SE1 is split between the boroughs of Lambeth and Southwark and includes a number of locations such as Bermondsey, Borough, London Bridge, Elephant and Castle, Waterloo and Lambeth.
With the River Thames at its northern boundary, it also features eight bridges: Tower Bridge, London Bridge, Southwark Bridge, Blackfriars Bridge, Waterloo Bridge, Westminster Bridge, Lambeth Bridge and Vauxhall Bridge.
As you would expect from a central London location, transport links are extensive, with national rail services at Blackfriars, Elephant and Castle, Cannon Street, London Bridge, Charing Cross, Waterloo East and Waterloo. Tube stops can also be found at Waterloo, London Bridge, Elephant and Castle, Borough, Lambeth North, Southwark and Vauxhall.
The area is home to some of the biggest and best attractions in the city, including Tower Bridge, The Shard, the Tate Modern, The Globe Theatre, The National Theatre, the Royal Festival Hall, HMS Belfast, the Imperial War Museum and more.
SE1 has undergone a great deal of regeneration, and the next big project will see Elephant and Castle renovated to include 5,000 new homes, a pedestrianised zone and more green spaces.
In terms of property in SE1, there is plenty on offer, matching a wide variety of styles and tastes. The river front is home to a number of luxury executive apartments, many of which are warehouse conversions such as Burrells Wharf which is located towards Tower Bridge Road, the popular Clink Wharf on Clink Street and new developments such as those along Long Lane, near to Borough tube station.
To the east is Bermondsey where you can find some of the more affordable SE1 flats to rent or houses to buy. In Elephant and Castle the prices are even more reasonable, perhaps the most affordable area within Zone 1 of the London Underground in fact. Homes on the Old Kent Road mainly consist of one or two bed flats above commercial properties; however, some terraced and semi-detached properties are also available.
Elsewhere the highly desirable Trinity Church Square is located in the area of Borough, a beautifully preserved square of Georgian townhouses. Most of these large terraced houses have been converted into flats, although some remain in their original terraced form.
Westminster Bridge Road is where you can find six-figure executive apartment buildings, with the Albert Embankment being slightly more affordable yet still extremely popular. For those on a much tighter budget there are a large number of ex-local authority properties in SE1 located at Greet House on Frazier Street.
We have a selection of new developments available in SEI including One the Elephant and Elephant Park in Elephant & Castle, Parliament House in Lambeth and Strata that can be found on Walworth Road.
To find out more about what this area has to offer, plus the wide range of SE1 Property available, feel free to contact our estate agent office on 020 7378 9000.
Properties in the London SE1 postcode area are a diverse range of buildings and architectural styles. The type of properties in SE1 represents the tremendous changes the area has undergone since the 1980s. For example, former industrial warehouses were knocked down to accommodate multistorey high rise apartment blocks. However, many streets still have excellent examples of Victorian or Georgian terraces. And many former council estates offer affordable housing near Central London.
The SE1 postcode area has some of London’s tallest and newest buildings. You will find luxury apartments in modern buildings along the banks of the Thames. Depending on area—Lambeth, Waterloo, London Bridge, or Bermondsey—you get stunning views to the City of London, the Houses of Parliament, and Tower Bridge. The best riverside apartments are generally located in Southwark and Bermondsey. Here you will find modern residential developments in contemporary new build blocks or converted warehouses.
Part of the attraction of living in SE1 is the availability of Victorian and Georgian terraced houses. For example, in Lambeth between Kennington Road and Newington Butts, you will find terraces with two and three-storey Georgian townhouses. Many of these streets offer affordable housing in converted period flats. Fine examples of Victorian homes in SE1, are in Bermondsey between Old Kent Road and Southwark Park. Here two-storey Victorian cottages dominate the housing stock.
Due to its industrial past, many of the SE1 areas like Southwark, Bermondsey have spacious warehouse conversions offering loft-style living. Some of the best examples of riverside converted warehouses are on Bermondsey Street and Shad Thames. However, you can still find affordable conversions away from the river in ex-industrial buildings in Elephant and Castle and Bermondsey.
In 2021, the average property in SE1 was £715,000, which is well above the London average of £620,000. However, it’s good to note that the diverse range of properties mean that many property sell for below the Capital’s average. Property prices range from £105,000 to £3.4 million.
New-Build Properties in SE1
The neighbourhoods in London SE1 have become thriving neighbourhoods and shaken off their industrial past. New-build developments continue to inject life into the area, making more housing available. Most of the newest developments are in Borough, Southwark, and Bermondsey. New multi-storey apartments include one to three-bedroom apartments. Many of these developments have affordable housing with deals on shared-ownership flats.
SE1 Properties to Let
Due to the availability of affordable property to rent, flats and houses in SE1 are popular with renters. There is plenty of rental accommodation to suit all budgets—from ex-council flats to terraced family homes and luxury riverside flats.
In London SE1, the average rent for a one or two-bedroom flat is £570 per week. However, due the diversity of property for let available, rental prices range from £300 to £900 per week. Generally, the cheapest accommodation in SE1 is flats in social housing estates further form the Thames.
The advantage of renting in SE1 is the wide availability of transport links. Most SE1 neighbourhoods are in Zone 1. This makes communing to Central London or Canary Wharf cheap and fast.
Continued regeneration of Southwark, Borough, Bermondsey, Elephant and Castle, London Bridge and Waterloo and Lambeth mean that there are plenty of opportunities for investors. Therefore, there are plenty of opportunities to invest in buy-to-let properties to tap into the bustling rental market.
SE1 is a large area and includes a large number of primary schools. Some of these include Johanna Primary School, Tower Bridge Primary School, Henry Fawcett Primary School, Crampton Primary School, Snowsfields Primary School, St George's Cathedral Catholic Primary School, Grange Primary School and Charlotte Sharman Primary School.
It also has many secondary schools to choose from, including London Nautical School, ARK Globe Academy, Oasis Academy Southbank, Bacon's College, DLD College London, Harris Academy Bermondsey, Notre Dame Roman Catholic Girls' School and Walworth Academy.
The SE1 area has undergone a large amount of regeneration since the 1980s, and more is planned. According to Southwark Council, 40% of Southwark is under regeneration, and there are developments in the area valued at £4 billion.
The next big regeneration project in the area is Elephant and Castle, which is planned to be completed in 2025. This will consist of a new pedestrianised zone, market square, 5,000 homes, retail space and more green spaces.
Bermondsey Spa is also to be improved by Southwark Council and the Hyde Group. Over 2,000 homes will be built, along with play facilities, open spaces and more.
Aylesbury Estate is also being transformed to include better parks, open spaces, new homes and more in an ongoing project.
From the 18th century the south bank of the river developed into an artistic centre long after the already-developed north bank. Free from restrictions of space, censorship and licensing, many theatres and music halls were built and remain to this day. Because of its proximity to fresh water, the area also became popular with industry and subsequently saw a surge in its population.
Since the Second World War, when the area was targeted by bombs, and more recently following the dramatic population decline in the 1970s, the area has received significant funding to aid regeneration and re-development. As a result, the river front now features converted Victorian warehouses, post-war public buildings (such as the Royal Festival Hall) and modern architecture such as the City Hall.
SE1 is a large area and it is well connected with the rest of London. It has a large number of Underground and Overground stations, as well as numerous bus routes operating.
There are six Underground stations in SE1:
SE1 has four stations:
From Borough Station, the following bus routes operate: 35, 40, 133, 343, C10, N133, N343
Three bus routes operate from Waterloo Station: 4, 172, 341
Five bus routes operate from Southwark Station: 45, 63, 100, N63, N89
SE1 covers an extensive area of London, and it is home to some of the biggest and best attractions in the city.
Cultural attractions including the Tate Modern and Globe Theatre can be found on the Southbank, and a number of other big name theatres are located here, including The Old Vic and The National Theatre.
Further west, you can visit the London Eye and enjoy the spectacular views from the top in one of London's most iconic modern landmarks.
The Royal Festival Hall is also located in SE1, and HMS Belfast is moored in between Tower Bridge and London Bridge. You can also visit the Imperial War Museum, or you could head up to the viewing platform in The Shard to enjoy the best views of the city.
On the social side of things, clubs and bars are fast-emerging in the many disused railway arches and Bermondsey Street, thanks to its proximity to Borough Market.