Local market reports › SE area › SE1
Bankside market report SE1, London
The SE1 (Bankside) house price history in full, 1995 to 2026, in cash and in today's money. This page is built from the public record and nothing else: 35,416 completed sales registered with HM Land Registry in SE1 (London) since 1995, plus current ONS rental figures. There are no valuations, estimates or asking prices in it.
Sales recorded to July 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: the typical home in SE1 (London) sold for £550,000 in 2026, the median of 249 registered sales, down 21% on five years earlier. The mean was £724,700, and by floor area homes here have averaged about £9,590 per square metre over the last five years. The figures cover 35,416 sales recorded by HM Land Registry since 1995 and refresh with each monthly release: completed sale prices, not valuations or asking prices.
SE1 is a postcode district covering Bankside, Borough, South Bank in London. It is the most useful size for market figures: tight enough to describe somewhere real, large enough that sales keep coming and the medians hold steady.
Where SE1 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.
Today's SE1 prices, from the sold record
In the SE1 property market, the 2026 median sale price is £550,000, from 249 registered sales; the mean, the "average house price" most sites quote, is £724,700, sitting well above it, the signature of a heavy top tail: a handful of expensive sales lifting the average.
Price per square metre in SE1
A square metre of SE1 home has cost about £9,590 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 93% above the country at large.
The price of a typical SE1 home, 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 | £550,000 | £550,000 | 249 |
| 2025 | £585,000 | £598,989 | 713 |
| 2024 | £600,000 | £637,923 | 730 |
| 2023 | £714,500 | £785,061 | 755 |
| 2022 | £643,500 | £754,577 | 821 |
| 2021 | £700,000 | £886,290 | 955 |
| 2020 | £842,000 | £1,092,512 | 904 |
| 2019 | £700,000 | £917,532 | 760 |
| 2018 | £738,800 | £984,834 | 1,371 |
| 2017 | £685,000 | £934,271 | 970 |
| 2016 | £601,000 | £840,805 | 1,227 |
| 2015 | £635,000 | £897,255 | 1,197 |
| 2014 | £545,000 | £773,178 | 959 |
| 2013 | £440,000 | £633,116 | 996 |
| 2012 | £412,500 | £607,148 | 1,002 |
| 2011 | £388,000 | £585,731 | 996 |
| 2010 | £379,000 | £594,370 | 1,048 |
| 2009 | £350,000 | £562,628 | 681 |
| 2008 | £335,000 | £549,136 | 820 |
| 2007 | £350,000 | £593,697 | 1,599 |
| 2006 | £295,000 | £512,082 | 1,722 |
| 2005 | £290,000 | £516,083 | 1,248 |
| 2004 | £280,000 | £508,535 | 1,618 |
| 2003 | £263,500 | £485,431 | 1,319 |
| 2002 | £250,000 | £470,373 | 1,479 |
| 2001 | £237,500 | £456,582 | 1,780 |
| 2000 | £209,000 | £410,163 | 1,879 |
| 1999 | £165,000 | £328,836 | 1,319 |
| 1998 | £150,000 | £302,786 | 1,373 |
| 1997 | £118,000 | £241,994 | 1,380 |
| 1996 | £130,000 | £274,164 | 972 |
| 1995 | £90,600 | £196,950 | 574 |
In cash terms the typical SE1 home went from £90,600 in 1995 to £550,000 in 2026, roughly 6 times the price. Inflation explains only part of it: in today's money the rise is still about 179%, a genuine increase in what a home here costs. In inflation-adjusted terms the high-water mark was 2020. The market now sits about 50% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the SE1 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 (+43.5% on the year before); the weakest, 2021 (−16.9%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of flats dominate the record here, 93% of the typed total. In 2001, the last year both were recorded here, a detached home traded at £507,500 against £235,000 for a flat, 2.2 times the price.
Median by property type, SE1
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £507,500 (2001) | – | 53 |
| Semi-detached | £900,000 (2021) | – | 201 |
| Terraced | £746,500 | 12 | 2,202 |
| Flats | £520,000 | 235 | 32,886 |
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −6.0% | −8.2% |
| 5 years (since 2021) | −4.7% | −9.1% |
| 10 years (since 2016) | −0.9% | −4.2% |
| 20 years (since 2006) | +3.2% | +0.4% |
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.
Sales activity in SE1
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.
The monthly pulse, last five years
Sales as they reached the register each month. Expect the seasonal sawtooth, and discount the newest months while late entries land.
Over the last twelve months of data, 546 sales completed in SE1. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 1,581 sales a year before the financial crisis and 654 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 is
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. SE1 sits 5 of 28 in its area's price order, well inside the expensive end.
Rents around SE1
SE1 falls under Southwark, where the ONS puts the average private rent 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.
Set against the £550,000 median sold price, £2,394 a month is £28,728 a year, a gross yield of 5.2%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.
Common questions on SE1 (Bankside)
Are property prices falling in SE1 (Bankside)?
Is SE1 (Bankside) a good place to buy a house?
How much did a house sell for in SE1 (Bankside)?
Where do SE1 prices go next?
No honest page predicts prices, so this one sticks to the record: the median is down 21% over five years in cash but down 38% after inflation. Anyone weighing a purchase should read the volume chart with the price chart, remembering that these are completed sales, registered weeks after the deals were actually struck.
What you could buy in SE1 now
Everything above is what homes in SE1 sold for. The live side of the market holds 219 homes at the moment, listed by 16 agents publishing to HomesIndex, at a typical asking price 6% above the SE1 median sold price.
Of everything listed here, 24% asks less than the sold record of comparable homes. Each listing is compared with recent recorded sales of similar homes nearby.
- Devon Mansions, Tooley Street, London Bridge, London
- St. Saviours Estate, London
- Whitehouse Apartments, Southbank
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
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
Real sold prices by size across the SE area, straight 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
SE1 ranks 28 of 28 in the SE area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
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.
Inside SE1, sector by sector
The next slice down is the postcode sector: a group of streets, each with its own report. Two sectors a short walk apart can trade at sharply different prices.
| 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 7 | £560,000 | 31 |
| SE1 8 | £585,000 | 12 |
| SE1 9 | £790,000 | 11 |
How SE1 compares nearby
Same city, different markets. The neighbouring districts of the SE area, dearest first:
| District | Median | 5-year |
|---|---|---|
| SE24 | £648,200 | -6% |
| SE22 | £620,000 | -3% |
| SE21 | £608,500 | -10% |
| SE4 | £562,500 | +0% |
| SE1 (this report) | £550,000 | -21% |
| SE27 | £550,000 | +5% |
| SE3 | £520,000 | +3% |
| SE15 | £520,000 | -2% |
| SE10 | £507,500 | -14% |
| SE7 | £505,000 | +4% |
| SE17 | £505,000 | +1% |
| SE26 | £500,000 | +9% |
| SE23 | £498,900 | +4% |
| SE5 | £487,500 | +4% |
| SE11 | £475,000 | -15% |
| SE9 | £472,800 | +6% |
| SE12 | £460,000 | +2% |
| SE6 | £450,000 | +3% |
| SE16 | £450,000 | -3% |
| SE14 | £446,200 | -6% |
| SE19 | £441,500 | -2% |
| SE13 | £435,000 | +1% |
| SE2 | £425,000 | +14% |
| SE18 | £415,000 | +2% |
Selling in SE1? Start from the sold record
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in SE1, open the average prices map and zoom from the SE1 shading down to the sold homes on your own street. Every recorded SE1 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Estate agents working SE1: the featured spot on this report is free for founding agents, one per district. Claim SE1.
Take it further
The AI answers from the same Land Registry data this report is built on, already scoped to SE1. Free after a one click sign in.
Two maps carry on from here: every SE1 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.
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.