Need a space that’s ready for anything? Waterloo’s function rooms offer just that. Whatever event you're planning, a brainstorming session, a family celebration, or a birthday party, these venues provide everything from light and sound equipment to catering services. From conference spaces in Elephant and Castle to hotel function rooms in the east of Waterloo, versatile options are at your fingertips. Booking through Tagvenue gives you the advantage—quickly browse different layouts, chat with managers, and get the space that fits your needs perfectly.
The cost of function rooms averages around £1250 minimum spend per event. The final price will depend on location, size, amenities, and demand. Some venues also offer additional packages that include catering, AV equipment, or additional services. Take a look at the usual price ranges in Waterloo, based on Tagvenue data:
| From £500 | to £3000 | minimum spend per event |
| From £35 | to £136 | per person |
| From £30 | to £119 | hire fee per hour |
Based on the popularity and user ratings on Tagvenue (updated September 2026), the best options include:
The Blossom Tree Room at Sticky Mango Waterloo
in Waterloo - rated 4.9/5
Our user said: ‘Thank you to the lovely staff from the waiters to the bar staff to the chef!’
The Drawing Room at BFI Southbank
in Waterloo - rated 4.7/5
Our user said: ‘Sam was fab, venue was great, operation was slick.Would book again...’
Millennium & Battersea Suite at Park Plaza County Hall London
in Waterloo - rated 4.7/5
Our user said: ‘Fantastic venue, lovely service, incredible food! Thanks to Kendra and the team.’
You'll find function rooms in various sizes, from smaller spots to larger venues; keep in mind that the type of space and your chosen layout will affect the capacity! Below you can see the typical venue sizes in Waterloo, together with the standard prices in each size range, based on Tagvenue data (September 2026):
| Small | up to 35 guests | prices average £30 hire fee per hour |
| Medium | between 50 and 100 guests | prices average £800 minimum spend per event |
| Large | over 140 guests | prices average £3000 minimum spend per event |
Smaller function rooms usually fit up to 35 guests standing. Here are some great options in Waterloo, based on Tagvenue data as of September 2026:
The Orchids Room & Terrace at Sticky Mango Waterloo, rated 4.9/5 - dining room for 35 guests
Our user said: ‘Planning was smooth, the team was super organised, and the space had really good energy.’
Meeting Room 3 at The Travel Cafe Lounge, rated 4.9/5 - meeting room for 6 guests
Our user said: ‘We wanted a contained space and so a coffee shop or hotel lobby was not the place for us.’
The Heartbeat at LIMIN SOUTHBANK, rated 4.9/5 - event space for 30 guests
Our user said: ‘All 100 of our attendees were super happy and we are looking forward to booking this place again.’
Cheap function rooms in Waterloo start from £450 hire fee per event or £30 hire fee per hour. Check out these budget-friendly spaces you can book through Tagvenue, as of September 2026:
Event Space at Alaska Waterloo, from £450 hire fee per event
(up to 120 guests standing)
Our user said: ‘Open and spacious venue. Great value for money with an upfront cost and no bar spend. Helpful hosts.’
Meeting Room 3 at The Travel Cafe Lounge, from £30 hire fee per hour
(up to 6 guests seated)
Our user said: ‘For the price, it was an amazing value. I would definitely hire this room again and recommend it to anyone!’
The Fire Space at The Fire Station, from £15 per person
(up to 77 guests standing)
Our user said: ‘We hired out the Fire Station for a joint birthday event for ~ 50 people. The venue was perfect!’
In Waterloo, function rooms are most commonly booked for 5 to 40 guests. Here are some popular kinds of events people have hosted at these spaces on Tagvenue, as of September 2026:
| Party | Usually between £300 and £1,000. |
User who booked Event Space at Alaska Waterloo for 60 guests
said: ‘Andrew was a brilliant host and all of his staff were amazing! I would 100% recommend...’ |
| Meeting | Usually between £90 and £200. |
User who booked Meeting Room 1 at The Travel Cafe Lounge for 7 guests
said: ‘Great venue, we will be back. They moved us to a bigger area which was nice.’ |
| Private Dining | Usually between £600 and £800. |
User who booked The Orchids Room & Terrace at Sticky Mango Waterloo for 11 guests
said: ‘She appreciated more than any other venue I had contacted the importance of our lunch.’ |
| Conference | Usually between £600 and £2,500. |
User who booked The Fire Space at The Fire Station for 25 guests
said: ‘From Edyle the manager to the Chef in the kitchen. Everything was so professional.’ |
| Christmas Dinner | Usually between £1,000 and £1,500. |
User who booked The Buffini Chao Deck at The National Theatre for 80 guests
said: ‘The communication was wonderful. The team was extremely helpful and very pleasant to work with.’ |
Page last updated in September 2026
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