We live near Dunstan's. Our house is a lot cheaper than the East London prices we paid previously I think because it's not so easy for transport (ie three minutes from 5th floor flat to getting on a tube). However we had no issue with it as we cycle most places and have found buses and overground surprisingly quick. I work in Central and OH works east and it takes us 35 minutes to get to work. Admittedly we're more cycling and dinner type people than out all night clubbing but we don't have kids and love it here so far. If you are party people Peckham is the place to be I'm told so you've got the right area! Number 12 bus route is a short walk away and takes you direct to Oxford circus via picadilly and it's 24 hours, or London bridge has numerous ways of getting home late if you are meeting friends in town. There's a lot more 'going on' here IMO than there was in East or North London when I lived there but it's difficult to know what one person wants as entertainment compared to someone else. Hope that helps and Merry Christmas.