Brockley's 'booming' rental market

Having recognised that talking up house prices in London is a lost cause at the moment, the local estate agents have turned their attentions to the rental market. The South London Press today quotes no less an authority than Housemartin's Estate Agents, who says:


“Since August last year we’ve seen a 40 per cent increase in young professionals coming in from other boroughs looking for places to rent, as Lewisham is cheaper and has good transport links thanks to the opening of the East London line.” He said a two-bedroom flat in Brockley would have cost £235 a week in August but was now £285.


The Brockley Cross Action Group's Des Kirkland endorses that message, although the photo chosen by the paper to illustrate Brockley must make the casual reader ask why.

25 comments:

Brockley Jon said...

Quality photojournalism. I notice you can actually buy their pictures, I might get that one for the mantelpiece.

oli said...

Which is sadly why - when turfed out of our lovely flat in Upper Brockley Road to make way for the landlady's daughter – we couldn't find anywhere for rent in Brockley and had to make do with New Cross. So ended many years of SE4 living. Still, not too far a walk for Broca.

Barbara said...

Ooh am moving soon and need to rent out my flat so this is excellent news ...!

BrockleyCross said...

Nice one SLP. You've made Brockley look like a total hole.

mg said...

I was just coming on here to look for a rentals thread and here we are. A friend is looking for a preferably private let - two-bed (though one would be ok if big), for a nice couple with baby. They aren't fussy about area but I'm trying to persuade them SE4wards! Anyone know of anything available now or soon please post here, thanks.

Ed said...

The same Housemartins whose office in the teafactory lies dormant, devoid of life, tatty and discouraging, with a cheap handwritten sign suggesting you contact another office. F*ckers!

The Cat Man said...

How much does a 4 bed house rent out for?

I currently have a 3 bed house, was thinking of loft conversion this year but was wondering if the increase in possible rent would justify it?

Anonymous said...

Hence every developer is building 1 bed flats that are not suitable. They developers seem to be behind the curve. Brockley needs better 2-3 bedrooms for youunger executives, students or younger couples to share.

Anonymous said...

Agree with that last comment. I want a 3 bed flat with a garden but can never find them.

Anonymous said...

Agree with that last comment. I want a 3 bed flat with a garden but can never find them.

Charlie said...

The news round just keeps getting better and better. I am so satisfied with how things.

Tressillian flat owner said...

All good news and agree with the comments above. Not sure if echoed anywhere else but in the cons area there's been a number of classy looking new extensions built/being built/planning apps for etc over the last couple of years. Some are to the big houses but others are ext's to 2-bed ground floor flats. There's an ambitious development of 2 flats on the corner of Drake Road which appears completely geared to the higher end professionals rental market that this article alludes to.

trixie said...

not such good news if you rent... (because people not from SE London, who couldn't afford East Dulwich or Clapham have all moved here thus pushing up the prices and making it impossible for actual born and bred Brocklyites to actually buy a flat). I know the point is moot and I don't actually care about not being shackled to a mortgage for the next 40 years and I like the fact that there are more fun things to do in Brockley now. But, can people who are thinking of renting flats not go crazy with the prices :)

Kate said...

not my choice of pic i'm afraid so sorry about that.

Anonymous said...

Clearing and demolition work has started at the back of 169-171 Brockley Road.

If I remeber well the approved plans where for 6 mini 1 bed flats on Harefield Mews(not so good). However I think that means that the Brockley Road shop front is going to be refurbished as well (Probably the end of the Holistic Corner!!)

Tim said...

Rather than Brockley booming, is it not just the case that the rental market across London is booming, due to lack of affordability of housing?

Anonymous said...

I don't see how this is good news?
Those of us who are priced out of buying a flat will soon be priced out of renting too, um, yay?

Brockley Nick said...

House prices are a zero sum game. Good news if you own a property and want to let, bad news if you don't and want to rent.

Beyond that, you could argue that they're an indicator of the desirability of an area and therefore, local economic confidence.

I hope that the original article didn't suggest that I thought it was particularly good news.

patrick1971 said...

@trixie: making it impossible for actual born and bred Brocklyites to actually buy a flat

I really struggle with this argument. My grandparents had a large house in Bloomsbury before WW2 which they gave up when they were moved out to Hemel Hempstead in the immediate postwar period. The other side of my family is originally from Cornwall, in an area that is now long since colonised by holiday letters. I can't afford to live in either of those places. So I moved to somewhere I could afford. What's the problem?

Ed said...

Agreed Patrick.
I am not sure where these preceived 'rights' come from. I grew up in Clapham yet cannot afford to live there on my own now (I wouldn't want to any longer, it's like a Melbourne suburb). I am very happy here in Brockley (well most of the time) but may well move on depending on my circumstances.
Careers, homes etc are dynamic in this brave new world people, deal with it!

Tamsin said...

Family dislocation is the problem. It's nice to have three generations able to live within reach of each other. Grandparental involvement, baby-sitting on tap and able to pop in to Nan's after school.

Brockley Nick said...

Yes, I suppose some people find that nice. But it's not a big deal. Some people actively seek to get away from their parents and grandparents. It wasn't my aspiration to live next door to my parents...

In a city as dynamic as London, three generations living in the same square mile should be an anomaly.

Babysitting is useful, but you don't need to live next door to offer your services.

Anonymous said...

It's not a big deal for you, but it clearly is for others who have grown up close to their family and within a close knit community. It's sad that people aren't able to live within communities they feel part of because it's too expensive for them.
Isn't this blog always trying to engender a sense of community amongst Brockleyites? The reason that's gone is because people don't feel a connection to areas they move to just because they're affordable - they feel connected to an area because they're part of a community, and proximity to extended family and friends is a big part of that.

Tamsin said...

Maybe I've a hankering for what I did not have as an adult - both sets of parents lived in Gloucestershire and we were in south east London - not clever. At least my sister when she had come up to the big smoke had a flat in spitting distance of Paddington and could pop down for a weekend whenever she wanted to. And for what I had as a child - my mother's parents were a semi-separate household but under the same roof.

I see a sense of family connectedness as extremely valuable.

Also aren't Lewisham paying lip service to "homes for life" and trying to encourage the re-growth of stable communities.

Headhunter said...

It is sad that people can't afford to live close to their families but it's inevitable in a city as busy as London with green belt preventing much expansion (yet protecting valuable green space). I used to live in Islington and loved it there. I desperately wanted to buy somewhere decent up there but couldn't afford it so I ended up in Brockley which I'm no very happy about. One set of my great grandparents owned an enormous house in Highgate which has long been sold off and broken into flats - I was born and raised in Luton, but that's life!

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