Local market reports › SE area › SE1 › SE1 2
Bankside market report SE1 2, London
The standing SE1 2 (Bankside) property market report, rebuilt from the full public record every month. Everything below comes from 6,840 sales recorded by HM Land Registry in SE1 2 (London) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: 35 registered 2026 sales put the SE1 2 (London) median at £670,000, down 6% on five years earlier, with a mean of £827,900, and by floor area homes here have averaged about £9,930 per square metre over the last five years. Everything rests on 6,840 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
A postcode sector like SE1 2 is a single group of streets within SE1 (London), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where SE1 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What SE1 2 homes really sell for
The 2026 median for SE1 2 is £670,000, taken from 35 registered sales. The mean, which is what most sites call the "average house price", is £827,900, a long way above it, which tells you a few very expensive sales are pulling the average up.
What a square metre costs in SE1 2
Averaged across five years of sales, floor space in SE1 2 costs about £9,930 per square metre. Each sale's Energy Performance Certificate supplies the floor area, and pricing by the metre is what lets flats and houses share one scale.
Set against the £285,000 England and Wales median, SE1 2 sits 135% above the national market.
The price of a typical SE1 2 home, 1995 to 2026
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £670,000 | £670,000 | 35 |
| 2025 | £652,500 | £668,103 | 122 |
| 2024 | £700,000 | £744,244 | 141 |
| 2023 | £700,000 | £769,129 | 113 |
| 2022 | £762,500 | £894,118 | 142 |
| 2021 | £712,500 | £902,117 | 128 |
| 2020 | £718,500 | £932,269 | 62 |
| 2019 | £760,000 | £996,178 | 80 |
| 2018 | £720,000 | £959,774 | 106 |
| 2017 | £1,200,000 | £1,636,680 | 155 |
| 2016 | £1,071,600 | £1,499,179 | 234 |
| 2015 | £800,200 | £1,130,683 | 228 |
| 2014 | £747,500 | £1,060,459 | 180 |
| 2013 | £607,000 | £873,412 | 175 |
| 2012 | £545,000 | £802,172 | 158 |
| 2011 | £480,000 | £724,615 | 177 |
| 2010 | £485,000 | £760,605 | 177 |
| 2009 | £410,000 | £659,078 | 145 |
| 2008 | £457,500 | £749,939 | 124 |
| 2007 | £442,500 | £750,603 | 228 |
| 2006 | £385,000 | £668,311 | 333 |
| 2005 | £320,000 | £569,471 | 246 |
| 2004 | £322,000 | £584,815 | 267 |
| 2003 | £319,900 | £589,333 | 302 |
| 2002 | £275,000 | £517,410 | 316 |
| 2001 | £245,000 | £471,000 | 573 |
| 2000 | £242,000 | £474,925 | 477 |
| 1999 | £220,000 | £438,449 | 422 |
| 1998 | £193,500 | £390,594 | 265 |
| 1997 | £155,000 | £317,874 | 338 |
| 1996 | £131,000 | £276,273 | 199 |
| 1995 | £118,600 | £257,818 | 192 |
In cash terms the typical SE1 2 home went from £118,600 in 1995 to £670,000 in 2026, roughly 6 times the price. Adjusted for inflation it still comes to a real rise of roughly 160%, so homes here got dearer in substance, not only in cash. Measured in today's money the market peaked in 2017; the current median sits about 59% below that. Someone who bought at the 2017 peak has not yet seen that price back in real terms.
Year-on-year change in the SE1 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2016 (+33.9% on the year before); the weakest, 2018 (−40.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +2.7% | +0.3% |
| 5 years (since 2021) | −1.2% | −5.8% |
| 10 years (since 2016) | −4.6% | −7.7% |
| 20 years (since 2006) | +2.8% | 0.0% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
The turnover behind the prices
How many homes change hands
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
SE1 2 recorded 35 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 343 sales a year before the financial crisis and 111 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
What kind of market SE1 2 is
Only 35 sales completed here in the last twelve months of data, which makes SE1 2 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. Within SE1, this sector trades 22% above the district median: one of the dearer corners of its district.
The rental side of SE1 2
For renting purposes SE1 2 sits in Southwark. The ONS average private rent there is £2,394 a month (May 2026). The spread runs from £1,814 a month for a typical one-bed to £3,491 at four-plus bedrooms, which is size doing most of the pricing.
Average monthly rent by size, Southwark
ONS Price Index of Private Rents, May 2026.
£2,394 a month is £28,728 a year, which against the £670,000 median sold price makes a gross yield of 4.3%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
What people ask about SE1 2 (Bankside)
Are property prices falling in SE1 2 (Bankside)?
Is SE1 2 (Bankside) a good place to buy a house?
How much did a house sell for in SE1 2 (Bankside)?
Where do SE1 2 prices go next?
The record answers a different question than "what happens next": the median is down 6% over five years in cash but down 26% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
On the market in SE1 today
The live side of the market holds 219 homes at the moment, listed by 16 agents publishing to HomesIndex.
These cover the whole SE1 district, not just SE1 2: live asking prices are collected per district.
Of everything listed here, 24% asks less than the sold record of comparable homes. Every listing is measured against recent recorded sales of similar nearby homes.
- Devon Mansions, Tooley Street, London Bridge, London
- St. Saviours Estate, London
- Whitehouse Apartments, Southbank
"Under comparable sales" means the asking price sits below what similar homes nearby actually fetched. Treat it as the start of a conversation, never a valuation, and always view the home.
See every SE1 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
What another bedroom costs in SE
The Land Registry record, split by size: what each kind of home actually sold for across the SE area. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £516,250 | £795,000 (+54%) | £1,325,000 (+67%) | £2,025,000 (+53%) |
| Semi-detached | £375,000 | £480,000 (+28%) | £613,025 (+28%) | £870,000 (+42%) | £1,390,000 (+60%) |
| Terraced | £405,000 | £475,000 (+17%) | £630,000 (+33%) | £878,697 (+39%) | £1,275,000 (+45%) |
| Flat | £345,000 | £465,000 (+35%) | £645,000 (+39%) | £885,000 (+37%) | — |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit one size out. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
The spread across the SE area is the point: the same five years treated these districts very differently.
SE area districts: five years of change
Cash-terms risers and fallers across the area; click any row for that district's full report.
Other sectors in SE1
Prices can differ sharply between two sectors a few minutes' walk apart. The rest of SE1, each linking to its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| SE1 0 | £535,000 | 15 |
| SE1 1 | £475,000 | 16 |
| SE1 3 | £515,000 | 33 |
| SE1 4 | £470,000 | 36 |
| SE1 5 | £450,000 | 31 |
| SE1 6 | £420,000 | 29 |
| SE1 7 | £560,000 | 31 |
| SE1 8 | £585,000 | 12 |
| SE1 9 | £790,000 | 11 |
Zoom out to the full SE1 district report for the type split, monthly volumes and how SE1 compares with its neighbours.
Before you sell in SE1 2: what the record supports
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in SE1 2, open the average prices map and zoom from the SE1 2 shading down to the sold homes on your own street. Every recorded SE1 2 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim SE1 2.
Go deeper
The AI answers from the same Land Registry data this report is built on, already scoped to SE1 2. Free after a one click sign in.
The live map plots every individual SE1 2 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.