Local market reports › SE area › SE1 › SE1 5
Bankside market report SE1 5, London
The SE1 5 (Bankside) house price history in full, 1995 to 2026, in cash and in today's money. Every figure on this page comes from the public record: 3,137 sales registered with HM Land Registry in SE1 5 (London) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here is a valuation, an estimate or an asking price.
Sales recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: the 2026 median for SE1 5 (London) is £450,000, from 31 registered sales, down 24% on five years earlier; the mean is £505,300, and by floor area homes here have averaged about £7,200 per square metre over the last five years. Behind the figures sit 3,137 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 5 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 5 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 a home in SE1 5 sells for
The SE1 5 median stands at £450,000 for 2026, built from 31 registered sales; the mean, the figure usually quoted as the "average house price", is £505,300, a little above it, the familiar pattern where pricier homes stretch the average.
SE1 5 prices by floor area
The last five years of sales put SE1 5 at roughly £7,200 per square metre. That figure, built from each sale's Energy Performance Certificate floor area, is the one that makes a small flat and a big house comparable.
The national median for England and Wales is £285,000, which puts SE1 5 58% above the country at large.
A typical SE1 5 home, priced year by year (1995 to 2026)
Two lines: the median in the money of its day, and the same years restated by ONS CPIH into today's money, which is the truer test of getting dearer. Hover for exact figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £450,000 | £450,000 | 31 |
| 2025 | £487,500 | £499,158 | 82 |
| 2024 | £445,000 | £473,126 | 59 |
| 2023 | £500,000 | £549,378 | 59 |
| 2022 | £662,500 | £776,857 | 140 |
| 2021 | £594,600 | £752,840 | 166 |
| 2020 | £425,000 | £551,446 | 55 |
| 2019 | £446,000 | £584,599 | 73 |
| 2018 | £330,000 | £439,896 | 74 |
| 2017 | £476,200 | £649,489 | 59 |
| 2016 | £445,000 | £622,559 | 109 |
| 2015 | £330,000 | £466,290 | 80 |
| 2014 | £325,000 | £461,069 | 90 |
| 2013 | £241,000 | £346,775 | 101 |
| 2012 | £250,000 | £367,969 | 94 |
| 2011 | £239,000 | £360,798 | 73 |
| 2010 | £245,000 | £384,223 | 72 |
| 2009 | £170,000 | £273,276 | 46 |
| 2008 | £209,200 | £342,923 | 106 |
| 2007 | £208,000 | £352,826 | 204 |
| 2006 | £165,000 | £286,419 | 175 |
| 2005 | £172,000 | £306,091 | 114 |
| 2004 | £170,000 | £308,753 | 131 |
| 2003 | £158,000 | £291,074 | 127 |
| 2002 | £172,500 | £324,557 | 134 |
| 2001 | £141,000 | £271,065 | 146 |
| 2000 | £98,000 | £192,325 | 134 |
| 1999 | £75,000 | £149,471 | 109 |
| 1998 | £70,000 | £141,300 | 91 |
| 1997 | £54,500 | £111,769 | 81 |
| 1996 | £44,500 | £93,849 | 67 |
| 1995 | £52,000 | £113,040 | 55 |
In cash terms the typical SE1 5 home went from £52,000 in 1995 to £450,000 in 2026, roughly 9 times the price. Inflation explains only part of it: in today's money the rise is still about 298%, a genuine increase in what a home here costs. The real-terms peak came in 2022, and today's median remains roughly 42% under it: a 2022 buyer is still waiting to get that price back in today's money.
Year-on-year change in the SE1 5 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 2010 (+44.1% on the year before); the weakest, 2018 (−30.7%). 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) | −7.7% | −9.8% |
| 5 years (since 2021) | −5.4% | −9.8% |
| 10 years (since 2016) | +0.1% | −3.2% |
| 20 years (since 2006) | +5.1% | +2.3% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
Transaction volumes
Sales per year, counted
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
The register shows 31 SE1 5 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 146 sales a year before the financial crisis and 74 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.
Reading the SE1 5 market
Only 31 sales completed here in the last twelve months of data, which makes SE1 5 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching. Within SE1, this sector trades 18% below the district median: one of its district's cheaper corners.
Rents around SE1 5
The local authority for SE1 5 is Southwark, and its ONS average private rent currently stands at £2,394 a month (May 2026 figures). Size sets most of the rent: one-beds average £1,814 a month here against £3,491 for four or more bedrooms.
Average monthly rent by size, Southwark
ONS Price Index of Private Rents, May 2026.
Against the £450,000 median purchase price, a rent of £2,394 a month (£28,728 a year) works out at a 6.4% 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 people ask about SE1 5 (Bankside)
Are property prices falling in SE1 5 (Bankside)?
Is SE1 5 (Bankside) a good place to buy a house?
How much did a house sell for in SE1 5 (Bankside)?
Will SE1 5 prices rise from here?
The record answers a different question than "what happens next": the median is down 24% over five years in cash but down 40% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
What you could buy in SE1 now
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 5: 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 →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
What another bedroom costs in SE
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%) | — |
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.
Five-year change in the median, SE area districts
Cash-terms risers and fallers across the area; click any row for that district's full 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 3 | £515,000 | 33 |
| SE1 4 | £470,000 | 36 |
| 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 5? 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 5, use the average prices map for a rough value: zoom from SE1 5's shading down to the sold homes on your own street. The figures above are every recorded SE1 5 sale; agents price with this same Land Registry record, and now you have it too.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim SE1 5.
Take it further
Behind the answers sits the same Land Registry record as this page, with SE1 5 already set as the subject. Free, one click sign in.
See every individual SE1 5 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.