Waterloo is situated on the south bank of the Thames, across from Westminster, in the London Borough of Lambeth. At the center of this South London neighborhood, which bears its name from the British triumph during the Napoleonic Wars, lies a bustling mainline station. The Waterloo area has different property types, from Georgian houses to railway cottages, period conversion, apartments, mansions, and modern riverside apartments.
With such a wide range of properties to choose from, property in Waterloo is highly sought after by young professionals, politicians, and civil servants. The area also has excellent attractions, including theaters, the London Eye, and Tate Modern.
Property Values
There are 30,705 people living in the Waterloo area, and most of this population rents their homes. The average price of residential properties in Waterloo is £1,004,690, a significantly higher average compared to other areas in the UK.
Properties in Waterloo have a 3.8% annual rental return, and 1 bed apartments rent for £2000 per month. Flats from various eras make up the majority of the real estate market. In the Mitre Road and Ufford Street protected area, there are upscale Edwardian apartments, and there are also local government buildings and converted warehouses available to accommodate varied needs.
Why Waterloo Is the To-Go Place for Hong Kong investors
Education
Schoolchildren in the Waterloo region attend schools in the boroughs of Southwark and Lambeth. In addition to attracting some of the best and brightest minds from all over the world, Waterloo is home to two of the top-ranked universities in the nation.
The Perimeter Institute of Theoretical Physics and the Centre for International Governance Innovation are just a few of the think tanks that are assisting in the transformation of great ideas into some of the most profitable and inventive companies in the nation.
Transport
In addition to numerous commuting services, primarily into the south and west of London, Waterloo station also operates trains farther afield to the south coast and places like Southampton and Bournemouth.
The Waterloo & City line offers a four-minute trip into Bank, while the Bakerloo, Northern, and Jubilee lines all pass through Waterloo. In addition to the many options already available, buses depart from Waterloo in all directions.
Because parking is scarce and the entire Waterloo region is under the congestion charge zone, many inhabitants decide against owning cars. A cycle lane across the Waterloo Bridge and a Quietway path from Waterloo to Greenwich have made cyclists feel safer despite the area's customarily congested roads and bridges.
Safety
While crime in Waterloo is still present, state police, private security, and the Waterloo residents prioritize safety in the area. The police response time evident in major and minor incidents is remarkable, and residents often rely on each other whenever necessary.