It's only "too much" if no one will pay it. Given the current market, and the trend for "open days" which just draw on people's panic about the lack of available properties in their price bracket - I wouldn't be at all surprised if it's not "too much". Indeed, it may go for more.

A house near me (heart of Forest Hill) recently went up for £800k, "in need of modernisation". Sold sign was up within two weeks.

Me? I've come to terms with renting whilst I choose to remain in London. I refuse any longer to get caught up in the panic and frenzy, I will not pay more than my rent to buy something worse, and all in all I've more or less made my peace with the fact that this city no longer has any property I am both willing and able to buy.

There's always been parts of it where I could never have bought. That's now become all of it. I'm now thinking longer term, at which point there'll be a choice to be made - stay in London and continue to rent, or move back to the north where I could be a homeowner.

But, as a single childless person, there's more important things in life than mortgages and paying for new roofing! Or for Farrow and Ball paint...