SE1 Borough, Bermondsey & Southbank — Property Development

SE1 covers Borough, Bermondsey & Southbank in London (Greater London). Riverside London Bridge frontier — high-density mixed use.

Local market snapshot

• Average property value: £720,000
• Indicative gross rental yield: 4.1%
• Council planning regime: Gateway 3

Local authority: London Borough of Southwark — Gateway 3, Article 4 active, average build cost £3000/sqm.

Hot strategies in SE1

• Commercial to Residential (Class MA) — Permitted development and Class MA prior approval rules
• Airspace & Rooftop Development — Adding floors above existing buildings
• Build-to-Rent (BTR) Schemes — Institutional residential rental developments

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