Setting the scene
BERMONDSY is often compared with Shoreditch, but in many respects it wins hands down over its east London rival. Residents of both can walk to work in the City, but Bermondsey’s transport links are better: they can zip to Canary Wharf and the West End on the Jubilee Line, jump on the Northern Line and trains north or south from London Bridge, or chug along the river on a Thames Clipper. In addition, its architecture is more varied, properties are cheaper and the nightlife is more subdued so, unlike Shoreditch, it doesn’t encourage so many hen and stag parties.
London Square Bermondsey is spread across a 4.7acre site once occupied by a tannery and food producer Crosse & Blackwell, which brought the world Branston Pickle. It will include galleries, studios, co-working spaces, apartments and townhouses. New-build and converted apartments in a restored warehouse in the first phase, The Tannery, start from £625,000, all with underfloor heating, integrated audio systems and a balcony or terrace. Two-bed townhouses are from £1.14million, and three-beds from £1.25million, londonsquare.co.uk.
The Taper Building on Long Lane consist of 56 one, two and three-bed apartments with a 24-hour concierge, private gym, garden and roof terrace. They’re from £975,000 for a two-bed, two-bath home with a balcony, and from £1.275m for similarly high-spec three-bed, through JLL, jll.co.uk.
Higgins House, from Orchard Homes Group, consists of eight apartments and two townhouses, moments from The Blue Market. Two two-beds are left, £650,000 each, and a three-bed house is £965,000, Kalmars, kalmars.com.
Next year, the same agent will be marketing St Andrew’s House, a rooftop development by Click Above of two and three-bed apartments with terraces, next to Southwark Park. They’ll start from £600,000 and London Help to Buy will be available. Fruition Properties will also be raising the roof in spring 2020 with an airspace scheme of nine apartments above an industrial unit in Crimscott Street, fruitionproperties.co.uk.
Newly launched Mason & Fifth aims to boost residents’ wellbeing through co-living in an urban sanctuary. There are 28 full-furnished studios are for rent, from £1,650pcm, Mason & Fifth, mason-fifth.com.
A large area, Bermondsey has an industrial past and once housed dock and factory workers. Today, warehouse conversions, council homes (the Kirby estate hit the headlines during last year’s World Cup finals when it was adorned with 300 red-and-white flags in support of the England team) and new-builds account for the bulk of residential stock. ‘Bermondsey has a fantastic atmosphere and there is always something to do,’ says Laura Ferber of Dexters.
‘The introduction of many new developments is affecting house prices and changing the buyer demographic. One-bedroom apartments start from £425,000, with an average three to four-bedroom house typically selling for £800,000-£1million.’
Council tax (Band D:) £1,386.78
Commuting time to Zone 1: Two minutes to London Bridge
Annual Travelcard: £1,404
Amenities: ★★★☆☆ A gastronome’s delight — indie eateries and bars along Bermondsey Street, restaurants at Butler’s Wharf; food markets in Maltby Street and Spa Terminus; Bermondsey Beer Mile; The historic Blue Market; Bermondsey Antique Market; Fashion and Textile Museum; White Cube gallery; Kino cinema; Unicorn Theatre
Open space: ★★☆☆☆ Bermondsey Spa Gardens; Southwark Park; Tanner Street Park; Tabard Gardens
Schools: ★★★★☆ Most state primaries good or outstanding
Crime: ★★★☆☆ About average
Who lives there? Young professionals and creatives
Famous faces: Fashion designer Dame Zandra Rhodes and Olivier Award-winning actor Ruth Wilson live in Bermondsey
‘This is a fun, up-and-coming area that attracts young, trendy media types and people working in financial and professional services. They can find a reasonable two-bedroom apartment for about £565 per week,’ says James Hyman of Cluttons
£350,000 Kalmars, kalmars.com
Only 100 yards from Bermondsey station, this decent-sized, one-bed flat is on the second floor of a modern block. There’s an off-street parking space, communal garden and loft space for storage.
Average for Bermondsey
£550,000 Foxtons, foxtons.co.uk
A spacious ground-floor flat with a dual-aspect, open-plan kitchen/living/dining room, two double bedrooms — one with an en-suite shower room — a bathroom, full-width private terrace and a shared garden. The average property in Bermondsey is currently valued at £530,409 according to Zoopla.co.uk
£3.5million Cluttons, cluttons.com
This huge 1,900sq ft-plus apartment is in a converted warehouse by the river at Butlers Wharf. Has an all-in-one kitchen/living area, three bedrooms, two bathrooms, and great views from the balcony.