Borough and Bankside house prices,and what they mean.

The median existing home in Borough and Bankside sold for £630,000 over the 12 months to July 2026, and 114 homes sold there in 2025. Covers the streets around Borough High Street, Great Suffolk Street and Bankside. Neighbourhood boundaries are informal: these figures cover the postcode sectors SE1 0, SE1 1, SE1 9.

Median sold price: £630,000; Existing homes, including flats
Change on the year: –; Too few sales to compare reliably
Homes sold: 114; in 2025
Sold above £500,000: 65%; England: 19%

By type of home

What each type sells for.

Median sold prices by property type in Borough and Bankside, the 12 months to July 2026
Type	Median	Change	Sales
Detached houses	Too few sales	n/a	0
Semi-detached houses	Too few sales	n/a	1
Terraced houses	Too few sales	n/a	6
Flats and maisonettes	£615,000	n/a	87

Check the price range for one type of home. Half of existing homes sold went for between £435,000 and £975,000, and 93% were leasehold. New builds, counted separately: 9% of sales in the 12 months to July 2025.

Price spread

Where sales fall.

Under £150k1
£150k to £250k1
£250k to £350k3
£350k to £500k28
£500k to £750k23
£750k to £1m15
£1m+23

Ten years of prices

The median sold price, year by year.

Calendar years. Five-year change (2020 to 2025): −10%.

How it compares

Against the wider area.

Borough and Bankside£630,000
Southwark£535,000
England£295,000

Busiest months

January: 6% of sales
February: 8% of sales
March: 8% of sales
April: 5% of sales
May: 7% of sales
June: 9% of sales
July: 9% of sales
August: 10% of sales
September: 12% of sales
October: 11% of sales
November: 9% of sales
December: 6% of sales

Share of completed sales by month, 2022 to 2025. The three busiest months are highlighted.

What the numbers mean

Reading the Borough and Bankside market, from both sides.

Figures tell you what has happened. What they mean for one home, and one decision, depends on the details.

If you are selling

Buyers with more at stake

With about one in 2 sales above £500,000, many buyers in Borough and Bankside are borrowing large sums. Their lender's valuer has to agree with the price, so an asking price that runs ahead of local comparable sales can unravel weeks after an offer is accepted.

Why down-valuations happen

A wide spread of prices

The middle half of homes sold in Borough and Bankside went for between £435,000 and £975,000. With a spread that wide, the overall average says little about any one home; what matters is what comparable homes nearby have sold for.

When sales complete

Completions in Borough and Bankside have peaked in September, October and August over the last four years. Sales usually take a few months to complete, so those peaks reflect offers agreed well before.

Choose the agent you like. Make sure you like the deal too.

Most sellers instruct the agent they feel most comfortable with. Before you sign, Jon can check the asking price, the fees and the contract terms are as good as the relationship. Read choosing an estate agent: valuations, fees and the contract.

Tell Jon about your sale

If you are buying

A higher-value market

About one in 2 sales in Borough and Bankside is above £500,000, compared with 19% across England. At these prices a down-valuation or a survey issue moves the numbers by tens of thousands of pounds, which is when an independent view is worth having.

Down-valuations explained

Plenty of leasehold

93% of homes sold in Borough and Bankside were leasehold, mostly flats. Lease length, service charges and ground rent all affect value and whether a lender will lend, so they deserve attention before an offer, not after.

Compared with Southwark

The median price in Borough and Bankside is 18% above the figure for Southwark as a whole (£535,000).

Thinking of buying or selling in Borough and Bankside? Jon Pulman has spent his career in English estate agency. Tell him about your situation and he will tell you honestly whether a consultation would help.

Tell Jon about your situation

Local knowledge

What Jon knows about these streets.

From Jon's years in London estate agency and branch management from 2000 onwards.

Bermondsey, Borough, London Bridge and Waterloo (SE1)

SE1

SE1 covers some very different markets within a short walk. Around Shad Thames and Bermondsey, converted Victorian warehouses close to Tower Bridge are the signature homes, and loft-style space and river proximity drive the prices. Borough and London Bridge mix period streets, including some fine Georgian squares, with modern blocks. Waterloo and the South Bank are mostly flats, many bought by people who want to walk to work. Elephant and Castle has seen large-scale regeneration, adding thousands of new homes.

Almost everything here is leasehold, so lease length, service charges and building condition matter as much as the flat itself. Noise is the other local factor: railway viaducts, busy roads and lively markets are part of the area’s appeal for some buyers and a drawback for others, and two similar flats can sell for very different sums because of it.

Former council flats offer a way in at lower prices, but some lenders are cautious about high-rise or non-standard construction, so check the mortgage position early.

Jon's notes describe the character of an area and what tends to drive value there. The figures above show what the market is doing now.

Questions

Borough and Bankside house prices: common questions.

What is the average house price in Borough and Bankside?

The median sold price of an existing (second-hand) home in Borough and Bankside over the 12 months to July 2026 was £630,000, based on 94 sales registered with HM Land Registry so far. Half of them went for between £435,000 and £975,000. New builds are counted separately, because they take much longer to be registered.

How much does a house cost in Borough and Bankside?

Median sold prices in Borough and Bankside over the 12 months to July 2026: flats and maisonettes £615,000.

How many homes sell in Borough and Bankside each year?

114 homes sold in Borough and Bankside in 2025, and sales of existing homes were −1.8% on 2024. These are standard open-market sales at full price; repossessions, sales to companies and buy-to-let purchases that Land Registry can identify are excluded.

Why might a home in Borough and Bankside sell for more or less than these figures?

These are medians across every home sold, so they mix flats with large detached houses and plain homes with exceptional ones. A single home's value depends on what comparable homes nearby have sold for, its condition and the market at the time. Sales also take weeks or months to appear in Land Registry records (new builds up to a year), so the latest months are still filling in.

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