Nunhead is a London property hotspot

Nunhead, south east London

Recently a journalist asked for some help with an Evening Standard piece about Nunhead becoming a property hotspot.

It's fair to say Nunhead has been on-the-up for a number of years. Eager to share our knowledge and hopefully get a mention in the press for our efforts, I spent time outlining Nunhead's facts, history, demographic and then I compared historical sales data to find out how much square footage has risen in price in the area.

At the very peak of this years' property 'mini-boom,' a Nunhead home could sell for just over 600-per-sq-ft. This is an extraordinary leap from the area's previous average of around 450-per-sq-ft. This means that at their height, Nunhead prices were levelling with traditional prices in East Dulwich.

Of course, there's movement in these prices. A 600-per-sq-ft home is one that's in the most demand, the best condition and on the most desirable street. However earlier this year, reasonably nice 2-bedroom flats were flying off the shelves at over 500-per-sq-ft. When you compare this to a couple of large detached Georgian properties (found just outside Nunhead) that we sold at around the 600-per-sq-ft mark, you begin to see how fast a market can pick up.

The most in-demand properties are three bed Victorian terraces and one or two-bedroom period garden flats - these sell like hot cakes if they're pretty, cared-for and close to a station or a good school. In tougher markets, like the one we've entered now, you'll struggle to sell at all if you apply those mini-boom prices. The business of selling houses is entirely market-driven: you can only achieve the price somebody wants to pay for a home and unless you've got a lot of cash in the bank, you'll also need a surveyor to agree with your offer.

Nunhead is now playing catch-up to its traditionally posher big brothers - namely East Dulwich, Telegraph Hill and Peckham Rye. The recent redevelopment of Nunhead Green, new independent businesses opening up, older businesses being spruced up and the London Overground extension at Queen's Road have all played major parts in the area's transformation.

Nunhead station has always been in travel zone 2, for many years parents have championed Ivydale Primary School and you can walk across a beautiful park to enjoy the celebrious strongholds that East Dulwich and Bellenden Road have now become. Telegraph Hill sandwiches the area in the opposite direction and is another long-standing, high-faluting neighbourhood. Overlooked and deprived for some time, Nunhead has a higher-than-average proportion of social tenants, lone parents and out-of-work residents. It also has the lowest life-expectancy of all London areas as also reported in the Standard earlier this year.

Clearly the area was begging for a lift, let's hope Nunhead's residents feel the positives soon and its recent gentrification doesn't altogether flush out its heart. Seeing as community engagement is particularly strong and gathering momentum, I doubt Nunhead will loose its soul any time soon.

If you'd like to find out more about future plans for the area, see the Peckham and Nunhead Area Action Plan.