This coveted patch of SE1 offers a slice of Victoriana and the cultural delights of the South Bank
The street names in Borough and London Bridge may sound Dickensian, but it is in the lesser-known residential roads of neighbouring Waterloo that a real sense of Victorian London is to be found. While the main streets around Waterloo station and The Cut bring together a vibrant mix of well-heeled commuters, partying students and café-loving thesps, a small cluster of quiet but increasingly coveted brick terraces just below the clamour of the South Bank give the area a lived-in village feel that London Bridge lost long ago.
Where is it?
Just below the Thames, with Blackfriars Road to the east, Westminster Bridge Road to the west and St George’s Circus to the south. The abundance of bridges means that traffic is never too busy.The diversions of the South Bank — including the London Eye, British Film Institute and the Southbank Centre — are on your doorstep, although not all residents count this as “proper” Waterloo.
What is the property like?
The grid of streets between the South Bank and The Cut is increasingly popular. Two-bedroom terraces on pretty Roupell Street sell for close to £1 million and are popular with young professional couples. Double-fronted houses with up to four bedrooms on nearby Whittlesey Street sell for up to £1.2 million. Agents say that property prices have shot up since the revival of the South Bank ten years ago — doctors working at Guy’s and St Thomas’ hospitals used to buy here but can no longer afford to.
Properties in this area do not come to the market often — many residents have lived here for years — but, as local agents say: “They’re like buses. You don’t get one for years and then several come along at once.”
Field and Sons, the agent, has a £999,995 two-bedroom house for sale on Roupell Street, with a patio garden and a basement that can be used as a guest bedroom (fieldandsons.co.uk; 020-7407 1375).
Other popular streets include Theed Street (with some warehouse conversions) and Mitre Road. First-time buyers can find one-bedroom flats above shops on The Cut from £300,000. For those prepared to venture farther afield, Gladstone Road is a little oasis just below St George’s Circus (on the cusp of Elephant and Castle), with white stucco-fronted terraces that wouldn’t look out of place in Chelsea.
Any architectural gems?
Lambeth Palace, the official residence of the Archbishop of Canterbury, has a 12th-century crypt. Although John Penrose, the Architecture Minister, recently refused to list Waterloo Station, English Heritage insists that it is the first great modern railway station, with its magnificent Victory Arch.
What is there for culture vultures?
There is something for everyone — theatrical greats at the Old Vic (whose artistic director, Kevin Spacey, is rumoured to own property near by), contemporary plays at the Young Vic, film at the IMAX or the BFI, festivals at the Southbank Centre … the list goes on. Leake Street, which runs under the platforms of Waterloo and where Banksy adorned the walls with artwork two years ago, is now covered in spectacular graffiti that changes daily.
Restaurants and bars?
The Cut has seafood restaurants, curry houses, traditional British grub (The Anchor and Hope, which serves dishes such as tripe, was called “the most exciting new restaurant I have been to since I started writing this column” by Giles Coren, the Times critic) and the excellent Eastern European restaurant Baltic, with its fantastic cocktails, is just around the corner. Isabella Street, tucked away behind Southwark station, looks like a Mediterranean marina with its open-air bars and cafés.
Our thanks to The Times for this article