attractions in the vicinity, including Ripley’s Believe it or Not, the London Transport Museum and SEA LIFE Aquarium.
- Natural spaces. London Bridge, despite being in the heart of the city, is surrounded by green spaces. Southwark Park is close by, with its boating lake, gardens and café, and Leathermarket Gardens in Bermondsey is just a short distance away. Residents also enjoy the riverside, with its great scenery, restaurants and pubs.