Area Guide For Bromley

Bromley is a substantial rural town, the regulatory central command of the London Borough of Bromley in Greater London,w England. It was truly a business sector town sanctioned following 1158 and an old area in the region of Kent. Its area on a drilling course and the opening of a line station in 1858 were vital to its advancement, and the monetary history of Bromley is supported by a movement from an agrarian town to business and retail. As a feature of the rural development of London in the twentieth century, Bromley altogether expanded in populace and was fused as a city district in 1903. It has formed into one of a modest bunch of territorially critical business and retail areas outside focal London and has shaped piece of Greater London since 1965.


Bromley Map

Estimated Price: £453,258
Average Asking Price: £554,273
Price change in last one year: £42,050
Average Price Paid: £333,306
Average Rent Rates: £1,407


Property Prices Breakdown in Bromley

Average Price for property in Bromley is around £453,258 which varies based on type of property you are interested in and ranges from £926,168 for detached house to around £490,033 for semi-detached. Similarly terraced house is around £361,945 and a flat is worth £294,139. Values have been changing and have risen £4,900 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £12,945 in last 6 months, £42,050 in last 1 year, £82,973 in last 2 years, £82,274 in last 3 years, £82,014 in last 4 years and £89,074 in last 5 years.

Currently average asking price of a property in Bromley is around £554,273 based on approximately 1,525 properties for sale. Same is the case with rental options based on 195 properties up for rent, average asking rent is around £1,407 per month.

Estimated property value in Bromley is £453,258. Average asking price is £554,273 while average price paid is £385,009 which is up by £42,050 and Avg. asking rent £1,407.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Bromley area. In last 1 year alone average price buyer paid is around £385,009 based on approximately 1,525 sales in Bromley area alone. If you compare it to last 3 years sales of 4,773 properties where buyers paid around £345,043. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £333,306 for 7,511 and average amount paid for purchase of approx. 9,883 properties sold in last 7 years comes to about £324,443 per sale.


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £141,667, £337,938 for a 2 bedroom house, £439,907 for a 3 bedroom house, £674,464 for a 4 bedroom house and £1,209,805 for a 5 bedroom house. For a flat similarly the prices varies from £217,654 for a single bedroom to £316,909 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £351,678 and £369,975 for a 4 bedroom flat. To sum up the asking prices for properties in Bromley it comes to around average £211,141 for 1 bedroom property, £322,615 for 2 bedroom, £427,414 for 3 bedroom, £667,214 for 4 bedroom and £1,209,805 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £662 for 1 bedroom to £1,361 for 2 bedrooms, £1,548 for 3 bedrooms, £2,036 for 4 bedrooms and £2,491 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £910. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,262, £1,695 for 3 bedroom and £2,275 for 4 bedroom. You should be generally be expecting around average £849 rent per month for single bedroom property, £1,283 for 2 bedroom, £1,588 for 3 bedroom, £2,074 for 4 bedroom and approximately £2,491 for a 5 bedroom property in Bromley area.

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Transportation in Bromley

Browse by Streets in Bromley