Local market reports › SE area › SE1 › SE1 3
Bankside market report SE1 3, London
The SE1 3 (Bankside) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 5,094 sales recorded by HM Land Registry in SE1 3 (London) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the 2026 median for SE1 3 (London) is £515,000, from 33 registered sales, down 23% on five years earlier; the mean is £584,000, and by floor area homes here have averaged about £9,200 per square metre over the last five years. Behind the figures sit 5,094 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
A postcode sector like SE1 3 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 3 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.
The going rate for a home in SE1 3
33 sales were registered in SE1 3 in 2026, and the middle one of them, the median, went for £515,000. The mean works out at £584,000, somewhat above it, as happens wherever a market carries an expensive tail.
House prices per square metre in SE1 3
A square metre of SE1 3 home has cost about £9,200 on average across the last five years of sales, using the floor area on each home's Energy Performance Certificate: the measure that puts a studio and a five-bed on the same footing.
The national median for England and Wales is £285,000, which puts SE1 3 81% above the country at large.
The price of a typical SE1 3 home, 1995 to 2026
The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £515,000 | £515,000 | 33 |
| 2025 | £550,000 | £563,152 | 96 |
| 2024 | £535,000 | £568,815 | 107 |
| 2023 | £570,000 | £626,291 | 92 |
| 2022 | £600,000 | £703,568 | 122 |
| 2021 | £672,100 | £850,965 | 122 |
| 2020 | £605,000 | £785,000 | 76 |
| 2019 | £565,000 | £740,580 | 79 |
| 2018 | £543,000 | £723,829 | 129 |
| 2017 | £600,000 | £818,340 | 209 |
| 2016 | £560,000 | £783,446 | 141 |
| 2015 | £578,500 | £817,421 | 242 |
| 2014 | £571,800 | £811,198 | 152 |
| 2013 | £450,000 | £647,505 | 177 |
| 2012 | £384,500 | £565,936 | 196 |
| 2011 | £395,000 | £596,298 | 167 |
| 2010 | £385,000 | £603,779 | 121 |
| 2009 | £360,000 | £578,703 | 113 |
| 2008 | £332,500 | £545,038 | 110 |
| 2007 | £325,000 | £551,291 | 228 |
| 2006 | £315,000 | £546,800 | 233 |
| 2005 | £283,000 | £503,626 | 267 |
| 2004 | £265,000 | £481,292 | 349 |
| 2003 | £245,000 | £451,349 | 187 |
| 2002 | £230,000 | £432,743 | 187 |
| 2001 | £218,200 | £419,478 | 194 |
| 2000 | £170,000 | £333,625 | 211 |
| 1999 | £150,000 | £298,942 | 249 |
| 1998 | £97,500 | £196,811 | 98 |
| 1997 | £108,000 | £221,486 | 184 |
| 1996 | £101,000 | £213,004 | 143 |
| 1995 | £100,200 | £217,819 | 80 |
In cash terms the typical SE1 3 home went from £100,200 in 1995 to £515,000 in 2026, roughly 5 times the price. Inflation explains only part of it: in today's money the rise is still about 136%, a genuine increase in what a home here costs. Measured in today's money the market peaked in 2021; the current median sits about 39% below that. Someone who bought at the 2021 peak has not yet seen that price back in real terms.
Year-on-year change in the SE1 3 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 1999 (+53.8% on the year before); the weakest, 2022 (−10.7%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −6.4% | −8.6% |
| 5 years (since 2021) | −5.2% | −9.6% |
| 10 years (since 2016) | −0.8% | −4.1% |
| 20 years (since 2006) | +2.5% | −0.3% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
Transaction volumes
How many homes change hands
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
Over the last twelve months of data, 33 sales completed in SE1 3. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 232 sales a year before the financial crisis and 90 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
What tenants pay around SE1 3
For renting purposes SE1 3 sits in Southwark. The ONS average private rent there is £2,394 a month (May 2026). A one-bed averages £1,814 a month here and a four-or-more-bed £3,491, so size does most of the work in setting the rent.
Average monthly rent by size, Southwark
ONS Price Index of Private Rents, May 2026.
Against the £515,000 median purchase price, a rent of £2,394 a month (£28,728 a year) works out at a 5.6% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
What kind of market SE1 3 is
This is a thin market: 33 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict.
SE1 3 (Bankside): the questions that come up
Is SE1 3 (Bankside) a good place to buy a house?
How much did a house sell for in SE1 3 (Bankside)?
Are property prices falling in SE1 3 (Bankside)?
Will SE1 3 prices rise from here?
The record answers a different question than "what happens next": the median is down 23% over five years in cash but down 39% 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 3: live asking prices are collected per district.
24% of current listings sit under the prices comparable homes actually fetched. 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" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every SE1 home for sale on the map →
Live asking prices from estate agents who publish a feed to HomesIndex, refreshed every Monday and Thursday: a sample of the market, not every home for sale. Asking prices are not sale prices.
Moving up a bedroom in SE: the cost
What homes of each size actually sold for across the SE area, from the Land Registry record. 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%) | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. 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.
Winners and losers across the SE area, five years
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in SE1
A few minutes' walk can separate two very different markets. Here are SE1's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| SE1 0 | £535,000 | 15 |
| SE1 1 | £475,000 | 16 |
| SE1 2 | £670,000 | 35 |
| 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.
Selling in SE1 3? Start from the sold record
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in SE1 3, use the average prices map for a rough value: zoom from SE1 3's shading down to the sold homes on your own street. The figures above are every recorded SE1 3 sale; agents price with this same Land Registry record, and now you have it too.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim SE1 3.
Keep digging
The AI answers from the same Land Registry data this report is built on, already scoped to SE1 3. Free after a one click sign in.
Two maps carry on from here: every SE1 3 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices 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.