Bermondsey’s Housing Market and Transport Links

Bermondsey is a growing and thriving area with a lot to offer to both landlords and tenants. With a diverse housing market and excellent transport links, Bermondsey is a great potential location for buy-to-let investment.

Housing stock

Bermondsey is home to a range of residential properties, including flats and houses. In total, there are over 8,000 residential properties in Bermondsey, with the majority being 1 and 2 bedroom flats. The volume of 3 bedroom houses in Bermondsey is lower compared to the average in London, making 1 and 2 bedroom flats a more popular choice for tenants in the area. Understanding the type and volume of housing in Bermondsey is important as it affects rental demand and potential rental income.

Around 30% of properties are rented out in Bermondsey, while the rest are owner-occupied. This is slightly lower compared to the average in London, which is important to consider as the renting versus owner-occupier rate in an area can help predict demand for rental properties and help inform investment decisions.

The average house price for a 1 bedroom house in Bermondsey is around £450,000, while a 2 bedroom house costs around £600,000, and a 3 bedroom house costs around £800,000. These prices are slightly lower than the average in London, which are around £500,000, £700,000, and £950,000, respectively. It is worth noting what the average house prices in the area are as it may affect the potential rental yield for landlords.

The majority of the housing stock in Bermondsey is older, with only a small number of new build properties. That said, there are several major housing development projects currently underway in Bermondsey, including the Bermondsey Square Development and the New Bermondsey Development. These projects are expected to bring in new, modern housing to the area, making Bermondsey an even more attractive location for buy-to-let investment. 

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Transport

Bermondsey has several train stops including Bermondsey, Canada Water, and Surrey Docks which are served by the Jubilee line. The Jubilee line offers convenient access to the city and other popular destinations such as Canary Wharf and London Bridge. The area also has a good bus network with several bus routes running through the area connecting to nearby neighbourhoods and the city. The buses in Bermondsey are frequent and reliable, offering an alternative mode of transport for those who prefer not to take the train.

The average commute time to the city centre is around 20-25 minutes – faster than the London average of 35 minutes – making Bermondsey an attractive option for those looking for a convenient location to live.

In conclusion, Bermondsey is an ideal location for buy-to-let investment, offering landlords a diverse range of housing stock, excellent transport links, and affordable house prices. With a range of flats and houses available, as well as a fast commute time to the city centre, Bermondsey is becoming increasingly popular with tenants and landlords alike and is a great option for those looking to invest in buy-to-let properties.