Typical 3-bedroom house£822kmost £738k–£954k
Houses per m²£8,705flats £6,978
Sold last year2321,655 in five years
Prices in Southwark+0.1%on a year ago
A typical 3-bedroom house in SE16 sold for £822,455 over the last five years, in today's money; most went for between £738,169 and £954,488, for about 98 m² of space. That is about the same as the same home across London (£840,000).
232 homes sold here in the last year: a steady market with homes coming up most weeks. Flats start at around £334k for one bedroom. Within the district, houses cost the least per m² in SE16 2 (£7,604) and the most in SE16 6 (£9,363).
Across Southwark, prices are up 0.1% on a year ago and up 6.2% over five years. Renting a similar home there costs about £2,732 a month; a 90% mortgage on the typical price would be around £3,751 a month at 4.5% over 30 years. Lenders would typically want a household income of about £164,000 for that mortgage: what £170,000 buys.
Questions about SE16
Is SE16 a good area to buy a home?
What the numbers say: a 3-bedroom house costs about the same as across London; prices in Southwark are up 0.1% on a year ago; the best state primary nearby is above the England average (92% against 64%); the best secondary is above it (74.7% against 43.8%); 232 homes sold here last year. Whether it suits you depends on your budget and what you need nearby, so compare it with the districts around it below.
How much is a 3-bedroom house in SE16?
A typical 3-bedroom house in SE16 sold for £822,455 over the last five years, in today's money. Most sold between £738,169 and £954,488.
Is SE16 expensive for London?
A 3-bedroom house in SE16 costs about the same as the typical 3-bedroom house across London (£840,000).
How many homes sell in SE16 each year?
232 homes sold in the last year and 1,655 in five years: a steady market with homes coming up most weeks.
What are the schools like near SE16?
The best-performing state primary within 2 km is St John's Roman Catholic Primary School, where 92% of pupils met the expected standard at age 11 (England: 64%).
Where is cheaper near SE16?
For a 3-bedroom house, SE8 (£731k, 2 km), E1 (£735k, 2 km), E14 (£693k, 3 km).
Sources: HM Land Registry price paid data matched to the EPC register for size and bedrooms, last five years in today's prices; UK House Price Index (July 2026); ONS private rents (August 2026); DfE school performance tables. Districts with fewer than five sales of a kind are left out. The mortgage figure is an illustration, not advice.