The Relocation Bureau

London Eye

Waterloo & London Bridge

Also Includes

Shad Thames

Postcode Areas Covered


Our Summary

Our rating of Waterloo & London Bridge

The parts of this area along the banks of the Thames are vibrant and busy with good apartment living and will be popular with city workers, particularly single people and couples. Moving south from the river the area becomes far less affluent and will appeal to young professionals or families on a tight budget.

General Description

Waterloo, London Bridge and Shad Thames sit on the southern bank of the River Thames directly below The City. Waterloo is the terminal rail station for rail routes coming in from the south-west of England and London Bridge is the terminal last but one station for routes coming in from the South and South-East of England. The Underground Jubilee line also runs through the area resulting in it being exceedingly busy during rush hours.

Waterloo, London Bridge and Shad Thames sit on the southern bank of the River Thames directly below The City. Waterloo is the terminal rail station for rail routes coming in from the south-west of England and London Bridge is the terminal last but one station for routes coming in from the South and South-East of England. The Underground Jubilee line also runs through the area resulting in it being exceedingly busy during rush hours.

The main feature of Waterloo is its rail station and until recently the area was quite run down and dirty. However, with some regeneration in recent years, many of the office buildings have been turned into residential apartments and the area has seen a rise in popularity particularly with young working professionals looking for more affordable accommodation and MP’s who can cross Westminster Bridge to easily get to work. The area of Waterloo directly adjacent to the river is South Bank, between Westminster Bridge and Blackfriars Bridge. During World War II the area was heavily bombed being rebuilt post war when buildings were erected in haste and out of concrete leaving it looking far from appealing. It is a well-known a hub for entertainment with the old County Hall now housing the London Aquarium as well as the London Eye, Royal Festival Hall, Southbank Centre and National Theatre.

London Bridge takes its name from the bridge which was originally the only road crossing over the Thames in the centre of London and is a hub for commercial activity which can be traced back to the Romans trading here during their occupation of Londinium in 43 AD. One of the most famous attractions in the area is Borough Market, a food market that claims to trace its history back to 1014 and is still open to the public nowadays from Wednesday to Saturday. This along with the far more modern Shard building draws many tourists to the area. The recent regeneration of the area has seen many trendy and architecturally diverse apartment blocks being built on the banks of the river bringing in an influx of City workers as inhabitants. This has made the area very socio-economically diverse from the multi-million pound apartments on the riverbanks to the smaller, run down terraced housing, with their long standing occupants as you head south.

Shad Thames is a small exclusive area next to the south east end of Tower Bridge. It was one of the largest warehouse sites on the banks of the Thames and cargo ships from around the world would offload their wares of tea, coffee, sugar and spices here. Over time these closed down with the few remaining shutting their doors in the 1970’s. The site was spotted by designer, Terence Conran, in the 1980’s who then started the refurbishment of the old warehouses into stunning new apartments, many retaining original features such as walls and beams. Many of the ground floors were converted into restaurants and cafes giving the area a constant quiet hum of life. .The area is only served by buses though London Bridge station is a short walk. It is very popular with City workers as to walk here takes around 20 minutes.

Travel Times

Waterloo and London Bridge are mainline stations for trains coming into London from the south-west, south and southeast of England. There are also good connections from the Underground with the Jubilee, Bakerloo and Northern lines passing through. There is also an Underground shuttle between Waterloo station and Bank station in the City, nicknamed ‘the drain’ by its users. Along with the multiple bus routes that head into the City another popular form of transport with some commuters are the river boats for which there are 4 stops on the Southern bank of the river in this area.

From Waterloo to... By Car By Train/Tube
Central London 2 miles, 10 mins 4 mins (direct to Bank)
Heathrow Airport 19 miles, 45 mins  
Gatwick Airport 27 miles, 60 mins 28 mins (direct from London Bridge)

The journey times detailed above By Car are for driving during off-peak times. The By Train / Tube travel is for the fastest journey that you will get at peak-times during the week.

Types of Housing and Pricing

Along the river bank there is a myriad of apartments blocks ranging from the elegant 1920’s County Hall building, originally government office that were converted into apartments to the newer, purpose built, Neo Bankside development. Property here is popular with young professionals, city workers and MP’s. In recent years there has also been an increase in investors purchasing the new riverside apartments.

Heading south from there the area becomes less salubrious the further you travel and the architecture changes quite dramatically to 80’s developments of houses and apartments, Victorian terraces and Georgian houses with price reflecting this. This area is popular with local people looking to buy property or for parents buying for their children.

The small enclave of apartments in Shad Thames is always popular with investors or more senior professionals looking for a good quality, quieter development not far from the city.

Waterloo & London Bridge
  To Purchase To Rent
Studio £400,000 - £680,000 £240 - £475 per week
1 bed £425,000 - £1,000,000 £280 - £800 per week
2 bed £500,000 - £2,250,000 £380 - £1600 per week
3-4 bed £750,000 - £3,000,000 £525 - £1950 per week
5+ bed £1,900,000+ £900+ per week

The above data represents an average range of property prices in the area. We have excluded extremes of pricing from our data set.


Education in the UK is compulsory for children between the ages of 5 and 16. Many state-funded schools offer a nursery class from age 4 and independent nursery from as young as 6 months. There is also a choice of both state and independent schools that offer higher education to age 18.

The Local Authorities (LA’s) for the area are Southwark and Lambeth and they are responsible for state-funded schools, including their admissions.

There are few schools in the area. Of those that there are, the state schools generally perform to or below the national average and there is only one independent school that strictly follows strong Christian beliefs.

To view a map showing schools in the local area, please click the button below. Each school on the map can be clicked to show further information, including OFSTED ratings, exam results, age ranges and number of pupils.

Schools Map


  • Primary
  • Ranked in Top 10%
  • Requires Improvement
  • Secondary
  • Oustanding
  • Inadequate
  • Primary and Secondary
  • Good
  • Independent School

We can help you to get round the nuances of the British schooling system with our school search services. We offer a range of programmes, from basic consultancy with one of our education specialists, to detailed reporting on every suitable school for your child or children, through to fully accompanied school inspections where we take you to see your top school choices.

More Info

Local Authority, Taxation and Crime Rates

Southwark and Lambeth Borough Councils are the administrative authorities responsible for the local area. They levy an annual charge known as ‘Council Tax’ for local services such as waste collection, street lighting, police and fire services. You should expect to pay Council Tax whether you are renting or buying.

The police authority for the area is the Metropolitan. For non-emergency calls to the police, phone 101.

Your local Member of Parliament (MP) is elected by their local constituents to represent their interests and concerns in the House of Commons.

A good source of information for crime rates in the area is ‘Illustreets’. The website has a great interactive map which provides detailed local statistics, including standards of living.


There are many fun and quirky, independent shops in the area, particularly around South Bank. There are a few smaller grocery stores in the area as well as some high street brands focused in or around Waterloo and London bridge stations. Bermondsey Street is a little gem of a village high street tucked away within the confines of the city and definitely worth a visit.

The closest shopping centre is Elephant and Castle but this has been closed for complete redevelopment of the area, which is likely to finish around 2021.

Surrey Quays Shopping Centre is located just a few stops down the Jubilee line to the east and has a reasonable selection of high street brands.

To the north-east of central London, but conveniently just further along the Jubilee line, is Westfield Stratford City, a large shopping complex with high street brands and designer stores as well as restaurants should you need to take a break.

Borough Market is London’s best known food market. Held every Wednesday to Saturday it offers an amazing range of fresh produce sourced in the UK to an eclectic variety of foods shipped from around the globe.

Southbank Centre Market is held every Friday to Sunday in front of Royal Festival Hall with stalls selling some of the best street food in the capital.

There are five main supermarkets chains in the UK: Asda, Morrisons, Sainsburys, Tesco and Waitrose. However, they now face competition from other brands such as Aldi, Lidl, The Co-Op and Marks & Spencer. Most offer on-line shopping facilities as well as Ocado, which is the only completely online grocery retailer in the UK, that offers Waitrose quality produce.

Waitrose and Marks and Spencer offer higher quality produce with prices reflecting this. Sainsbury’s and Tesco offer good value for money for a weekly family shop and Asda, Morrisons and The Co-Op are competitively priced with a larger range of budget everyday items. Aldi and Lidl are German brands that stock produce typical to the UK. They are often referred to as discount stores and offer fewer products.

As part of our Home Search Programme, we will orientate you around your target areas and show you where the nearest shopping centres and supermarkets are.

Home Search Programmes

Leisure Facilities

Columbo Leisure Centre offers a whole range of fitness classes, gym and cycling studio. There are also outdoor pitches that can be hired for football, tennis, netball and basketball.

The Odeon BFI IMAX cinema is located at Waterloo and has the largest IMAX screen in the country.

Curzon Mondrian Cinema in South Bank and is an intimate venue with just one screen that offers hot food to be eaten whilst you watch your film.

Local Attractions

Tower Bridge – one of the world’s most iconic bridges offers you access to the walkways and tours of the engineering room.

The Shard – standing at 95 storeys high it is the tallest building in London. The building offers a small retail section, bars and restaurants, hotel as well as the opportunity to see the breath taking views over the city.

Southbank Centre – houses Royal Festival Hall and the Hayward Gallery and is the largest centre for the arts in Europe.

London Eye – iconic Ferris wheel with capsules that holds up to 25 people. You can book individual places, groups or even hire a whole capsule.

National Theatre – houses 3 theatres offering a wide variety of shows.

Shakespeare’s Globe Theatre – the original theatre was built by the company that performed Shakespeare’s plays. Unfortunately that burnt down in 1613 but today there is a replica of the building on the site but is still dedicated to the performance of Shakespeare’s plays.

Design Centre – located in Shad Thames the museum shows design in every form.

Tate Modern – shows international, contemporary and modern art from 1900 onwards.

London Dungeons - a macabre look into London’s bloody history. Look out for the moving statues!

Lambeth Palace – home to the Archbishop of Canterbury for over 800 years and steeped in history.

London Imperial War Museum – houses exhibitions and shows peoples stories of war starting from World War I.

HMS Belfast- a museum ship that shows what life was like aboard at war and at sea from World War II.

Golden Hinde – captained by Sir Francis Drake this reconstructed vessel circumnavigated the globe during the 16th century.