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Hello everyone. A new Berkeley scheme inside Zone 2 in London, five minutes by train from London Bridge. Today, from Southwark, Bermondsey Place.
Apartment types, current price range and location: see the project page
A residential scheme by Berkeley Homes in the south east of London, in the borough of Southwark, on Olmar Street between Old Kent Road and South Bermondsey station. It is selling in two phases: the first is The Art House and the second The Art Mill. Both sit on the same site and share the same communal areas, but their completion dates differ. Berkeley says on its own page that the first phase is over 70 percent sold.
Prices
- Prices: £515,000 to £940,000
- 14 apartments on sale as at 9 September 2026: 5 in The Art Mill, 9 in The Art House
- One bedroom apartments: £515,000 to £577,500 (51 to 53 m²)
- Two bedroom apartments: £710,000 to £765,000 (73 to 80 m²)
- Three bedroom apartments: £822,500 to £940,000 (84 to 90 m²)
- Completion: The Art Mill end of 2027 to early 2028, The Art House third quarter of 2028 to early 2029
- Travel zone: Zone 2
- Address: Olmar Street, Bermondsey, London SE1 5AY
Berkeley Homes is the housebuilding arm of Berkeley Group and is known for large scale urban regeneration in London. The company developing Bermondsey Place is Berkeley Homes South East London Ltd. The group has delivered earlier schemes in south London that turned former industrial land into housing; that is the first thing to look at on delivery record.
Why Bermondsey Place?
Close to the centre, without the centre's price. Bermondsey Place is inside Zone 2 and London Bridge is five minutes from South Bermondsey station. At many addresses with the same journey time the entry price is far higher. A one bedroom apartment starting at £515,000 is a reasonable entry level for this location by London standards. The second point is that the scheme is part of an area regeneration: the former industrial sites around it are being turned into housing one by one, and the neighbourhood changes a little every year.
- South Bermondsey station: the nearest rail station
- London Bridge: 5 minutes (Berkeley's own journey time)
- London Waterloo: 7 minutes (Berkeley's own journey time)
- Burgess Park: one of London's largest parks, within walking distance
- Inside Zone 2: the daily travel cost is more predictable than in outer zones
Daily life
Along Old Kent Road there are supermarkets, gyms and everyday shops; the cafés and restaurants of Bermondsey Street and Borough Market are one stop away by train. Burgess Park is large enough for a weekend: it has a lake, sports pitches and cycle paths. The scheme itself has a concierge, a gym and a co-working area, so part of daily life is handled without leaving the building.
Rental yield and tenant profile
Because the scheme does not complete before late 2027 there are no lettings in its own buildings yet; the closest comparable is Bermondsey Heights, completed in 2025 right beside South Bermondsey station. There, one bedroom apartments usually let for £1,850 to £2,200, 2+1s £2,200 to £2,500 a month (listings dated 12 September 2026). Against the £515,000 entry price at Bermondsey Place, that puts the gross rental yield at roughly 4.3-5.1% . The estimated service charge is £5.10 per sq ft, about £2,800 a year for a one bedroom; after the service charge and a void allowance the net yield falls to the 3.5% to 4% band. Rents may rise before completion, but there is no income until the keys are handed over.
The tenant profile is mostly people commuting to London Bridge, the City and Canary Wharf. The five minute rail link is decisive for this group, and buildings with a co-working space are preferred by those working from home a few days a week. Two bedroom apartments in this area also suit sharers, which lowers the void risk. For the apartment you are interested in, we work out the current rent level and the service charge together and calculate the net yield on your behalf.
Communal areas and specification
- Residents' concierge
- Residents' gym
- Co-working area and lounge
- Bosch integrated oven, touch control induction hob and integrated dishwasher in the kitchen
- Two interior palettes: Chalk and Clay
- Heated towel rail, bathtub and a bespoke mirror with feature lighting in the bathroom
Who is buying?
There are two buyer profiles. The first is someone looking for a new apartment in Zone 2 to live in, who values reaching the centre in five minutes by train. The second is an investor who wants to fix today's price with an off-plan purchase completing between the end of 2027 and early 2029. For the second group the completion calendar is critical: The Art Mill is delivered earlier, The Art House later.
Total cost: what do you actually pay when buying Bermondsey Place?
The table below is indicative, based on the £515,000 entry price and on a buyer who is not resident in the United Kingdom.
| Item | If it will be your only home | If it will be an additional home |
|---|---|---|
| Property price | £515,000 | £515,000 |
| Stamp duty (SDLT) | £26,050 | £51,800 |
| Legal fees | £1,500 to £3,000 | £1,500 to £3,000 |
| Searches and Land Registry fees | about £800 | about £800 |
| Approximate total | £544,100 | £569,850 |
With a mortgage there are valuation and bank charges, and if you let the property, management commission and income tax. For your own scenario, use our purchase cost calculator, for stamp duty our stamp duty calculator and for rental income our rental income tax calculator .
Risks and what to watch for
- Off-plan purchase. Handover is between the end of 2027 and early 2029. Your money is committed through that period and completion dates can slip.
- The life of a mortgage offer. If you are going to use a mortgage, the offer is usually valid for less time than the build takes; a fresh application near completion may be needed.
- Service charge. In buildings with a concierge, a gym and a co-working area the service charge is higher than in a plain building. It has to come off the gross rent in the yield calculation.
- The area is under regeneration. There may be building sites on the surrounding land for a long time. That can affect both the view and short term comfort.
- Damga vergisi. A buyer who is not resident in the United Kingdom pays a 2 percent surcharge; on a second home purchase a further 5 percent surcharge applies.
How does Bermondsey Place compare with the alternatives?
- Kidbrooke Village and Lombard Square: the same developer's schemes in south east London, further from the centre but with a lower entry price.
- TwelveTrees Park: Berkeley again, in east London next to a station on five lines.
- Bermondsey Heights: an alternative in the same area, by Barratt London.
- If you want to compare on distance from the centre, see the study where we gathered the London schemes into a single table.
We can work out which scheme fits your goal together, based on your budget, your intended use and your exit plan. For current availability, floor plans and the payment plan at Bermondsey Place, get in touch with us.
Answers to the most common questions on this topic: Is Buying a Home in London a Good Idea?
