When buyers say they want to move to Nunhead, their reasoning flounders on the ability to walk to Nunhead's posher neighbours yet pay a fraction of those house prices.

And we do mean a fraction; a comparable home in East Dulwich, Peckham Rye, Bellenden Road or Telegraph Hill will set a buyer back between 100-150k more. Nunhead is cheaper due to a few reasons. First off, its mix of post-war/period housing, makes for the curly-round-the-edges setting that defines much of south east Londonís architectural landscape. Secondly, some of the schools here have never really made the grade. Middle-class families scramble to buy within catchment of Ivydale Primary, meaning prices around this school get pushed up. Youíll be lucky to pick up a period terrace here for less than 500k these days.

Personally, Iíve always like Nunhead because it isnít perfect. You want Kensington then off you trot. You want Nunhead? Then listen up: Nunhead has been made some fat promises recently.

Having secured nearly £1million last year to regenerate its centre and high street, Nunhead has just scooped a further £130k from the Mayorís Pocket Park Fund to improve Nunhead Green. A community hub/ pop-up shop (Nunhead Corner at 26 Nunhead Lane) appeared before Christmas to advise locals of regeneration plans and a website has been launched to keep the community up-to-speed.

Find out more about Nunhead's plans
Plans are being made to improve shop facades, build a new early years/community centre, resurface roads, install modern lighting and improve road signage. Talks are in progress about creating community events such as markets and music, art and film festivals. Another excellent resource for up-to-date information includes this great blog about Nunhead with a recent update on regeneration plans.

The proposals look great, and Southwark Council has full details of the Peckham and Nunhead Area Action Plan.

What kind of high street
You'll find people have been travelling to Sopers for their fish for years. Ayres the Baker and the tradtional butcher have devout followings while two delicatessens Bambini and The Frog on the Green serve the area (they're both excellent too). The Old Nun's Head is a fab boozer on Nunhead Green with an open fire, music nights and good restaurant.

Nunhead's housing stock and residents
Youíll be pushed to find a detached home around here - there are just 179, and there arenít too many semis either! Flats and maisonettes make of most of the housing stock, which explains Nunheadís young population - most people living in Nunhead are aged between 23-36 yearsí old. There are a higher number of social tenants than in neighbouring areas, There are 5761 social tenants, 3158 private tenants and 4183 homeowners says the 2011 census for Nunhead ward. Donít confuse this area with Peckham Rye or Peckham. Nunhead wardís boundary is mapped out here.

Where to buy in Nunhead
First-timers or those without kids will do well to congregate around the Brayard's Road side of Nunhead, or anywhere within walking distance of Queen's Road station. Since the East London Line arrived at Peckham Rye and Queen's Road, you can expect development to thrive. Campaigners have secured Peckham Rye's Grade II listing and both stations are due to be regenerated, with plans for new business premises to be created at Queen's Road. Families with smaller kids will want Ivydale Primary School, while older children are well catered for at either Harris Academy or very good nearby comprehensives - Forest Hill Boys' and Sydenham Girls'.