Peabody Square was a traditional Peabody estate constructed in 1871 but subsequently modernised.
By 1870 Blackfriars Road and the surrounding area had been overwhelmingly urban for more than 50 years. The population was at its peak and the population density was increasing as housing gave way to new railways from London Bridge to Charing Cross and Canon Street, and to expanding industrial concerns.
Strict tenancy terms and relatively high rents show that the landlords were not providing for the poorer section of the market and were careful to ensure a required return on their investment.
The quality of housing fell dramatically and the area had one of the worst records for unsanitary conditions and mortality rates.
Peabody Square was not the first example of purpose-built model dwellings built on a (part) philanthropic basis, but it was certainly the largest.
The grounds are particularly attractive - these were improved by Peabody in 2001.