Rotherhithe is one of the most interesting areas in Southwark. It has plenty to love, including a long history and some fantastic housing, including warehouse conversions. In addition, it benefits from being just across the river from Canary Wharf and Central London. All of this combines to make it a good location to invest in. If you do that, we can help with services like estate management in Southwark.
A major advantage Rotherhithe offers is some great transport links for commuters. There are overground trains at the local station and the Jubilee Line serves nearby Canada Water. Plus, there are ferry services to cross the river. There is also the tunnel linking the area to Limehouse. That is a crucial link for road users, cyclists, and pedestrians.
Putting fears to rest
The Rotherhithe Tunnel dates back to 1908. It is quite a rare piece of infrastructure because all forms of traffic share the same bore. There are some impressive features too, including the Grade II portals with their pink granite faces.
While the tunnel is important, sadly it was not originally designed to deal with modern levels of traffic. After opening, just 2,600 vehicles a day would use it and some 14,000 pedestrians. By the 50s, there were 10,500 vehicles using it daily. By the 90s it had risen again to over 34,000. The level is similar to this today. Only a small number of pedestrians use it now.
The impact of the massive increase in vehicles is the tunnel needs infrastructure upgrades. Most importantly, the ventilation system requires upgrading to deal with the mush higher level of emissions. The estimate is it could take 9 months to do all the work.
There were fears that TfL would close the tunnel in 2025 to do the maintenance. This would cause a huge amount of problems for commuters, forcing them to use alternative routes. However, they have confirmed there are no plans to do it. In fact, TfL said they won’t look at the project until the Silvertown Tunnel is open. This would allow people to still cross the river and the nearby area.
TfL already has concept designs for the refurbishment, so an important job is complete. However, they said they need to confirm financial support will be available from the government.
Do you need help with estate management in Southwark?
The news about Rotherhithe Tunnel will be very good for people who live in this part of Southwark and investors. It means an essential local transport link will remain open for at least 2024 and 2025.
If you do have assets in the area or elsewhere in the borough, we can give you some exceptional services. They can include management as well as guaranteed rent. Our goal is to make being a property owner easier for you, reducing the work you need to do and guaranteeing your income.
So, if you need any help with estate management in Southwark or services for other kinds of homes, speak to us. We’d be happy to assist you.