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I'm not sure about the usefulness of that FT link. Firstly, it's from January, and I suspect prices have changed (and in SE22 gone up) since then. Secondly, the average per square foot price may well be accurate as a mathemaical mean, but probably not useful for guide prices. I doubt you will find a 3 bed period terrace (which I would guess is the most popular property type in ED) anywhere in SE22 for the equivalent of ?380 psf.
Maybe stuff like close proximity to St. Johns, and the station adds up but Adys Rd. is hardly a quiet and peaceful road. If it was a semi or on a more quiet road or had an amazing garden it would be worth nearer to that. It would cost at least 50k to put an extra bedroom and bathroom in it so surely the price is more 650k. 4 beds round here are going for just over 700 I believe.

"I just find is all so depressing. Where will it stop? When NO-ONE but the tiny few can afford to buy? Rents are already heading that way."


You can't really use house prices in East Dulwich as a basis to make generalised assertions about the housing situation (whether there may be some truth in them or not). SE22 is an expensive place by SE London standards, because people who have money, or access to credit despite the current state of the mortgage market, are willing to spend it. There are plenty of places within a few miles of SE22 where property costs half as much - literally.

Mick Mac Wrote:

-------------------------------------------------------

> Most people start high and accept less.

>

> I always worry about someone who says, our

> property was only on the market a week and we sold

> it already. In that case the market potentially

> did not have time to establish the right price of

> the property.


Likely to be under-priced in that case. But it can all change when the survey takes place and depends on how much deposit someone has.

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