The Borough, located in Greater London, is a vibrant area known for its eclectic mix of residential opportunities, bustling markets, and cultural attractions. Astone’s throw from the historic South Bank and with excellent transport links, The Borough offers an ideal combination of urban living with community spirit. This article explores the best residential areas within The Borough, highlighting their unique characteristics, available housing options, and average prices.
Table of Contents
Southbank
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Southbank is an iconic area known for its riverside views, cultural institutions, and vibrant atmosphere. It's perfect for those who enjoy city life paired with stunning river scenery.
Characteristics of the Southbank
* Culture: Home to the Tate Modern, National Theatre, and numerous galleries and festivals.
* Transportation: Excellent public transport links, including Waterloo and London Bridge stations.
* Services: Wide range of restaurants, cafes, and shops, with proximity to Borough Market.
* Environment: Lively and artistic, with a diverse community.
Housing Options in the Southbank
Luxury apartments, Period conversions, New developments.
Average Home Prices in the Southbank
* Buying: £600,000 – £1,200,000
* Renting: £2,000 – £3,500/month
Borough Market Area
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The Borough Market area is renowned for its gourmet food market and culinary diversity. It's perfect for food lovers and those who thrive in a vibrant community setting.
Characteristics of the Borough Market Area
* Culture: Culinary hotspot with an emphasis on artisanal foods and local produce.
* Transportation: Close to London Bridge and Borough underground stations.
* Services: Numerous eateries, boutique shops, and grocery stores.
* Environment: Bustling and vibrant, with a strong community feel.
Housing Options in the Borough Market Area
Converted warehouse apartments, Traditional flats.
Average Home Prices in the Borough Market Area
* Buying: £550,000 – £950,000
* Renting: £1,800 – £2,800/month
London Bridge
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London Bridge is a central and historic part of The Borough, offering an exciting mix of nightlife and access to the Thames. It's ideal for professionals working in the City.
Characteristics of the London Bridge
* Culture: Historic pubs, modern restaurants, and proximity to major tourist attractions.
* Transportation: London Bridge station provides access to several train and tube lines.
* Services: Excellent shopping and dining options, with the iconic Shard nearby.
* Environment: Energetic and cosmopolitan, offering a blend of old and new.
Housing Options in the London Bridge
Modern apartments, Historical houses.
Average Home Prices in the London Bridge
* Buying: £500,000 – £1,000,000
* Renting: £2,200 – £3,200/month
Bermondsey
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Bermondsey is an up-and-coming area known for its creative scene and modern developments. It's an ideal place for artists and young professionals seeking a vibrant community.
Characteristics of the Bermondsey
* Culture: Art galleries, pubs, and food markets with an emerging nightlife.
* Transportation: Several Tube stations and bus services connect to Central London.
* Services: Local artisanal shops, cafes, and a thriving bar scene.
* Environment: Trendy and artistic, with a sense of community.
Housing Options in the Bermondsey
Loft apartments, Terraced houses.
Average Home Prices in the Bermondsey
* Buying: £400,000 – £800,000
* Renting: £1,700 – £2,300/month
Elephant and Castle
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Elephant and Castle is a vibrant area undergoing regeneration, which offers a mix of modern housing and cultural facilities. It's ideal for families and young professionals looking for value.
Characteristics of the Elephant and Castle
* Culture: Home to the lively Elephant & Castle shopping centre and cultural venues.
* Transportation: Excellent transport links through rail and tube lines.
* Services: Various shopping options, supermarkets, and restaurants.
* Environment: Dynamic and evolving, with a strong sense of community.
Housing Options in the Elephant and Castle
Modern apartments, Purpose-built blocks.
Average Home Prices in the Elephant and Castle
* Buying: £350,000 – £600,000
* Renting: £1,500 – £2,000/month
Southwark
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Southwark is rich in history and offers a unique blend of heritage and modernity. It’s perfect for individuals and families who appreciate cultural diversity and history.
Characteristics of the Southwark
* Culture: Historic landmarks like Southwark Cathedral, and proximity to the Globe Theatre.
* Transportation: Good transport links via Jubilee Line and local bus services.
* Services: A variety of local shops, markets, and dining options.
* Environment: Heritage-rich and family-friendly, with plenty of green spaces.
Housing Options in the Southwark
Victorian terraced houses, Modern flats.
Average Home Prices in the Southwark
* Buying: £400,000 – £700,000
* Renting: £1,700 – £2,400/month
Frequently Asked Questions About the Best Residential Areas in The Borough:
The best areas in The Borough include Southbank, Borough Market Area, London Bridge, Bermondsey, Elephant and Castle, and Southwark.
Southbank is home to numerous cultural institutions like the Tate Modern and the National Theatre.
Borough Market Area is famous for its gourmet food selection and culinary experiences.
Southwark and Elephant and Castle offer family-friendly amenities and local schools.
Rental prices in The Borough range from approximately £1,500 to £3,500 per month, depending on the area.
Yes, The Borough has excellent transport links via London Bridge, Borough, and Elephant and Castle stations.
London Bridge and Bermondsey provide a vibrant nightlife scene with numerous bars and restaurants.
Elephant and Castle is considered one of the more affordable areas in The Borough.
Luxury apartments are prominently found in the Southbank area and London Bridge.
Yes, areas like Southwark and Bermondsey have parks and green spaces for relaxation and recreation.
Conclusion on the Best Residential Areas in The Borough:
The Borough offers a rich tapestry of residential areas, each bringing unique advantages for potential residents. From the cultural vibrancy of Southbank to the community spirit found in the Borough Market area, or the affordability and potential of Elephant and Castle, The Borough caters to diverse lifestyles and preferences. Whether you're a young professional, a family seeking a nurturing environment, or a cultural enthusiast wanting to live near London’s best attractions, this part of Greater London provides a plethora of options. With impressive transport links, a dynamic food scene, and a heartwarming community feel, choosing to live in The Borough promises an enriching urban living experience.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in property. I combine technology and analysis to help you discover the best places to live.