Houses to rent in Southwark, SE1, Greater London

Frequently asked questions about renting in Southwark

What is the average rent in Southwark?

The average rent for a home in Southwark is £3,315 a month. A few very expensive homes pull that average up, so a more typical rent is £2,850 a month. This is based on the 956 homes to rent on Houses right now.

How much is a 2 or 3 bedroom home to rent in Southwark?

A typical 2-bedroom home in Southwark rents for £2,815 a month and a 3-bedroom home £3,850 a month. So the extra bedroom adds about £1,035 a month. 1-bedroom homes rent for around £2,250 a month, and 4-bedroom homes rent for about £3,850 a month.

What is the price range of rental homes in Southwark?

Most rents in Southwark are between £1,600 and £16,725 a month, leaving out the very cheapest and most expensive. One in five rents for less than £2,200 a month, and one in five £4,100 a month or more.

How many homes are available to rent in Southwark?

There are 944 homes to rent in Southwark on Houses right now, plus 151 already let agreed. 1,264 new listings came onto the market in the last 30 days.

Are rents going up in Southwark?

Yes. Homes put up to rent in Southwark over the last 12 months were advertised at a typical £2,600 a month, 4.2% higher than the year before (£2,495 a month). By size, 1-bedroom homes are up 6%, 2-bedroom homes are up 8% and 3-bedroom homes are up 10%.

How quickly do rental homes let in Southwark?

Most rental homes are let or taken off the market within about 2 weeks. About 67% go within the first month. Flats go faster, in about 2 weeks against about 3 weeks for houses.

What rental yield can I get in Southwark?

About 7.2% gross for flats and 5.5% for houses. That compares typical rents with what flats and houses actually sold for in Southwark over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in Southwark?

Flats and apartments are the most common, about 9 in 10 homes to rent in Southwark. Terraced houses come next, followed by semi-detached houses. Flats and apartments are the cheapest, at about £2,700 a month, and detached houses the most expensive, at about £5,000 a month.

Where is it cheaper to rent near Southwark?

Of the areas around Southwark, London is the cheapest, with a typical rent of £2,500 a month. Southwark itself is £2,850 a month.

Are rental homes in Southwark furnished?

About 8 in 10 rental homes in Southwark that say so are furnished, and the rest come unfurnished.

What are the schools like in Southwark?

There are 68 primary and 18 secondary schools in Southwark. 96% of those inspected by Ofsted were rated good or outstanding, and 24 were outstanding.

Which train stations are in or near Southwark?

Stations in Southwark include Peckham Rye, East Dulwich, Denmark Hill and Queens Road Peckham.