Monday 19 March 2007 11.52am
I work in Westminster, and I know this is going to sound disloyal to the SE1 community, but in terms of value for money at the moment I'm a big fan of SE16. Elephant is also reasonable, and may be a sound investment with the upcoming regeneration, though not currently very pleasant in certain parts / times of day. I did try to live in MCH but it fell through, so I'm not an implacable opponent of that part of the world.
The Tower Bridge Area would be good for a commute to the city, turning it from a long walk to a short one, and certainly avoiding the Northern Line situation, otherwise the redevelopment as far out as Canada Water offers some bargains and is 13 minutes from Westminster by tube, and two stops from London Bridge for the City.
As for cycling, I gave up in fear when I moved to London, but once you get to the right side of Elephant it'd probably be a relatively simple ride and fairly safe by London standards, I would say Lambeth Road
, Bridge and Millbank rather than Westminster Bridge, but both would work.
Anyway, good luck.