“The area next to Tower Bridge, and Shad Thames and Butler’s Wharf in particular, offers Londoners something a little different in terms of architectural style and feel.” says Mark Parkinson of Middleton Advisors.
“Cobbled streets, converted warehouses full of beams and exposed brickwork and a real sense of community. I am drawn to the area because Shad Thames feels like a mini dockside village on the river. There is heaps of character and the street and surrounding area feels very much like Victorian London.
Shad Thames and the nearby streets offer bucket load of interesting facts and trivia: The 1968 film version of Oliver! and more recent TV series Penny Dreadful and Taboo were filmed here. In Victorian times, the largest warehouse in London was in Shad Thames. Pirates were hung from nearby St Saviours Dock.
The area hosts lots of amazing places to eat and drink. Southbank is only a short walk away. London Bridge Station is going through a massive regeneration project. Just along the road, Bermondsey Street is also one of London’s hot spots for Sunday morning brunch. SE1 is an example of what makes London so great – a mixture of culture, interesting architecture and a multitude of different demographics all in one place.
From a property investment point of view, SE1 presents relatively good value for money for Zone 1. Prices range from £900 – £1600/sqft. The latter being a Butlers Wharf lateral flat with Thames views. Most local residents work in the city, just over the river, and can walk to work by way of Tower Bridge.
Some recent investment clients has opted for SE1 over a traditional Kensington & Chelsea flat, due to the reasons outlined above. I believe that because of these points, the area could see some short and medium term growth. It’s also worth noting that last year, while much of London saw prices fall by between 5 – 10%. SE1 saw prices hold firm according to data from Knight Frank.”
Shad Thames: From Wikipedia
Shad Thames is a historic riverside street next to Tower Bridge in Bermondsey, London, England, and is also an informal name for the surrounding area. he street Shad Thames is named as such in John Rocque’s 1747 map of London. The name may be a corruption of ‘St John-at-Thames’, a reference to the St John’s Church which once stood south-west of the street