South east London is fetching the highest rent increases in London say estate agents Kinleigh Folkhard and Hayward (KFH).

Want to know which area comes in at number one? Itís Surrey Quays. This downbeat, neglected and somewhat scary part of south east London has previously only had a bowling alley, Decathlon and stinky Nandos to boast about. It was one of Roterhitheís crimey-grimey embarrassments, so how can it now demand shockingly high rents?

Since 2005, Southwark council has been planning to redevelop this close-to-town bit of south east London. The area remodelling coincides brilliantly with east Londonís rise in attracting high-end retailers and media/tech industries to root there, the UK recovering from recessions and a new train line that reduces commutes significantly for many Londoners.

Now complete, the London Orbital (East London Line) swings round from Clapham Junction, cuts across to Peckham, down to Crystal Palace and right up to Highbury & Islington via the trendiest bits of the East End. Places such as Honor Oak, Forest Hill and Crystal Palace were previously perceived as being too far away for many commuters, yet are now easily accessible for workers in the east End, Canary Wharf or Islington.

Surrey Quays station is next to Canada Water station and the acres of land being remodelled falls between and around the two, and yes, this includes Surrey Quays Shopping Centre with the stinky Nandos. Plans for the new shopping centre, owned by Tesco and British Land, are outlined on the website.

Outside Canada Water station is now a posh-sounding ĎCanada Quaysí a 40 acre site where Barratt are allowed to build 900 of the 2,000 new homes planned. A snazzy contemporary library was opened there this summer among various retail outlets and a modern waterside plaza.

Community space, public gardens, public bicycle facilities, 10% of disabled units and even the odd beehive have all been thrown into the mix to provide a post-Corbusian utopia, all in drab old Surrey Quays. Property developer firm Renewal have taken on 30 acres of derelict land along Surrey Canal Road, where up to 2,500 new homes will be built. London & Quadrant housing association is building shared-ownership properties and Southwark pledge that 35% of all new housing in and around Surrey Quays will be affordable to buyers.

Itís all a very short trip into the City, Canary Wharf and the UK's much-hyped digital tech hub in the East End.Tech City is so central to the UKís digital industry that Dave Cameron has just pledged £50million to regenerate Old Street roundabout and provide Europe's largest civic centre for digital media training. To give you an idea of how close Surrey Quays is to all this, itís only 11 minutes on the East London Line or a 30 minute bike ride.