Borough property market
Updated 20 August 2026 · refreshed daily
London: £550k
477 homes for sale in Borough. Half of them ask between £490k and £1m. Updated 20 August 2026.
341 Land Registry sales in the 12 months to December 2025 · London £528k
| Market | Range low | Median | Range high |
|---|---|---|---|
| Borough | £490,000 | £676,000 | £1,000,000 |
| London | £399,000 | £550,000 | £850,000 |
Buying in Borough typically costs more than London: the median asking price is 23% higher, and the premium holds from the lower end to the top of the market.
Each band covers the middle half of asking prices.
- A typical 2-bed asks £695k here, compared to £500k across London
- Only 26% of listings have a garden, compared to 52% across London
- Flats are 84% of what's for sale, compared to 60% across London
More homes came onto the market in Borough than left it
↑ 6% · was 84
↓ 23% · was 35
↓ 9% · was 56
before going off the market
Changes compare with the prior 30 days.
Asking prices
Where homes in Borough sit by price band, against London
Homes for sale in Borough skew pricier than in London
26% of Borough listings ask under £500k, a smaller share than London (41%)
| Price band | Borough listings | Borough share | London share |
|---|---|---|---|
| <£300k | 6 | 1% | 11% |
| £300k–400k | 42 | 9% | 15% |
| £400k–500k | 76 | 16% | 16% |
| £500k–650k | 91 | 19% | 18% |
| £650k–800k | 75 | 16% | 12% |
| £800k–1m | 66 | 14% | 9% |
| £1m–1.5m | 37 | 8% | 8% |
| £1.5m+ | 84 | 18% | 11% |
Asking prices by type
All homes for sale in Borough, set against London
Flats are the most common property type for sale in Borough and ask 37% more than London flats
| property type | Borough | London |
|---|---|---|
| Maisonette (21 for sale · 4%) | £525,000 | £450,000 |
| Flat (399 for sale · 84%) | £650,000 | £475,000 |
| Terraced (7 for sale · 1%) | £900,000 | £600,000 |
| Penthouse (34 for sale · 7%) | £1,122,500 | £1,100,000 |
| House (12 for sale · 3%) | £1,525,000 | £995,000 |
The step from two to three bedrooms in Borough adds 37% to the asking price (London: 30%)
| size | Borough | London |
|---|---|---|
| Studio (16 for sale) | £725,500 | £300,000 |
| 1 bed (137 for sale) | £545,000 | £360,000 |
| 2 beds (217 for sale) | £695,000 | £500,000 |
| 3 beds (88 for sale) | £950,000 | £650,000 |
| 4 beds (13 for sale) | £1,600,000 | £900,000 |
| 5+ beds (6 for sale) | £1,750,000 | £1,692,000 |
Median asking price for every size and type on the market in Borough
| Size | Flat | Penthouse | Maisonette | House | All types |
|---|---|---|---|---|---|
| Studio | £726k16 | n/a | n/a | n/a | £726k16 |
| 1 bed | £548k128 | n/a | £325k5 | n/a | £545k137 |
| 2 beds | £685k183 | £1.1m18 | £525k13 | n/a | £695k217 |
| 3 beds | £950k67 | £1.3m9 | n/a | n/a | £950k88 |
| 4 beds | £1.6m5 | n/a | n/a | n/a | £1.6m13 |
| 5+ beds | n/a | n/a | n/a | n/a | £1.8m6 |
| All sizes | £650k399 | £1.1m34 | £525k21 | £1.5m12 | £676k477 |
Median asking price, with the number for sale below it. Combinations with fewer than 5 listings are shown as n/a. Types shown are the four most common in the area.
Price per square foot
231 matched sales
London: £598 per sq ft
386 listings with a known floor area
London: £658 per sq ft
Asking price per sq ft by property type in Borough
Current listings with a known floor area; the count under each row
| property type | Borough | London |
|---|---|---|
| Flats (365 listings) | £899 | £692 |
Asking against sold price per sq ft by property type in Borough
Today's listings against Land Registry sales in the 12 months to June 2026
| Type | Asking | Sold | Asking vs sold |
|---|---|---|---|
| Flat / maisonette | £899365 listings | £804219 sales | +11.8% |
Per square foot, so size differences are already taken out; what remains is a mix of pricing, condition and which homes happen to be for sale versus sold. Context, not a discount.
Sold price per sq ft by property type in Borough
| property type | Borough | London |
|---|---|---|
| Flat / maisonette (219 sales) | £804 | £616 |
Sold prices per sq ft in Borough are down 10% over 10 years, to £804
London: up 16% to £598 over the same period
| Window ends | Borough | London |
|---|---|---|
| Sept 2016 | £896 | £515 |
| Dec 2016 | £888 | £523 |
| Mar 2017 | £910 | £525 |
| Jun 2017 | £916 | £529 |
| Sept 2017 | £915 | £533 |
| Dec 2017 | £907 | £535 |
| Mar 2018 | £891 | £536 |
| Jun 2018 | £877 | £535 |
| Sept 2018 | £875 | £534 |
| Dec 2018 | £879 | £533 |
| Mar 2019 | £890 | £530 |
| Jun 2019 | £886 | £526 |
| Sept 2019 | £912 | £524 |
| Dec 2019 | £882 | £525 |
| Mar 2020 | £869 | £529 |
| Jun 2020 | £851 | £531 |
| Sept 2020 | £826 | £536 |
| Dec 2020 | £846 | £547 |
| Mar 2021 | £857 | £555 |
| Jun 2021 | £842 | £562 |
| Sept 2021 | £836 | £564 |
| Dec 2021 | £830 | £566 |
| Mar 2022 | £818 | £571 |
| Jun 2022 | £827 | £579 |
| Sept 2022 | £842 | £595 |
| Dec 2022 | £854 | £605 |
| Mar 2023 | £863 | £608 |
| Jun 2023 | £865 | £609 |
| Sept 2023 | £869 | £605 |
| Dec 2023 | £865 | £601 |
| Mar 2024 | £859 | £600 |
| Jun 2024 | £842 | £600 |
| Sept 2024 | £845 | £602 |
| Dec 2024 | £828 | £605 |
| Mar 2025 | £827 | £606 |
| Jun 2025 | £818 | £607 |
| Sept 2025 | £812 | £606 |
| Dec 2025 | £818 | £604 |
| Mar 2026 | £802 | £601 |
| Jun 2026 | £804 | £598 |
Sold figures: HM Land Registry and EPC data, excluding new-builds. Asking figures: current listings with a known floor area.
Homes sold in Borough
Land Registry records for the 12 months to December 2025
Previous 12 months: 362 sales
London: £527,500
vs Borough's norm of 294 sales a year · London: +2%
Sales are running well above Borough's five-year norm; London is 2% above its own norm.
How sold prices have moved by property type in Borough
Median sold price in the 12 months to December 2025 against the same window one and five years earlier
| Type | Sales | Median | vs 1 year ago | vs 5 years ago |
|---|---|---|---|---|
| All types | 341 | £575k | +0.6% | -10.4% |
| Flat / maisonette | 320 | £545k | -1.6% | -13.0% |
Changes compare medians of different homes sold in each window, so they mix price movement with what happened to sell; cells with fewer than 30 sales at either end are n/a.
Median sold price by property type in Borough
Number of sales in the window under each type
| property type | Borough | London |
|---|---|---|
| Flat / maisonette (320 sales) | £545,000 | £430,000 |
| Terraced (19 sales) | £1,100,000 | £591,000 |
The median sold price in Borough is down 3% over 10 years, to £575k
Now 9% above London (£528k)
| Window ends | Borough | London |
|---|---|---|
| Mar 2016 | £590k | £415k |
| Jun 2016 | £578k | £425k |
| Sept 2016 | £590k | £430k |
| Dec 2016 | £577k | £435k |
| Mar 2017 | £579k | £440k |
| Jun 2017 | £578k | £445k |
| Sept 2017 | £567k | £450k |
| Dec 2017 | £600k | £455k |
| Mar 2018 | £600k | £459k |
| Jun 2018 | £600k | £459k |
| Sept 2018 | £580k | £458k |
| Dec 2018 | £575k | £457k |
| Mar 2019 | £580k | £455k |
| Jun 2019 | £585k | £455k |
| Sept 2019 | £600k | £455k |
| Dec 2019 | £603k | £460k |
| Mar 2020 | £638k | £465k |
| Jun 2020 | £625k | £465k |
| Sept 2020 | £630k | £475k |
| Dec 2020 | £642k | £490k |
| Mar 2021 | £615k | £500k |
| Jun 2021 | £600k | £510k |
| Sept 2021 | £605k | £505k |
| Dec 2021 | £618k | £500k |
| Mar 2022 | £608k | £500k |
| Jun 2022 | £600k | £500k |
| Sept 2022 | £575k | £520k |
| Dec 2022 | £579k | £525k |
| Mar 2023 | £580k | £525k |
| Jun 2023 | £600k | £526k |
| Sept 2023 | £653k | £525k |
| Dec 2023 | £625k | £521k |
| Mar 2024 | £625k | £522k |
| Jun 2024 | £620k | £521k |
| Sept 2024 | £580k | £525k |
| Dec 2024 | £572k | £525k |
| Mar 2025 | £572k | £526k |
| Jun 2025 | £569k | £530k |
| Sept 2025 | £568k | £530k |
| Dec 2025 | £575k | £528k |
341 homes sold in Borough in the 12 months to December 2025, 6% fewer than the year before
Previous 12 months: 362
| Window ends | Borough |
|---|---|
| Mar 2016 | 463 |
| Jun 2016 | 409 |
| Sept 2016 | 343 |
| Dec 2016 | 328 |
| Mar 2017 | 282 |
| Jun 2017 | 315 |
| Sept 2017 | 328 |
| Dec 2017 | 332 |
| Mar 2018 | 312 |
| Jun 2018 | 316 |
| Sept 2018 | 335 |
| Dec 2018 | 324 |
| Mar 2019 | 318 |
| Jun 2019 | 297 |
| Sept 2019 | 283 |
| Dec 2019 | 274 |
| Mar 2020 | 268 |
| Jun 2020 | 233 |
| Sept 2020 | 189 |
| Dec 2020 | 188 |
| Mar 2021 | 205 |
| Jun 2021 | 288 |
| Sept 2021 | 298 |
| Dec 2021 | 294 |
| Mar 2022 | 288 |
| Jun 2022 | 246 |
| Sept 2022 | 297 |
| Dec 2022 | 322 |
| Mar 2023 | 306 |
| Jun 2023 | 279 |
| Sept 2023 | 260 |
| Dec 2023 | 254 |
| Mar 2024 | 273 |
| Jun 2024 | 295 |
| Sept 2024 | 330 |
| Dec 2024 | 362 |
| Mar 2025 | 404 |
| Jun 2025 | 404 |
| Sept 2025 | 378 |
| Dec 2025 | 341 |
Recent sales in Borough
The newest completed sales registered with HM Land Registry
| Address | Sold | Type | Price | £/sq ft |
|---|---|---|---|---|
| Flat 3, Lake House Scovell Road · SE1 1QF | Jun 2026 | Flat / maisonette · Leasehold | £392,500 | £651 |
| 40 Creasy Estate · SE1 4SL | Jun 2026 | Flat / maisonette · Leasehold | £300,500 | £607 |
| Flat 13, Tavern Court, 95 New Kent Road · SE1 6RY | Jun 2026 | Flat / maisonette · Leasehold | £518,000 | £789 |
| Flat 218, Helen Gladstone House Nelson Square · SE1 0QB | Jun 2026 | Flat / maisonette · Leasehold | £498,750 | £692 |
| Flat 14, Pattison House Redcross Way · SE1 1EY | Jun 2026 | Flat / maisonette · Leasehold | £470,000 | £682 |
| 19, Tanners Yard, 239 Long Lane · SE1 4PT | Jun 2026 | Flat / maisonette · Leasehold | £435,000 | £962 |
| 67 Purbrook Estate · SE1 3DA | May 2026 | Flat / maisonette · Leasehold | £450,000 | £804 |
| Flat 3, 83 Weston Street · SE1 3RS | May 2026 | Flat / maisonette · Leasehold | £2,230,000 | £1,295 |
| Apartment 2901, 251 Southwark Bridge Road · SE1 6FP | May 2026 | Flat / maisonette · Leasehold | £570,000 | £1,038 |
| Flat 11, Russell Lodge, 24 Spurgeon Street · SE1 4YJ | May 2026 | Flat / maisonette · Leasehold | £875,000 | £707 |
| Flat 88, Ratcliffe Court Great Dover Street · SE1 4LD | May 2026 | Flat / maisonette · Leasehold | £465,000 | £815 |
| 86 Leathermarket Court · SE1 3HS | May 2026 | Flat / maisonette · Leasehold | £555,000 | £921 |
Contains HM Land Registry and EPC data.
What listings offer
Fewer gardens than London
26% of listings have a garden; London: 52%. 125 of 477 listings have a garden. Counted from listing descriptions, so treat as a lower bound.Less parking than London
31% of listings have parking or a garage; London: 43%. 147 of 477 listings have parking or a garage. Counted from listing descriptions, so treat as a lower bound.More chain-free homes than London
33% of listings are listed as chain-free; London: 28%. 159 of 477 listings are listed as chain-free. Counted from listing descriptions, so treat as a lower bound.Current listings worth a look
Picked by simple rules, not adverts: cheapest, most space, gardens
Union Street, Southwark, SE1
As of 20 August 2026
Falmouth Road, London, SE1
As of 20 August 2026
Tower Bridge Road, London, SE1
As of 20 August 2026
Tower Bridge Road London, SE1 3JE
As of 20 August 2026
Watching the Borough market?
Perch sends you the new listings, price drops and off-market moves that match your search, every morning, from every estate agent we track.
Set up my daily briefingHow nearby areas compare
Current listings around Borough
| Area | For sale | Median asking | Median 2-bed | Sold £/sq ft | Houses |
|---|---|---|---|---|---|
| Borough | 477 | £676k | £695k | £804 | 5% |
| Elephant and Castle | 565 | £525k | £600k | £734 | 10% |
| Bermondsey | 1,205 | £595k | £600k | £716 | 8% |
| Walworth | 533 | £500k | £568k | £704 | 10% |
| Whitechapel | 602 | £625k | £700k | £791 | 6% |
| Londonbenchmark | 62,310 | £550k | £500k | £598 | 31% |
Borough property market: common questions
Where is Borough?
Borough sits in central London, in Southwark.
What is the average house price in Borough?
The median asking price across the 477 homes for sale in Borough is £676,000 (as of 20 August 2026). We quote the median (the middle listing) rather than a mean, because a handful of very expensive homes would pull a mean upwards. Half of listings ask between £490,000 and £1,000,000. That is 23% above London. Homes that actually sold in Borough went for a median £575,000 (Land Registry, 12 months to December 2025).
How many homes are for sale in Borough?
477 homes are on the market in Borough right now, 89 of them listed in the last 30 days. Perch counts every listing it tracks across estate agents and portals, refreshed daily.
Are house prices being cut in Borough?
27 listings in Borough had their asking price reduced in the last 30 days, about 6% of the homes currently for sale.
How long are homes on the market in Borough?
Of the Borough listings that came off the market in the last 30 days and that we first saw after we began tracking the area, the typical one had been advertised for 73 days. Coming off the market usually means sold subject to contract, but it can also mean withdrawn, so treat this as time advertised rather than time to sell.
How much do flats and houses cost in Borough?
The median asking price for a flat in Borough is £657,500; for a house it is £1,200,000. Use the property type and bedroom filters on this page for a finer cut.
What is the price per square foot in Borough?
In Borough, homes that sold went for a median £804 per sq ft (HM Land Registry and EPC data), and current listings with a known floor area ask a median £900 per sq ft.
How these numbers are made
- Asking figures: Current listings we track across estate agents and portals (477 in Borough), refreshed daily, as of 20 August 2026. We quote medians, never means, and suppress anything based on fewer than 5 listings.
- Off market and time listed: Off-market counts include only listings confirmed off the market after a short grace period; "typical time listed" is time advertised, not time to sell. We have tracked Borough since August 2025.
- London comparisons: The same daily snapshot taken across the whole of London, so both sides of every comparison share one basis. Where a comparison spans all property types, some of the gap reflects what is for sale here.
- Sold figures: HM Land Registry price paid data for the 12 months to December 2025 (the latest months are left out while sales are still being registered), with floor areas from EPC certificates. England and Wales; new-builds and non-standard transactions excluded.
Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0, and Energy Performance of Buildings Data: England and Wales © Crown copyright.