Rental and sale prices in South Bank

The prices below are for properties currently available to buy or rent in South Bank. They are recalculated daily to incorporate new properties being put on the market.

Rental and sale prices:

Bedrooms Sale price Weekly rent Yield
1 £693,858 £509 3.8%
2 £1,542,225 £688 2.3%
3 £2,459,426 £1,132 2.4%
4 £1,250,000 £831 3.5%

The average yield of residential rental property in South Bank is 3.0% per year.

This is much lower than the London average. Most (or all!) of the investment return will be due to capital growth (see below) and therefore could be highly speculative.

Price per square foot:

Area Price per ft2 Price per m2
South Bank £0/ft2 £0/m2
Greater London £930/ft2 £10,000/m2
Within the M25 £770/ft2 £8,300/m2
Floor area in South Bank is cheaper than the London average. Therefore this could be a good area if you need lots of space.

House price growth (per year)

We've calculated the annual growth in house prices for each street in South Bank, over the last 5 years. The best and worst performing streets are listed below.

Example:

A £100,000 property bought on Whittlesey Street 5 years ago would now be worth £219,227 (17% growth per year).

Whereas a £100,000 property bought on Lower Marsh 5 years ago would only be worth £107,965 today (2% growth per year).

Rental yield in most of London is often quite low. Instead, investors rely on the value of the house to increase to provide a return on their investment. This is called capital growth.

Capital growth is not uniform across London - in fact, it often varies widely from street to street. Pick the right street and you can make a fortune!

On average, property prices in South Bank have grown at 7% per year for the last 5 years.

This is around the London average. Therefore you may wish to search in another area if very high capital growth is important!

Transport and connectivity in South Bank

Good transport connections will make your daily commute less painful, and can increase the value of property.

Travel times below are the average weekday peak travels time from the postal sector to central London termini, by the quickest means of public transport.

Tube and train stations in South Bank:

  • Lambeth North (zone 1)
    • Bakerloo
  • Waterloo (zone 1)
    • Bakerloo
    • Jubilee
    • Northern
    • Waterloo & City
    • National Rail
  • Embankment (zone 1)
    • Bakerloo
    • Circle
    • District
    • Northern

Travel times from South Bank to central London:

  • Victoria - 21 minutes
  • London Bridge - 17 minutes
  • King's Cross St Pancras - 32 minutes
  • Waterloo - 10 minutes
  • Paddington - 30 minutes
  • Liverpool Street - 26 minutes
South Bank has quite good connections with the rest of London by public transport.

There are 3 tube and train stations within easy walking distance.

The nearest London terminus to South Bank is Waterloo station, which is around 10 minutes away by public transport.

The demographics of South Bank

Only 10% of the population of South Bank are children, which is much lower than the average in London. South Bank is not a popular area for families.

However South Bank is more popular with working-age people - such as graduates and young professionals - who make up 80% of the population. This is above average for London.

The proportion of residents out of work and on benefits in South Bank is about average for London, at 7%.

South Bank has a high crime rate compared to the rest of London, at 23 crimes per 1000 residents each year. However in central London these crime rate statistics can be misleading, as the number of residents is low, and the majority of crimes are committed on visitors/workers in the area, rather than residents. London is a safe city, so don't let this put you off!