Bermondsey is situated on the south bank of the River Thames in the London Borough of Southwark and is one of the capital’s most up-and-coming areas, with an array of new property developments and additions to the growing social scene, meaning it is exceptionally appealing to flat and house hunters.
Having been regenerated in the 1980s after sitting derelict for several decades and with continued regeneration since, Bermondsey now has an array of new homes, bars, cafes, pubs, restaurants and coffee houses.
Bermondsey Property Market
According to OGPS Global, Bermondsey is projected to experience a significant rise in house prices, with estimations being approximately 22% over the next five years. Additionally, rental values are also anticipated to grow by around 13%. This positive outlook for the property market in Bermondsey makes it an appealing location for potential buyers and investors seeking potential returns in the coming years.
Several factors drive property prices in Bermondsey. Its popularity stems from its proximity to the centre of London and its vibrant cultural scene, complemented by recent regeneration efforts that attract buyers and renters. Convenient transport links, limited housing supply for desirable properties, and high demand from property investors seeking capital growth and rental yields all contribute to the upward price trend. Additionally, significant gentrification in the area, with new establishments appealing to a younger and wealthier demographic, further impacts property values in this sought-after London neighbourhood.
Property Types in Bermondsey
Hailed as ‘the new Hoxton’, populated by students and young professionals drawn to its vibrant cultural scene, Bermondsey is right up there with the trendiest locations in London. With Bermondsey becoming more popular, developers have spotted an opportunity to offer stylish flats to rent in Bermondsey, with most pieces of spare land earmarked for future development.
For those looking for property in Bermondsey with period features, the Dickensian warehouses such as The Jam Factory and those around Shad Thames and Butler’s Wharf certainly fit the bill. These areas are serviced by fancy restaurants, delis and the Design Museum, bought by Terence Conran in the 1980s as a way to boost what was then a crumbling neighbourhood.
The latest major development is Bermondsey Spa, a vast regeneration scheme between Spa Road and Jamaica Road, which will ultimately see the construction of more than 2,000 new homes. A joint venture between Southwark Council and the Hyde Group, the development will create two new health centres, an NHS dental practice, pharmacy, youth and play facilities, re-landscaped open space, shops, and new council offices.
Bermondsey has an eclectic array of property styles available to residents. Georgian properties from the early 18th to early 19th centuries showcase symmetrical facades, large sash windows, and elegant proportions.You’ll also find elegant Regency properties that were constructed during the early to mid-19th century. These homes resemble Georgian architecture but are distinguished by their more ornate appearance, showcasing stuccowork and decorative detailing. Many properties display a range of Victorian styles, including Italianate properties featuring red brick facades and Gothic Revival homes inspired by medieval cathedrals.
The area also showcases Edwardian properties from the late 19th to early 20th centuries. These homes harmoniously blend Georgian, Victorian, and Arts and Crafts styles, often featuring bay windows and terracotta ornamentation. Reflecting its industrial past, Bermondsey is home to several residential conversions of old warehouses, preserving high ceilings, large windows, and exposed brickwork, bringing a touch of history to modern living. In-sync with its rich heritage, Bermondsey's property marketplace is complemented by contemporary residential developments that seamlessly integrate modern materials while paying homage to the area's past.
Buying Property in Bermondsey
If you’re considering investing in the London property market, Bermondsey's strategic location across the River Thames from the City of London makes it an ideal option. With convenient transport links and being a rapidly gentrifying area, it is an area that is attracting new investment and development. This means there is great potential for substantial capital growth. The housing options are diverse, from Georgian townhouses to warehouse conversions, which suit various investment preferences and budgets.
Bermondsey's eclectic community, showcased through a mix of shops, restaurants, and bars, adds vibrancy to the area. Its inclusive environment caters to families, professionals, and individuals alike. Overall, Bermondsey's blend of location, growth prospects, and varied offerings positions it as a compelling choice for property investment in London.
Renting Property in Bermondsey
Bermondsey offers a strong case for renters due to its historical charm and vibrant community that offers a fantastic lifestyle. The area has a rich past, therefore appealing to history enthusiasts. With a bustling array of shops, restaurants, and bars, Bermondsey caters to those seeking an engaging and lively atmosphere.
Its practicality extends to transport, with multiple tube stations, buses, and trains for easy city-wide access. Moreover, Bermondsey provides affordable rents compared to other London areas, making it a practical option for budget-conscious renters.
In summary, Bermondsey presents a balanced package: historical appeal, energetic community, convenient transport, and cost-effectiveness. It is a great choice for those in search of a well-rounded renting experience in London.
Buildings of Significance in Bermondsey
The remnants of Bermondsey Abbey, established in 1082, can still be seen today in Bermondsey Square. This Grade I listed building showcases a fascinating blend of Romanesque and Gothic architecture.
Amongst the array of historic buildings around Bermondsey is St. Mary Magdalene Church, another Grade I listed gem. With origins dating back to the 12th century, the church features a mix of Norman and Gothic architecture with pointed arches, ribbed vaults, and intricate tracery.
Once a thriving brewery, The Old Brewery is now transformed into a residential development that retains some of its original features, including a red brick facade and arched windows. This Grade II listed building still serves as a venue for weddings, events, and unforgettable photo opportunities.
Once a vibrant leather market, as the name would suggest, The Leathermarket has transitioned into a bustling shopping and residential development. Maintaining its Grade II listed status, this building continues to draw visitors.
Bermondsey has a good mix of primary and secondary schools. You can view a selection of these below:
Past Regeneration Projects in Bermondsey
The Victorian Drinking Fountain Restoration project in Bermondsey involved the meticulous restoration of a historical drinking fountain situated on Watch House, Bermondsey Street. This significant undertaking was made possible with support from the Bermondsey Square Community Fund, which contributed to the fountain's rejuvenation. The restoration initiative is part of a broader London-wide campaign led by the Heritage of London Trust (HOLT) to revive and preserve Victorian-era drinking fountains across the city. These fountains serve as cherished landmarks and play a vital role in the landscape. HOLT's campaign, which has been ongoing for five years, aims to reinstate these historical features that had been deactivated in the 1970s and 1980s, thus promoting sustainability by providing more access to free water refill stations and reducing plastic pollution.
Regeneration Projects in Bermondsey
Bermondsey is undergoing several exciting regeneration projects. Some of the major initiatives include:
The collective impact of these regeneration efforts aims to breathe new life into Bermondsey, creating a more alluring and sustainable environment for residents, businesses, and visitors alike.
Bermondsey’s flourishing community spirit is evident in the neighbourhood and has a positive and distinctive sense of unity.
Bermondsey Street Community: By organising a range of events that celebrate the area's culture and providing a platform for local residents and businesses to connect, this group helps to creates a strong sense of community. Encouraging a shared neighbourhood identity, this initiative plays a vital role in enhancing the overall appeal of Bermondsey.
Bermondsey Square: This organisation provides vital support to the community through a range of funded projects. By backing local initiatives and addressing community needs, it strengthens the connections between residents and businesses. Through collaborative efforts and shared progress, Bermondsey Square fosters a sense of community identity, enhancing the neighbourhood's appeal as a vibrant and engaging place to live and interact.
Bermondsey Social Club: This venue offers the local community a unique event space, accommodating up to 120 people for private hire. It serves as a place for local residents to host events and promote local nights, showcasing the talents of local DJs, musicians, and performers. Situated in the heart of Bermondsey and accessible to both residents and visitors, the club also extends its use for corporate venue hire.
Big Local Works: This Bermondsey-based charity offers essential services to support local residents in strengthening their socio-economic resilience. With expertise in employment support, financial inclusion, and community engagement, Big Local Works plays a vital role in enhancing residents' lives, improving their financial well-being, and fostering a sense of community support in the area.
Bermondsey, located in Zone 2 of London, is well-connected through the Jubilee Line.
These transport options provide efficient and convenient travel to and from Bermondsey, ensuring easy access to various destinations across London.
To find out more about what this area has to offer, including further information on our range of Bermondsey properties, feel free to contact our team today.
Bermondsey was the site of London's first railway. The London and Greenwich Railway, which was the capital's inaugural railway, had its original terminus at Spa Road railway station in Bermondsey. The railway opened in 1836, and on February 8, 1836, the first train departed from Deptford for Spa Road Station. The railway played a vital role in developing and expanding the railway network in London and beyond. The London and Greenwich Railway viaduct, comprised of 878 brick arches, was constructed in 1834 and changed hands multiple times. Throughout its history, the station itself underwent several reconstructions. The historical significance of Bermondsey as the location of London's pioneering railway adds to its rich heritage and cultural identity.
The Fashion and Textile Museum is a focal point on Bermondsey Street – the area’s heartbeat –, and there are also a small number of art galleries close by. On the site of Bermondsey Abbey is the newly revamped Bermondsey Square which is home to the New Caledonian Antiques Market. This market has ensured that there are several antique shops and warehouses in the vicinity.
On the horizon, quite literally, is The Shard which stands as Europe’s highest skyscraper, with other attractions including HMS Belfast, the bustling Borough Market and the Brunel Museum.
There are several local pubs within Bermondsey. We asked the Hastings International team their favourites, and the following came up tops: The newly revamped Bunch of Grapes, situated a few minutes walk from London Bridge Station, Hand & Marigold on Bermondsey Street, which offers traditional pub food with a variety of beers, wines and spirits. Other nearby fondly frequented pubs include Marquis of Wellington, Simon the Tanner, Suchard Pub, The Britannia, The Hartley and The Hide Bar, home to some of London’s best cocktails.
Bermondsey has a large and diverse selection of restaurants: Magdalen serves traditional, classic and seasonal dishes; Tentazioni’s chef Riccardo Giacomini’s style is contemporary Italian; and Champor-Champor offers a unique Asian dining experience of Thai-Malay cuisine. In the heart of Bermondsey lays Constancia, which serves typical Argentine flavours, and Hutong on Thomas Street serves up the diverse cuisines of Northern China.
Following the redevelopment of Bermondsey Square, there is a weekly Antiques Market which holds many much-loved second-hand and historic objects, traditionally china, silver, furniture and glassware.
Old Kent Road has the largest number of shops in the area, including hair, beauty & nail salons, gift shops, booksellers, take-away food shops, dry cleaners, internet cafes, off-licences and a Lidl.