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It is pretty amazing that 'standard' terraced houses in places that were quite unremarkable 10 years ago (Queens Park, Peckham) are now routinely over £1m.
Similar-sized houses in East Ham are still a half to a third of that price:
https://www.rightmove.co.uk/property-for-sale/property-80776444.html
Whatever problems the area has, this is a decently sized, nicely finished house, with a garden backing on to a park. Does that mean prices here are going to shoot up at some point? Or is the bubble going to burst elsewhere?
Or is East Ham a lot further away than I think, and my perspective is being skewed by knowing a lot of people who live in Seven Kings, Romford, etc.?
tbc
@Howard
I remember a few years ago - maybe 2017 - I posted about one of these on Kempe Road in similar condition being on for £1m and everyone shitting the bed
Well here we go, now they start at £1.5m.
https://www.rightmove.co.uk/property-for-sale/property-86234165.html