Standard: East London Line benefits "most apparent" in Brockley

The Evening Standard's Homes and Property section is pimping Brockley and Telegraph Hill again. In a feature this week, devoted to telling people priced out of more central London locations where to look next, Brockley and Telegraph Hill get several name checks with the paper referencing research which argues that:

There is a knock-on lower down the market too, with second-time buyers selling flats to purchase houses in up-and-coming areas such as Brockley.

It goes on:

Telegraph Hill, on the Brockley / New Cross border is a Victorian conservation area with two refurbished parks, a church, community centre, cafĂ© and a highly-rated secondary school… there are amazing views of London. Local estate agents’ claims that the area is undervalued ring true. Will appeal to City workers.

Brockley is the south London district where the benefits brought by the extension of the East London Line are the most apparent. Offers room for families.

37 comments:

Anonymous said...

Is this (once gain) from Estate agencies?

Anonymous said...

No, we want to keep it a secret!

Brockley Nick said...

CBRE research. CBRE being the world's biggest "property consultants". So yes, basically. But, to be fair, it is supposed to be their job to know about the property market...

Anonymous said...

For me,
Brockley is overly promoted by this sort of news, and agencies are now torturing a lot people such as artists, students or single parent who can hardly afford arising rent! :(

hate this on the newspaper really!

Anonymous said...

People go on about the local "artist" community, but I've never met any of them. I think they have real jobs too, you can't afford rents anywhere with a few pieces hanging up in a cafe.

Anonymous said...

Bring it on ... There is so much more going on now than when I first moved here. It seems like the change is sensible change, and sense-checked through groups here like BXAG and BS, so it all sounds pretty good to me.

Anonymous said...

I'll never be able to buy here now.

Just passing through en route to Hull.

Anonymous said...

PS. Anonymous 11:17 - did you bother looking at the Open Studios map?

Anonymous said...

Brockley felt more real to me before 2005 or so, then there seemed to be an influx of Hugh Fearnley-Whittingstall types.

DJ said...

Yes, you can't move for old Etonians driving land rovers round here these days.
*rolls eyes*

Darylh said...

Hugh Fearnley-Whittingstall types, really? I look forward to their Hugh Fearnley-Whittingstall type cafes, deli and cooking schools.

Anonymous said...

It's practically one big farm shop now...

Anonymous said...

But they got the price per sf totally wrong. There is so much more upside here than their figures suggest.

Anonymous said...

I wish they wouldn't do this - I'll never be able to live here if they keep this up!

Brockley Nick said...

The thing to remember is that they have to do one of these "up and coming areas" features every week or so, so the law of averages suggests that Greater Brockley will get plugged a few times a year. Although it probably gets more than mentions than a lot of the rest of SE London.

Anonymous said...

I don't go against the changes of brockley for these years but i blame the greedy agencies and newspapers that being aggressively pricing up the rent in Brockley. It is true that a lot of old brockley people are struggling of the rent, or some friends of mine have moved out because of the arising rent. We should be proud that Brockley as a new vivid but "inclusive" place rather than CELEBRATING it has become the shining belt for the agencies, evening standard!!

Brockley Nick said...

Building more homes in the area helps to keep rent price inflation down...

Fattyfattybumbum said...

@ Anon 13:37 - rents have risen everywhere, from Catford to Cardiff. Brockley is not unique in that regard.

AliAliAfro said...

@ most recent anon

To be fair I think Brockley/ Crofton Park/ Honor Oak Park have changed a fair bit in the 5 years since I moved to the area... They were always nice areas to start with but the incremental improvements in transport, shops, bars, food etc just mean that the area is a bit more desirable now than it was then and particualrly for the kind of people who will rent...

And rents have gone up just about everywhere in London (isolated exceptions excepted). Im sure a few young professionals have moved here from East London, Brixton or dare I say it Clapham for what they see as cheaper rents...

Estate Agents will try and get max rents (that is their job after all) and people will either pay it or they won't. Save for rent control that is the way of the world. So, whilst its a shame that not everyone can live here who wants to, and some locals may get priced out, its not that surprising that the rents have gone up. I'm not sure anyone is 'to Blame' - its just the changing face of London.

Anonymous said...

Sure you get cheaper rents than Clapham, but at what price? Everyone in Brockley has had a family, has retired, or feels like they've died.

Mb said...

There is a way of keeping down prices, keep an area shabby. Close the ELL and any interesting new bussinesses. It's unavoidable. Nice places cost more than not nice places.

Anonymous said...

Anonymous at 11.17 - You can find most of the 'artists' in the Wetherspoons any afternoon.

Anonymous said...

yeah....barricade the ELL...squatters rights..."artists" being forced out...blah, blah, blah.

Reg said...

Brockley Nick said...
Building more homes in the area helps to keep rent price inflation down...

How... building the SHard hasn't kept the rents down.

Andy said...

What I do love about the moan about increased costs keeping "artistic" types out crowd is that they are the ones so often banging on about wanting "nice" independent shops to make it a more pleasant environment and being against tall buildings with many flats being built. Nicer places attract more demand, the law of supply and demand says with constant supply and increased demand that prices go up.

You can't have your cake and eat it.

TheOracle said...

This isn't the same "Spittles" who is registered living in Telegraph Hill - is it?

Anonymous said...

House of St Asaph road just sold by foxtons (according to their website) for 570,000

Anonymous said...

>How... building the SHard hasn't kept the rents down

Er, ten flats for sale at £10 million+ in London Bridge are relevant to Brockley rents?

Reg said...

Any increase in property values, or new stock in an area where values are increasing, will increase rents. That's as true for a new development in Brockley, or the Shard. The latter which can be said to be 'affordable' - to some. (Giggle)

An increase in high-density building may not as Nick asserted, 'keep rent price inflation down, it may - with the wrong sorts of developments introduced - drive them up.

Anonymous said...

They stated pries at 800 pounds per sf in the article. 350 is more like it! I fear buyers will think they can't afford it. Actually you get more space here than most places and about a third more with better architecture than in east Dulwich.

Robert said...

I've lived in Brockley on and off for about 30 of my 40 years, and remember it in the seventies and early eighties.

I can honestly say, I don't think that the area is any less/or more working class or middle class than it was then. It has always been a pretty healthy mix.

The main difference between now and then is its attraction to younger professionals, and the breakdown of larger houses into flats.

And the aspiration of younger professionals has changed since the 70's - as has the dominant industries they work in. The media industries didn't exist then, now it provides one of London's major exports.

headhunter said...

I'm afraid rent and price rises in brockley are inevitable. As areas become more desirable market forces dictate that prices rise. Artists came here because it was cheap. They moved on from other parts of London and they'll move on again. I moved to London from islington,I loved living in islington but I was priced out, poor starving artists and single mothers are not the people being forced to move.... Brockley is becoming nicer aka more desirable aka more expensive...get over it...if you can't find a cheap enough place in brockley move somewhere cheaper

Anonymous said...

.....Or, indeed, note that life contains incentives to work harder, get more money to enable you to afford where you want to live.

Instead of whingeing. (does whingeing have an "e"?)

Anyway, it did strike me as I sat on the (actually jolly useful- I pray it is never cut as a service) 484, how our area is now a fairly seamless transition from ED or at least the near side of Peckham Rye. And, also, how nice the people on that bus are adn what a genuine community feeling there is. (I am NOT given to such flights of fancy I can assure you.)

Basically, it has improved MASSIVELY recently. I think it is the Clapham money pouring into ED then out again towards us. OR it might be the Council money (errr ie mine and yours) tarting up the Council houses.

Anonymous said...

This is for those middle-class callous comments written above that say the poor has to leave Brockley if they cant afford the rent.

"

I have not been poor for a very long time, but when you have been, you never forget. My passing the 11-plus was not celebrated in my house. In fact, it was an extra burden as it meant an expensive uniform.

All of this recasting of inequality as being to do with lack of ambition or aspiration is to hide the truth: the political will to tackle this has dissipated. These families who live modestly but go crazy and buy "sliced ham" and pay their water bills are "the hardworking families" for whom it is not working. They are not "poor" but are starting to feel it. The squeezed middle – always an unpleasant image – is sliding downwards. The stomach for inequality distends.

Suzanne Moore

http://www.guardian.co.uk/commentisfree/2012/jul/11/i-have-not-been-poor

Anonymous said...

having lived in brockley since I was born (in the eighties) myself I completely agree with Robert - there has always been more of a mix of people than is made out. it is getting less and less affordable to rent around here, but its in Zone 2 in London and much better connected than ever before, so that's to be expected. i've just bought a flat in the Tea Factory which I totally regret so hopefully the popularity of the area will increase sharply so I can sell my flat easily!

Anonymous said...

dont get that last post. so its better and you cant wait to leave?

Anonymous said...

Why do you regret tea factory purchase?
Prices have rise massively so you could probably sell if you wanted to....
Sad to regret it though.

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