London Bridge Sales and Lettings Market Insights for Q1 2017

London Bridge Property Lettings Market Update

Daniel Cobb have had a great start to 2017. By looking past the difficulties faced in 2016, we have focused on key areas and have looked to expand what services we currently provide to our landlords. More exciting news will be released on this in the near future.

With regard to the lettings market in London Bridge, we began the year in a market with continually increasing levels of stock which we observed building in 2016. With growing levels of stock there has been an increase in the level of activity across all price bands, however we have also found the mounting level of stock has added pressure on rental values achieved. Reassuringly however, over the past few weeks we have seen most of the excess stock lift and we are working in a far more balanced market. 

If you are considering letting your London Bridge property in the near future, we already have the perfect tenant waiting for it. For further information or to have a chat about your home might be worth, contact Lia Girandola (Lettings Manager).



London Bridge Property Sales Market Update


The first quarter of 2017 has been an interesting time for the property market in the London Bridge area. Whilst it is easy to assume from the national media that the ongoing debate surrounding Brexit has helped to quell interest for property across the capital, there has been no apparent dampening of enthusiasm for property from those keen to discover this vibrant corner of London. The records of our activity for the first three months best illustrate the point. Since 1st January, we have conducted more viewings than any other quarter for the last year and more viewings than the entire first half of 2016. Every week we monitor the level of internet traffic for our properties on the Daniel Cobb website and other property portals.


The level of interest across the entire market has been phenomenal, exceeding the levels achieved in some of the busiest times of the last few years. Now with the first days of Spring and the unexpected warm sunshine coupled with the prospect of more daylight hours, we look forward to the interest continuing through to the summer months. As the market in the Bermondsey Street area is synonymous with converted warehouses and industrial conversions, it's no surprise properties of this kind have been as popular as ever. The sale of a two bedroom apartment in the Morocco Store in Leathermarket Street is an excellent example of a sale agreed close to the asking price after only two weeks of marketing. For those who missed this apartment, we have a selection of other warehouse conversions ranging in price from £825,000 to £1,175,000.


As with previous years, the great majority of interest has been from those discovering SE1 for the very first time and buying for their own occupation of children starting their first job or beginning university. It's no surprise buyers are keen to buy in close proximity to the City enabling many to walk to work across Tower Bridge or take the Jubilee Line to Canary Wharf or the West End from London Bridge or Bermondsey. So if you are one of those people discovering the area for the first time let us know, as we are seeing new properties daily.

If you are considering selling your London Bridge property in the near future, we may already have the perfect buyer for it. For further information or to have a chat about what your home might worth, contact Mark Andrews (Sales Manager).