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SE1 Southwark, Bankside and Waterloo: house prices and price per m²

SE1 is a postcode district in the SE (South-East London) postcode area, covering 6.5 km². Prices, sales and comparisons below are for homes sold in the twelve months to July 2026, from HM Land Registry sales matched to their energy certificate.

Headline numbers, 12 months to Jul 2026

Median price per m²
£8,588/m²
12 months to Jul 2026
12-month change
-2.3%
vs 12 months to Jul 2025
5-year change
-15.0%
vs 12 months to Jul 2021
Median price paid
£547,877
588 sales
Vs SE postcode area
+34.3%
£6,395/m² in South-East London
Vs London
+35.0%
£6,364/m² London-wide
Price rank
44 of 219
London postcode districts, dearest first
Location Premium
+17.1%
vs an average-priced district

In the twelve months to July 2026, homes sold in SE1 (Southwark, Bankside and Waterloo) went for a median £8,588 per square metre, -2.3% on the previous twelve months and -15.0% on five years earlier. The median price paid was £547,877, across 588 sales (788 in the twelve months before).

That is 34.3% above the median for the SE postcode area (£6,395) and 35.0% above London as a whole (£6,364), ranking SE1 44th of 219 London postcode districts by price per square metre and 2nd of 28 in SE. Closest in price across London: SW18 Wandsworth and Earlsfield (£8,588) and SW4 Clapham (£8,567).

91% of the homes sold were flats or maisonettes and the median home sold had 66 m² of floor space. Flats sold for a median £520,000 and houses for £875,000.

Of the 8 districts bordering SE1, 3 are dearer per square metre. The dearest is SW1P Westminster and Millbank at £10,253 and the cheapest SE5 Camberwell at £7,000.

Median price per m² over the 12 months to July 2026, and the change on the 12 months before.
Median £/m²12-month change
SE1 Southwark, Bankside and Waterloo£8,588-2.3%
South-East London (SE)£6,395-3.0%
London£6,364-2.9%

Price per m² over time

SE1 vs South-East London and London: rolling 12-month median £/m²

Each point is the median price per square metre of the homes sold in the twelve months to that month. Months with fewer than 30 sales in SE1 are left blank.

SE1: median price per m² over the 12 months to each month.
Period12 months toMedian £/m²Change to latest
LatestJul 2026£8,588
One year earlierJul 2025£8,787-2.3%
Five years earlierJul 2021£10,100-15.0%
First in the seriesJan 1995£1,458+489.0%

Sales per year

SE1: sales per calendar year

Land Registry sales in SE1 matched to the home's energy certificate, the sales every figure on this page is computed from.

Location Premium

SE1's Location Premium is +17.1%: in CityDataLab's factor model fitted to July 2026, an otherwise identical home (same size, type, age and energy rating) is priced 17.1% more per square metre in SE1 than in a district at the average London district price level.

The model measures a district's location by its median price per m² over the previous twelve months, in standard deviations across London's postcode districts. SE1 sits 0.45 standard deviations above the average district. The Location Premium is the part of a home's price per m² the model puts down to that location; the rest depends on the home itself and on the market as a whole. How each factor's Premium has moved · Price a home with the property calculator.

Neighbouring districts

Districts that share a border with SE1, dearest first.

Districts bordering SE1, 12 months to July 2026.
DistrictMedian £/m², 12 months12-month changeMedian price paidSales, 12 monthsVs SE1
SW1P Westminster and Millbank£10,253-5.2%£690,000108+19.4%
SW8 South Lambeth and Nine Elms£8,922-3.2%£600,000323+3.9%
E1W Wapping£8,860-28.1%£575,500174+3.2%
SE11 Kennington£8,235-6.6%£482,930181-4.1%
SE17 Walworth and Elephant and Castle£7,619-1.1%£465,000186-11.3%
SE15 Peckham£7,195-3.4%£525,000488-16.2%
SE16 Rotherhithe and Bermondsey£7,143-3.5%£465,000360-16.8%
SE5 Camberwell£7,000-3.9%£462,500315-18.5%

Other districts in South-East London

How these figures are calculated

Prices are HM Land Registry price paid data for homes sold in SE1, each matched by address to its MHCLG energy performance certificate for the floor area. Price per m² is the price paid divided by that floor area; medians are taken over the twelve months to the month shown, and districts, their postcode area and London are always compared over the same twelve months. Sales without a matched certificate, and non-residential and "other" sales, are not counted. Neighbouring districts are those sharing a border on the postcode district maps by Wikipedia contributors (CC BY-SA 3.0). See how CityDataLab's factor model works.