A number of bus routes, tube stops and mainline train services ensure that the area is well connected to other parts of the capital and beyond. Underground stations include Bermondsey and Canada Water on the Jubilee line, while the former stops at Surrey Quays and Rotherhithe are now part of the new London overground system.
The area is home to one of the largest regeneration projects currently underway in London, Canada Water. This £2 billion project covers 46-acres and will see the building of 3,500 new homes as well as an entertainment hub, high-rise buildings and a new high street.
SE16 is an interesting area with plenty of things to see and do, including Surrey Quays Shopping Centre, Southwark Park, the Coleman Projects Space, Lavender Pond Nature Reserve, Surrey Docks Watersports Centre and Surrey Docks Farm.
The property in SE16 fits into two main categories – the family home and professional pad. Family housing is located centrally, set back from the river and includes some period properties, however the majority were badly damaged during the Second World War. The bulk of the estate agents in SE16 offer an abundance of flats on the river front, either within modern apartment blocks or conversions of former wharves, which are popular amongst young professionals working in Canary Wharf or the City.
Situated on Rotherhithe Street which runs all the way around the northern edge of SE16, parallel to the Thames is Hays Court and its selection of luxury apartments. Flats on the eastern side of the postcode are slightly less expensive, such as those in New Caledonian Wharf, Canada Wharf, Ivory Wharf and Iceland Wharf.
SE16 also has a high number of affordable high rise flats, some of which were formerly council owned, such as Landmann House, Addy House, the lower rise block on Raymouth Road and the Irwell Estate.
To find out more about what this area has to offer, plus the wide range of property available in SE16, feel free to contact our estate agent office on 020 7231 1066.
Properties in the London SE16 postcode area consist of a wide range of flats and houses, ranging from period terraces to fancy warehouse conversions and luxurious riverside apartments. The SE16 area is a unique neighbourhood of London that has undergone extensive regeneration. Some of the best SE16 properties are located close to Southwark Park, Stave Hill nature reserve, or Surrey Quays.
SE16 is a sought-after area of London offering affordable housing close to Canary Wharf. The most desirable flats and luxury apartments are located along the River Thames. Since the area’s regeneration in the 1980s, former industrial buildings have been converted into spacious, contemporary apartments. From Bermondsey Beach and along the banks of the Thames in Rotherhithe to Surrey Quays, you will find apartments with private balconies and stunning views over Limehouse and Canary Wharf.
The areas around Southwark Park and Stave Hill nature reserve are desirable SE16 locations for families and young professionals. Here, you will find quiet cul-de-sacs with Edwardian and Georgian terraces next to open green areas. There are also small estates with two and three-bedroom semidetached homes with private gardens and off-street parking.
Some of the best SE16 streets to live in are along the river. For example, Rotherhithe Street has large townhouses with private garages, stucco fronts, and stunning views of Limehouse.
In 2021, the average cost of property in London SE16 was £542,000, which is significantly cheaper than the average house price of £620,000. But it’s good to remember that prices vary depending on the location and number of bedrooms. For example, the cheapest SE16 areas to buy a house or flat are in Bermondsey, where ex-council flats or maisonettes can sell for under £300,000. However, on the other end of the scale, spacious three-bedroom apartments with views over the Thames sell for £1 million and upward.
New-Build Properties in Postcode SE16
Like all former dockland’s areas, the SE16 neighbourhoods of Rotherhithe, Surrey Quays and Southwark underwent significant regeneration in the 1980s. New developments continue to bring luxury flats to the area, some of which have excellent shared ownership offers
In Bermondsey, large housing developments on Grange Road and Newham’s Yard will bring hundreds of well-appointed one to three-bedroom flats to the area. These new-builds and renovations will combine office space, restaurants, and pedestrian areas.
Additionally, in Surrey Quays, new-build apartment blocks around Greenland Dock and South Dock will continue to transform the area into a vibrant residential neighbourhood with views over the Quays and inland waterways. Other notable new-builds in SE16 include Canada Water, Dockley Apartments, and Milli House on Ilderton Road.
Properties to Rent in SE16
SE16 is a popular area for renters who want to live close to Canary Wharf. Due to the wide range of housing stock, there is something to suit all budgets. The average price for a rented one or twobedroom flat in SE16 is £520 per week. This is lower than the London average of £790.
However, it’s worth remembering that SE16 is large, and rental prices vary significantly. For example, the cheapest area in SE16 to rent a one or two-bedroom flat is Bermondsey, where you could pay as little as £350 per week. At the other end of the scale, renting a luxury loft-style warehouse conversion with views over the Thames could cost up to £1,000 per week .
Renters who live in SE16 and work in the City of London or Canary Wharf save money and time on the daily commute. The journey to Canary Wharf is one stop from Canada Water, and there is a ferry between Surrey Quays and the financial district.
High demand and new residential developments in SE16 mean that the area is attractive to investors who want to purchase a buy-to-let property.
In the SE16 area you can choose from a number of primary schools including St James C of E Primary School, St John's Catholic Primary School, St Joseph's RC Primary School, Rotherhithe Primary School, Riverside Primary School, Redriff Primary School and Albion Primary School.
You also have a wide selection of secondary schools to choose from, including the City of London Academy, Bacon's College, St Michael's RC Catholic College, Cavendish School and Compass School Southwark.
The biggest project underway in SE16 is the Canada Water project. This £2 billion project is covering 46-acres and it will take 15 years to complete. It will comprise high-rise buildings up to 50 storeys and will renovate the Harmsworth Quays Printworks, the Surrey Quays Shopping Centre and the Mast Leisure Centre. 3,500 new homes will be built, along with a new high street and entertainment hub.
The South Dock Marina is also being renovated to provide better boatyard facilities, more retail space and parking space, and more homes. The Albion Street Civic Centre is another residential redevelopment project in the area.
Albion Street is also being regenerated, and power points were recently installed for street markets. In addition, the Albion Street Primary School is being replaced.
Now extremely accessible, historically this wasn’t always the case as Bermondsey was once riverside marshland. Despite the best efforts of the Great Fire of London, the area grew naturally and became popular with the richer upper classes. Samuel Pepys made reference to the pleasant garden suburb in his 1664 diary and in the 1700s Bermondsey then became a spa, further enhancing its high-browed reputation.
The Industrial Revolution, however, and the growth of the docks turned Bermondsey into a bustling hub of industry and trade. Rotherhithe also developed as a port and was where the Mayflower departed when it transported the Pilgrim Fathers to America in 1620. Surrey Quays and Canada Water originally featured over 15 working docks used by fishermen from the North Atlantic, with Whaling Ships unloading blubber at Greenland Dock to be used to produce oil.
SE16 is a well-connected area, containing a number of Underground stops, train stations and bus routes.
There are two Underground stations in SE16:
There are four train stations in SE16:
A number of buses run from Surrey Quays station, including: 1, 47, 188, 199, 225, 381, N199, N381
From South Bermondsey Station, one bus route operates: P12
Three bus routes run from Rotherhithe Station: 381, C10, N381
In the present day, SE16 has to a large extent moved on from its maritime heritage, diversifying into a place which appeals to commuters, shoppers, tourists and house hunters.
Surrey Quays Shopping Centre, for example, has a number of high street stores, a supermarket and a large selection of bars and restaurants. Hollywood Bowl provides further glitzy entertainment while the more cultured frequent the Coleman Projects Space, a gallery and art centre with a wide range of exhibitions and shows or 100 Black Men, a museum dedicated to the history of the black London community.
Southwark Park on Jamaica Road provides SE16 residents with large, open green space and the perfect place to escape the hustle and bustle of the city. Highlights within the park include Dilston Grove, a particularly beautiful and tranquil spot, Cafe Gallery, which hosts art displays and serves refreshments, and a bandstand, which is used for free concerts.
Other local parks and nature reserves include Cherry Gardens, Stave Hill Ecological Park, and Lavender Pond Nature Reserve.
The nearby Lavender Pond Pumphouse has an adjoining museum and Lavender Dock Walk gives a glimpse into the area’s past as it leads past some of the significant historic buildings and moorings.