The Nunhead property market
The property landscape in Nunhead is shaped by its late-Victorian and Edwardian residential expansion outward from Peckham and around Nunhead Cemetery, one of the “Magnificent Seven” large Victorian London cemeteries opened in 1840. Characteristic bay-fronted terraces of two and three storeys line streets such as Ivydale Road, Gowlett Road, Inverton Road, Limesford Road and Bellwood Road, with larger Victorian semis on Linden Grove and the streets immediately adjoining the cemetery. The Telegraph Hill estate to the south, the Honor Oak Estate and parts of the Nunhead Estate, built between the wars and after the Second World War, sit alongside the period stock, and a smaller number of modern apartment buildings have been added around Nunhead Lane and the station in recent decades.
This mix of building types brings several considerations that are worth understanding when selling. The area sits above the Honor Oak Reservoir and the network of subterranean Thames Water reservoirs that run beneath much of Nunhead, which can occasionally appear on buyer searches as a covenant or boundary note. Parts of the area fall within the Nunhead Cemetery Conservation Area and the Telegraph Hill Conservation Area designated by Southwark and Lewisham Councils, which limit external alterations, window replacements and roof additions. Leases on Victorian conversion flats granted in the post-war decades are now often sitting between 65 and 95 years remaining, with anything below 80 years bringing the property into marriage value territory. Our guide to selling a short lease flat sets out the options in detail.
Recent Land Registry transactions across the SE15 postcode in Nunhead typically show one-bedroom flats clearing between £325,000 and £425,000, two-bedroom conversion flats commonly between £425,000 and £600,000, three-bedroom terraced houses generally between £700,000 and £1.05 million, and larger four-bedroom Victorian semis on Linden Grove and around the cemetery boundary generally trading between £1.1 million and £1.7 million when they come to market in original condition.