Tower Bridge Property Guide
Tower Bridge is one of London’s most recognisable landmarks, connecting the East End Borough of Tower Hamlets with the southeast Borough of Southwark.
The surrounding area is one of the oldest and most interesting in London. This is the London of Dickens, and it is rich in history. With London Bridge a short walk away, getting in and out of the city is easy, and property in the area is at a premium.
Besides Tower Bridge, many other attractions are nearby, including the Tower of London, Borough Market, The Shard, and the London Dungeon. With excellent transport links, the rest of London is also easily accessible.
Properties in Tower Bridge
Tower Bridge Property Market
According to Rightmove, properties in Tower Bridge had an average price of £923,623 over the last year, nearly double the average price of a property in London. This high price tag is driven by several factors, including the area's prime location, excellent transport links, and the vibrant lifestyle offered to residents.
Tower Bridge is situated at the heart of London, within walking distance of many renowned tourist attractions and businesses. This central location makes it a desirable destination for residents and professionals who work in the city, contributing to the upward trajectory of property prices.
Furthermore, Tower Bridge benefits from excellent connectivity to public transportation networks, making it easy to get around. This level of accessibility further adds to its popularity and desirability as a residential location, driving higher property prices here.
Tower Bridge is also home to a wide range of high-end shops, restaurants, and bars, contributing to the lively and cosmopolitan lifestyle on offer. These amenities further enhance Tower Bridge's appeal, making it one of London's most sought-after residential areas.
Property Types in Tower Bridge
Most of the properties in Tower Bridge are flats and apartments, many situated in the popular Shad Thames area with its trendy warehouses, cobbled streets and unique character and history.
Tower Bridge is a magnet for professionals who want to live in desirable properties close to Central London. Many of the warehouse conversions offer spacious apartments to buy or rent. For example, Gainsford Street, Lafone Street, and Queen Elizabeth Street have a stunning mix of old and new residential buildings. Former industrial buildings converted into luxury flats sit alongside new-build apartment blocks with balconies.
Further away from the extensive redevelopment of the industrial buildings along the Thames are small estates dominated by four and five-storey blocks of maisonettes. The area between the railway lines and Jamaica Road boasts mid-century flats in quiet cul-de-sacs. Many streets have some green spaces and private parking — something relatively rare in this London neighbourhood.
The Tower Bridge neighbourhood has homes and townhouses suited to families; however, most properties are flats, apartments, and blocks of maisonettes. Further from the Thames between Tower Bridge Road and Bermondsey are small pockets of Edwardian Terraces on Grange Walk and near Abbey Street.
Tower Bridge is home to various architectural styles, reflecting its long and rich history. Some of the most common architectural styles for residential properties include Georgian, Victorian, Edwardian, Modern, and Postmodern.
Tower Bridge's architectural diversity isn't just pleasing to the eye; it's also proof of its ability to evolve with the times, catering to its residents’ changing tastes and needs. As the area continues to thrive, we see new architectural influences, ensuring that Tower Bridge remains a vibrant and dynamic neighbourhood. This adaptability, paired with its historical significance, is one of the many reasons it is a sought-after residential destination.
Buying Property in Tower Bridge
Buying a property in Tower Bridge is a wise choice, and investing in property in the Tower Bridge area offers several compelling advantages. Firstly, the strong and consistent demand for property in this location ensures a stable and potentially profitable investment. The area's iconic status, cemented by the world-renowned Tower Bridge and the historical charm of the surrounding neighbourhoods, makes it a popular area for residents seeking rental properties. With the promise of continued growth and redevelopment, Tower Bridge is a promising location for property investment, as investors can take advantage of the potential for capital appreciation and rental income as the area continues to evolve.
Renting Property in Tower Bridge
Due to its proximity to the Capital’s financial districts of the City of London and Canary Wharf, Tower Bridge is popular with renters. Most rental accommodation is in flats, which suit professionals and City workers. The average rent for a one or two-bedroom apartment in Tower Bridge is around £620 per week.
The cheapest rented flats are in social housing estates closer to Bermondsey and Southwark, where it is possible to find flats for under £400 per week. However, on the other end of the scale, a riverside warehouse conversion could cost between £800 and £1,000 per week.
The popularity of renting an apartment in Tower Bridge lies in the lower costs and time saved on commuting. Many city workers can walk to work or take a short Tube ride to Canary Wharf.
Property for Sale in Tower Bridge
Property to Rent in Tower Bridge
Buildings of Significance in Tower Bridge
Tower Bridge, an architectural feat designed by Sir Horace Jones and engineer Sir John Wolfe Barry, was constructed in the late 19th century to address the growing need for a Thames River crossing in the heart of London. This historic bridge opened in 1894, with its distinctive towers and intricate Victorian Gothic details, making it an enduring symbol of the city. Beyond its iconic status, Tower Bridge has a rich historical context, witnessing the passage of time and serving as a vital transport link; it even used to have its own mortuary.
Today, Tower Bridge remains a symbol of London and contributes to the historical charm and appeal of the area. As tourists and visitors flocked to the area, Tower Bridge developed into a thriving urban hub with amenities, shops, and restaurants that residents can also take advantage of.
Tower Bridge Schools
There are many excellent schools in the Tower Bridge area, some of which are listed below:
- Tower Bridge Primary School is a beacon of educational excellence, nurturing young minds and providing a solid foundation for their academic journey.
- Hermitage Primary School is dedicated to creating a warm and inclusive learning environment, fostering a love for knowledge in its students.
- Beormund Primary School is committed to the holistic development of its pupils, offering a diverse range of educational opportunities and extracurricular activities.
- Spa School is known for its dedication to special education, providing a supportive and inclusive setting where every student can thrive.
- Walworth Academy is a hub of academic achievement, shaping the future of its students and preparing them for success in their chosen paths.
- Wapping High School is a dynamic educational institution that encourages critical thinking and creativity while preparing students for a bright future.
Tower Bridge Regeneration Information
Past Regeneration Projects in Tower Bridge
One of the most significant and impactful regeneration projects in the Tower Bridge area was the redevelopment of London Bridge Station and its surroundings. This ambitious undertaking has not only modernised one of London's busiest transportation hubs but has also rejuvenated the entire area, making it an attractive and dynamic location for residents and investors alike.
The regeneration of London Bridge Station, in conjunction with the development of The Shard and the new London Bridge Quarter, has ushered in a new era for the Tower Bridge area. Here's why it stands as a transformative project:
- Transportation Hub: The redevelopment of London Bridge Station has dramatically enhanced its transportation connectivity. It has become a vital hub for commuters with improved access to mainline train services and the London Underground. This accessibility factor is a significant selling point for both residents and businesses.
- The Shard: The construction of The Shard, designed by architect Renzo Piano, has added a striking architectural marvel to the London skyline and contributed to the area's overall popularity. The Shard's mixed-use development includes luxury apartments, office spaces, restaurants, and a hotel, elevating the area's cultural significance and modernity.
- Residential Appeal: The development around London Bridge Station has also added various contemporary residential options. Modern apartments and living spaces are now available for those seeking a prime location with exceptional transport links.
- Amenities and Lifestyle: The regeneration project has brought with it a host of modern amenities, including restaurants, bars, and shops. These lifestyle offerings have transformed the London Bridge area into a bustling and vibrant neighbourhood, creating a highly desirable environment for residents.
- Historical Context: The project respects the area’s historical context while infusing it with a contemporary vibrancy, creating a balance between tradition and modernity.
Regeneration Projects in Tower Bridge
The Thames Tideway Tunnel project is a vital initiative addressing London's ageing sewer system, originally designed for a population less than half its current size. This endeavour, spanning 25 kilometres under the river Thames, will significantly increase the sewage system capacity to capture and convey the raw sewage and rainwater that currently overflows into the river during rainfall.
Thames Tideway Tunnel, executed by a consortium of investors, will cost £4.5 billion and is funded by Thames Water's 15 million wastewater customers. Construction work commenced in 2015 and is expected to be completed by 2025, ensuring the protection of the River Thames for generations to come.
This transformational project is part of a larger effort to tackle a longstanding pollution issue in the river, with London's Victorian sewer network unable to cope with the demands of its growing population. With a diameter of 7.2 meters, the Thames Tideway Tunnel is a monumental solution to this problem, safeguarding the river's health for at least the next century.
The Thames Tideway Tunnel project in Southwark is relevant to the Tower Bridge area as its primary construction site is at Chambers Wharf on Chambers Street. This location has been temporarily acquired for the tunnel's construction and will play a crucial role in addressing London's sewage system challenges. Once the tunnel is complete, the site is earmarked for the construction of new homes, thus contributing to the ongoing transformation of the Tower Bridge vicinity. The project is poised to significantly impact the local area, enhancing the quality of life for residents.
Tower Bridge Community
The iconic bridge is a popular tourist destination and home to many residents, businesses, and organisations. The community is committed to supporting each other and making the area a great place to live, work, and visit.
- Tower Bridge Communities: This group promotes community by fostering connections among the diverse neighbourhoods surrounding Tower Bridge. Discover stories, initiatives, and events that bring these communities together. Engage actively in local life, collaborate on projects, and celebrate unity through shared experiences under the iconic Tower Bridge.
- Tower Hamlets Council: The Council aims to actively promote community spirit through various impactful initiatives. From the Community Grant Scheme, which funds community projects, to the Volunteering Programme, which connects volunteers with local organisations, they are dedicated to creating a community of collaboration and unity.
- Tower Hamlets Homes Community Food Gardens: This initiative promotes a sense of togetherness by working on green spaces within the community. Their efforts aim to establish community food gardens, where residents come together to grow fresh produce and nurture a sense of unity. These gardens promote sustainable living, local collaboration, and a stronger community bond for local residents.
- London City Runners: This group creates a sense of community by organising regular running sessions, events, and activities. They provide a platform for individuals to come together, share their love for running, and improve their fitness levels. Through their initiatives, London City Runners promote healthy lifestyles, social connections, and a supportive environment for runners of all levels.
- In a Field by a Bridge Festival: This event has music, culture, and community coming together. With a diverse lineup of artists, performances, and activities, from live music performances to interactive experiences, the festival promises an electric atmosphere that celebrates local talent, fosters connections and offers an exciting experience for attendees.
Transport Information
Tower Bridge is very well connected, with Underground and Overground stations as well as numerous bus routes.
Underground:
Tower Bridge has two main train stations:
- Tower Hill
- Tower Gateway
- London Bridge
Overground:
There are two stations in the area:
- London Bridge
- Fenchurch Street
Bus:
There are many bus routes operating in the Tower Bridge area:
The following bus routes operate from London Bridge Station: 17, 21, 35, 40, 43, 47, 48, 133, 141, 149, 344, N21, N133, N199, RV1
Six bus routes operate from Fenchurch Street Station: 35, 40, 47, 48, 149, 344
Things To Do in Tower Bridge
Residents in the Tower Bridge area have a wealth of activities on their doorstep, from exploring historic landmarks to enjoying the vibrant culinary scene and riverside walks:
- The main attraction here is, of course, Tower Bridge itself. You can head right up to the top of the bridge to walk across it, and as well as enjoying the fascinating exhibition, you will be able to see stunning views from the top.
- The lively Bermondsey Street is close by with its many bars and restaurants, as is the South Bank with a range of restaurants and attractions, including the Tate Modern, Shakespeare's Globe Theatre, the London Eye, and the British Film Institute IMAX.
- Just across the river, you can also visit the Tower of London, one of the city’s best attractions. Go on a tour with a Beefeater, see the famous ravens, marvel at the Crown Jewels, and learn all about the tower’s fascinating history.
- The Fabric and Textile Museum offers a fascinating journey through the history of fabrics and textiles, providing visitors and residents with an opportunity to explore the creative side of the area.
- The Imperial War Museum is a short journey from Tower Bridge and a unique destination to delve into the rich military history of the nation, offering a thought-provoking and educational experience.
- The London Dungeon offers an immersive and entertaining experience for residents, where they can delve into the darker side of London's history through interactive storytelling and theatrical displays.
Whether you're looking for a historic property, a modern apartment, or something in between, you're sure to find something to your taste in Tower Bridge.
If you're interested in finding a property in the area, please contact us today.
