London’s South Bank is emerging as a desirable location for riverside living, challenging traditional hotspots like Chelsea and Wandsworth. The area, once industrial and uninviting, has undergone significant regeneration and now boasts a vibrant cultural scene, with the Tate Modern, Southbank Centre, and National Theatre among its attractions. The South Bank is also home to a variety of dining and shopping options, including Borough Market, one of London’s oldest food markets.
The South Bank’s transformation extends to its property market, with new developments offering luxury flats with stunning views of the River Thames. One such development, South Bank Tower, offers apartments starting from £2.4 million, attracting both domestic and international buyers. The South Bank’s appeal is further boosted by its central location and excellent transport links, making it an attractive option for commuters.
Despite the area’s upmarket developments and amenities, property prices on the South Bank remain competitive compared to other riverside locations. The average price per square foot is £1,400, compared to £1,800 in Wandsworth and £2,000 in Chelsea. This price difference, coupled with the South Bank’s cultural offerings and convenient location, makes it an enticing alternative for those seeking riverside living in London.
Go to source article: http://www.telegraph.co.uk/finance/property/house-prices/11425994/Forget-Chelsea-and-Wandsworth-discover-riverside-living-on-Londons-South-Bank.html