House prices up by 40% for Nelson Mandela House, Peckham– lovely jubbly

BY TOBY PORTER
toby@slpmedia.co.uk

Estate agents like to make the most of a property.

If it’s been on television regularly and the people who lived there were stars, that should be an easy sell for even the most amateur salesman.

Until they have to reveal that it’s Nelson Mandela House, in Peckham, and the occupants were Del Boy and Rodney Trotter, of Only Fools and Horses fame. Plonkers.

The famously useless duo have been known to sit around for extended periods plotting how to make their next million, or pop up in Batman and Robin costumes. But neither of those is likely to help bump up the asking price.

There is now confirmation, though, that flats in Nelson Mandela House, had it really existed, would have risen in value more rapidly in the last five years than almost anywhere in London. Cushty.

Estate agents Good Move have created a guide to what famous properties from films and TV shows would cost, based on property prices in the areas they are set.

Like Only Fools, some of the locations are fictional – but you can’t have everything..

They said: “Nelson Mandela House flat is valued at £556,008.

“This three-bed apartment may seem modest from the outside, but is surprisingly spacious, with enviable views of South-east London.

“Set in the up-and-coming area of Peckham, the area has undergone significant regeneration in recent decades.

“Popular attractions include a natural spring that acts as the source of Peckham Spring Water, and the ever-popular Nag’s Head pub.”

But property prices have risen almost four-fold in the 37 years since the series was first broadcast. Lovely jubbly.

Nelson Mandela House has even been featured in a board game – but not Monopoly. It’s called the Trotters Trading Game.

Needless to say, there’s no chance of winning a beauty contest.

A spokesman for Good Move said: “Peckham was once portrayed as a less-than glamorous area of London 30 years ago – that’s precisely why Only Fools and Horses was set there.

Now, though, it’s one of the capital’s most rapidly up-and-coming postcodes.

Over the past five years, property prices across London have risen by 30 per cent.

“In Peckham, however, the figure is 40 per cent. Since 1998, by which time the area’s regeneration was well under way, values are up by a massive 337 per cent.

“Young, wealthy people are looking to move to Peckham, and this has made it a particularly creative part of London.

First-time buyers clubbing together now make up a large portion of sales here, and the streets around Bellenden Road are the most sought-after.

“It might be quite a difference from when Del and Rodney were first on our screens, but Peckham’s popularity these days means that a flat the size of theirs would command a handsome price today.