The two famously fell out when they were at Chelsea, as accusations emerged about Terry having an affair with Bridge's ex-girlfriend.
Terry is said to have engaged in a sexual relationship with Vanessa Perroncel in 2010, while she was seeing Bridge.
The two never mended their relationship, but it appears they will be neighbours.
Terry has invested £4.35million in a mansion that is in the same neighborhood as the one that Bridge owns with his partner.
A source told The Sun: "It's going to be pretty hard for them not to bump into each other.
"They are literally just a few minutes walk apart. It could make an awkward meeting."