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:
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.?
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.?