Brockley's 11-feet-wide house sells for half a million quid

Game over. This house, nicely designed to make efficient use of available space but nonetheless tiny (84 square metres) and wedged in an existing terrace, on a main road, next to a supermarket - has sold for a mere £490,000.

In the context of the current London market, the price is profoundly unsurprising. But it is the final proof, if further proof were needed, that Brockley is officially no longer a relatively affordable part of London.

23 comments:

Fuxstons said...

Hyperbole off the scale!
"Quirky, architect-designed house near to station achieves high price" proves nothing.
There are 3 bed houses in SE4 on rightmove costing less than this 2 bed...
Brockley is certainly less affordable than it once was but have a gander at the rest of zone 2 and it is very much still 'relatively affordable'...

Guest said...

904 sq ft for a two bedroom isn't tiny (and it is bigger than most two bedroom flats which are normally 700-800 sq ft - and you get the freehold title and garden). Not everyone can afford a four bedroom £1.2 million villa on a quiet conservation zone area like Manor Avenue or Tressillian Road.

I am not saying it is cheap, but at £542 per sq ft, it certainly isn't way off the majority of houses in Brockley. Checking on Rightmove, I see a house on Upper Brockley Road sold for £570 per sq ft.

Headhunter said...

Took a long time to sell though didn't it... First reported on sale in Sept 2014. That's an absolute age by Brockley standards. Flats round me on Manor Avenue usually sell within hours or at least a couple of days

Headhunter said...

I agree, 904 sq ft is far from tiny for a 2 bed. I would even say 800 sq ft is pretty large by local standards. Some 2 bed flats in the area are about 650 sq ft.... £490k is pretty "reasonable" by SE4 standards for a freehold house....

Headhunter said...

Really? Please show me a 4 bed house for less than this in SE4! If there is one it probably needs about 100k investing in it to bring it up to standard...

Testing said...

Flats on upper brockley road are going for more than £700 per sq ft, it's a decent size. Bigger than my flat!

Testing said...

Having said that it's also where the space is and at 11ft wide it's going to feel cramped

Brockley Nick said...

Yes, it's in line with many other properties in the area. That is the point of the article.

The builders are in said...

Not really. I'm not even sure its finished yet. In 2014 you'd have been buying it off plan. I think it's sold very quickly considering it's definitely somewhere you'd want to look around first as there's nothing in the area to compare it to. Like I said, it's either not finished or its only just finished being built.

Guest said...

904 sq ft isn't small tho.

fuxstons said...

Don't be lazy - just look on rightmove. Besides what does "up to standard" mean? Not everyone buys perfect properties in perfect roads and surprise surprise the ones that are cost a bit more. My point was that the house referred to was at the top end of the spectrum as evidenced by its price relative to 3 bed properties. If you aren't too snobby about it Brockley is still relatively affordable.

Fuxstons said...

Average house price in clapham is over £1.1 million. But brockley isn't relatively affordable?

Brockley Nick said...

The only two areas of London are Brockley and Clapham. Fact.

Fuxstons said...

The relative affordability of an area can be determined with zero reference to any other comparable areas: Fact.

The price of a single property is representative of an entire postcode: Fact.

Fuxstons said...

Fair enough but I disagree - I think we'd be below average in zone 2 house prices.

Brockley Nick said...

We are. But zone 2 is disproportionately expensive.

Headhunter said...

I had a look, you're right, there are 3 bed houses on sale for a touch less than this but they're mostly at the edges of SE4 or ex council etc and need a fair amount of work (OK, they are habitable). I don't think this price is particularly surprising for it's location (right near Brockley station), for a brand new house with all "mod cons" and freehold house....

terrencetrentderby said...

I looked at a "cheap" 3 bed ex-council house in Brockley the other month, far too many single moms in leggings pushing potato faced kids around for my liking.

Fuxstons said...

I'm sure you saw the 3 bed properties right next to Crofton Park Station that aren't ex council in that price range.
OK so we agree that the house BC refers to has a price reflecting the fact that it is new, well located and has all mod cons. My only point was that this isn't representative of all stock in the postcode (ie there are perfectly OK 3 bed houses in that price bracket) and therefore this one sale shouldn't necessarily be taken as conclusive evidence that Brockley is relatively unaffordable - for that you should probably be looking at the affordable end of the house spectrum.

Headhunter said...

Yeah the CP ones are what I meant by "on the edges of SE4", 3 bed houses in core Brockley - near the station - command a higher price. It's not poss to buy a house at this price near Brockely station with access to the Overground etc...

Fuxstons said...

Ah ha - I'm comparing SE4 to 'comparable' areas (i.e. Zone 2) - where as are comparing SE4 to the whole of London. Fair enough - Its a lot closer on that basis: The average sold price in London currently sits at £594,585 (Guardian April 2015) compared to average sold price last year in SE4 of £451k and current average asking price of £567k (Zoopla). Admittedly, they are not like for like comparisons (timing/property makeup). Perhaps we can agree that we are relatively affordable compared to comparable areas in zone 2 but very much mid-tier when compared to the rest of London as a whole?

Fuxstons said...

Once again WE AGREE!!!! Nice houses cost more - that was never in question - I am not suggesting they are comparable house, quite the opposite. All I have been trying to say is that this slim new house isn't representative of the whole of SE4 and that 'relatively affordable' properties can still be found in SE4 - like the CP one. I repeat - I am not suggesting they are comparable.

Brockley Nick said...

I exactly agree with that.

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