Local market reports › SE area › SE1 › SE1 7
Bankside market report SE1 7, London
The standing SE1 7 (Bankside) property market report, rebuilt from the full public record every month. The raw material for this page is 5,121 HM Land Registry entries for SE1 7 (London), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: the middle 2026 sale in SE1 7 (London) came in at £560,000, out of 31 registered, down 44% on five years earlier, and the mean stands at £909,700, and by floor area homes here have averaged about £12,010 per square metre over the last five years. The record behind it is 5,121 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
A postcode sector like SE1 7 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 7 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 7 homes really sell for
Take the 31 registered 2026 sales in SE1 7 and the middle price, the median, is £560,000. The mean lands at £909,700, 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 7
Averaged across five years of sales, floor space in SE1 7 costs about £12,010 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.
Against a national (England and Wales) median of £285,000, SE1 7 runs 96% above it.
A typical SE1 7 home, priced year by year (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 | £560,000 | £560,000 | 31 |
| 2025 | £595,000 | £609,228 | 78 |
| 2024 | £560,000 | £595,395 | 64 |
| 2023 | £731,000 | £803,191 | 62 |
| 2022 | £800,300 | £938,443 | 82 |
| 2021 | £1,000,000 | £1,266,129 | 201 |
| 2020 | £989,100 | £1,283,378 | 503 |
| 2019 | £1,025,000 | £1,343,530 | 137 |
| 2018 | £960,000 | £1,279,698 | 203 |
| 2017 | £855,000 | £1,166,134 | 122 |
| 2016 | £552,500 | £772,953 | 76 |
| 2015 | £518,600 | £732,782 | 147 |
| 2014 | £590,000 | £837,018 | 111 |
| 2013 | £477,000 | £686,355 | 102 |
| 2012 | £445,000 | £654,984 | 94 |
| 2011 | £385,000 | £581,202 | 129 |
| 2010 | £423,800 | £664,628 | 108 |
| 2009 | £380,000 | £610,853 | 75 |
| 2008 | £336,000 | £550,775 | 112 |
| 2007 | £375,000 | £636,104 | 202 |
| 2006 | £322,500 | £559,819 | 181 |
| 2005 | £288,000 | £512,524 | 138 |
| 2004 | £307,500 | £558,480 | 254 |
| 2003 | £305,000 | £561,884 | 196 |
| 2002 | £311,000 | £585,144 | 312 |
| 2001 | £330,200 | £634,793 | 274 |
| 2000 | £228,000 | £447,450 | 301 |
| 1999 | £170,000 | £338,801 | 87 |
| 1998 | £175,000 | £353,250 | 96 |
| 1997 | £150,000 | £307,620 | 249 |
| 1996 | £165,000 | £347,978 | 368 |
| 1995 | £73,100 | £158,908 | 26 |
In cash terms the typical SE1 7 home went from £73,100 in 1995 to £560,000 in 2026, roughly 8 times the price. Inflation explains only part of it: in today's money the rise is still about 252%, a genuine increase in what a home here costs. In inflation-adjusted terms the high-water mark was 2019. The market now sits about 58% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the SE1 7 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 1996 (+125.7% on the year before); the weakest, 2024 (−23.4%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Growth per year, over one to twenty years
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −5.9% | −8.1% |
| 5 years (since 2021) | −10.9% | −15.1% |
| 10 years (since 2016) | +0.1% | −3.2% |
| 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
The year-by-year sales count
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
SE1 7 recorded 31 sales in the last twelve months of data. 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 63 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
Reading the SE1 7 market
This is a thin market: 31 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. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing.
What tenants pay around SE1 7
The local authority for SE1 7 is Lambeth, and its ONS average private rent currently stands at £2,527 a month (May 2026 figures). The spread runs from £1,882 a month for a typical one-bed to £3,725 at four-plus bedrooms, which is size doing most of the pricing.
Average monthly rent by size, Lambeth
ONS Price Index of Private Rents, May 2026.
£2,527 a month is £30,324 a year, which against the £560,000 median sold price makes a gross yield of 5.4%. 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 7 (Bankside)
Are property prices falling in SE1 7 (Bankside)?
Is SE1 7 (Bankside) a good place to buy a house?
How much did a house sell for in SE1 7 (Bankside)?
Where do SE1 7 prices go next?
The record answers a different question than "what happens next": the median is down 44% over five years in cash but down 56% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
What is for sale in SE1 right now
Turning to what is actually available: 219 homes on the market right now, from 16 agents publishing to HomesIndex.
These cover the whole SE1 district, not just SE1 7: live asking prices are collected per district.
24% of what is on the market here is asking below what comparable homes actually sold for. 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
The Land Registry record, split by size: what each kind of home actually sold for across the SE area. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| 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. Sizes with too few homes to be meaningful are left blank.
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 biggest risers and fallers in cash terms; every row links to that district's 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 5 | £450,000 | 31 |
| SE1 6 | £420,000 | 29 |
| 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 7: what the record supports
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in SE1 7, use the average prices map for a rough value: zoom from SE1 7's shading down to the sold homes on your own street. The figures above are every recorded SE1 7 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 7.
Dig further
The AI answers from the same Land Registry data this report is built on, already scoped to SE1 7. Free after a one click sign in.
The live map plots every individual SE1 7 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.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.