Could Bridget Jones still afford that flat above Borough Market today?
 

Could Bridget Jones still afford that flat above Borough Market today?

Bridget Jones has made many mistakes, but spotting the one-bedroom flat she occupied in the first film was not one of them.

Sitting above the Globe Tavern, the flat has risen in value by more than 240pc since Jones' screen debut in 2001, thanks not only to London's overheated property scene but also to its proximity to the reinvigorated Borough Market.

Back then, she would have paid around £190,000 for the flat, according to onthemarket.com, but would expect £650,000 were she to sell it today, despite the noise of two nearby railway lines.

Jones was a publisher in the first film, a job which, back then, would have commanded a salary of £23,000 - just enough to pay for the flat above the pub.

Today, that salary would perhaps allow Jones to get a mortgage of £90,000. This would make her unable to buy in London, though she could afford to rent in most places outside Zone 1.

Adjusted for inflation, her salary would today be £35,000, still unlikely to support the purchase of a house in the capital. But at least she could rent a very modest flat near Borough station.

But as all Bridget Jones fans will be pointing out, their heroine changed career to become a TV news producer. The new film, Bridget Jones' Baby, hints that she is a high-flier.

But she would have to be flying very high indeed to afford a smarter flat around Borough. For £764,995, Jones could buy a smart one-bed flat within five minutes' walk from the station. The property comes with handsome modern furnishing and underfloor heating.

Given that she is unlikely to be earning much more than £60,000 a year, Jones is equally unlikely to be able to afford such a flat, emphasising how unforgiving the market has become and how dramatically Borough has changed.

Zoe Mercer, of Jackson-Stops and Staff, which is selling the flat, says the price tag is representative of the area.

"You would be looking to spend between £600,000 and £1m for a one-bedroom flat," she says. "There has been so much investment into Borough Market and London Bridge - from the massive infrastructure changes underway at the station, to the influx of new bars, shops and restaurants below the arches - it's all evidence of how much the area continues to improve."

If Jones is earning £60,000 a year, she could still afford to buy, albeit nowhere as central and chic as Borough Market. Assuming she has no savings and secures a standard mortgage of around four times her salary, Jones would be likely today to live somewhere like south-east London's Forest Hill.

This one-bedroom flat in a Victorian building is a mile's walk and then a 15-minute train journey to Jones' old haunt of Borough Market. It comes with access to a residents' park - all the better to chase Colin Firth out into the snow. Jones could buy a 97-year lease for £269,995.

And for those still wondering, the actual flat that Jones lived in is used by the pub and is not for sale.

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