most of the friends who studied at camberwell still lives in the area, around Peckham/camberwell/new cross
I lived in Peckham for a while very close to camberwell and I really enjoyed it. there is a lot of young people in the area as there is also goldsmiths in new cross. the area its not clean and beautiful or fancy like Chelsea and csm but the rent is cheaper.
im also in between courses from both colleges but I haven't visited either the places so I will be going to visit soon as well.
I've heard good things from both to be honest. but if your main medium is painting perhaps camberwell has more to offer.
I recommend going to the open days, talk to people and get the general vibe from there. check the tutors from each college and see if their work style resonates with you. also try to see the final year show from each of the places to give you an overall idea of what the students been producing too.