Rotherhithe homes typically sell for about £477,000, and that figure is mostly the price of a flat. Flats go for about £435,000. Terraces go for the best part of £720,000. Prices have barely moved in a year. The river is still here, and so is the bill for living next to it.
The Land Registry recorded 316 sales in Rotherhithe and South Bermondsey in the year to late May 2026, at a median of about £477,000. Flats made up 255 of them, at a median of about £435,000. The 52 terraced houses that changed hands went for about £719,000, and 8 semis for about £728,000. With so few houses selling, the headline median is mostly a flat price. Anyone shopping for a front door at street level is in a different and much smaller market.
The published house price index for the area rose 0.9% in the twelve months to May 2026, which is close enough to standing still. The flat-only index did not move at all over the same year. That is a flat market in both senses, and the ground floor of a converted warehouse is worth what it was worth last spring.
Band D is the most common council tax band here, and 32% of homes are in bands A or B. A band D home pays about £1,970 a year to Southwark. For a district a short Jubilee line hop from Canary Wharf, that is one of the few bills that looks like it got the wrong postcode.
For renters, the Office for National Statistics index puts typical private rent at about £2,400 a month as of April 2026, though that covers all of Southwark and not Rotherhithe alone. The index is a mean, and across the borough it runs to about £1,800 for one bedroom, £2,300 for two, £2,600 for three and £3,500 for four or more. There are no published figures for studios or single rooms. Rent and a mortgage end up uncomfortably close here, and that keeps the buy-or-rent argument going in a lot of riverside kitchens.
Income makes buying look possible on paper. The Office for National Statistics models median household income across the area at about £70,400 a year before tax, for the financial year to March 2023. That figure is gross and three years old, so a buyer's real budget is smaller than it sounds. A household on that money can see a flat at around £435,000 from where it stands, as long as there is a deposit and the second earner keeps the job. A terrace is out of reach unless the deposit came from somewhere else.
The Land Registry and energy certificate records give a median of about £7,400 a square metre, with a typical floor area of 74 square metres behind it. That only covers the 40% of sales that could be matched to a certificate's floor area, so it is a measure of the sales that can be measured. Flat buyers should ask for the service charge history and the years left on the lease alongside the asking price, because on a riverside block those two numbers shape the real cost as much as the square metres do.
The 2021 Census shows what most of that space is divided into. Two-bedroom homes are the biggest group, at 41% of households, then one-bedroom homes at 30% and three-bedroom homes at 21%. Only 8% have four bedrooms or more. A growing family can find the second bedroom easily, and the third takes a lot longer.
For flats in reach of Canary Wharf, Rotherhithe prices are middling and fair. A house with stairs and a garden costs far more than the headline figure suggests.