Properties in Forest Hill and Honor Oak continue to be excellent value for London.

Average price in SE23 in Nov '10 = £307k

Average price in London in Nov '10 = £448k

SE23 house prices are less than 70% of the London average. Even East Dulwich at £376k is only at 84% of the average.

This is good news for property buyers in the local area, particularly first time buyers, but I do think that our area is above average for London in so many ways (green space, views, connections to Central London and Dockland, coffee shop index, quality of schools, etc), I don't see why this isn't reflected in house prices.

Is it because we are more than 20 minutes from a motorway to get out of London, because trains don't run after midnight, or are we just on the wrong side of the river?