Bromley (London Borough)

Area Guide For Bromley (London Borough)


Bromley (London Borough) Map

Estimated Price: £453,388
Average Asking Price: £663,608
Price change in last one year: £37,052
Average Price Paid: £349,558
Average Rent Rates: £1,402


Property Prices Breakdown in Bromley (London Borough)

Average Price for property in Bromley (London Borough) is around £453,388 which varies based on type of property you are interested in and ranges from £813,653 for detached house to around £461,562 for semi-detached. Similarly terraced house is around £363,591 and a flat is worth £279,358. Values have been changing and have risen £1,352 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £775 in last 6 months, £37,052 in last 1 year, £67,347 in last 2 years, £79,227 in last 3 years, £76,680 in last 4 years and £83,723 in last 5 years.

Currently average asking price of a property in Bromley (London Borough) is around £663,608 based on approximately 5,124 properties for sale. Same is the case with rental options based on 443 properties up for rent, average asking rent is around £1,402 per month.

Estimated property value in Bromley (London Borough) is £453,388. Average asking price is £663,608 while average price paid is £405,773 which is up by £37,052 and Avg. asking rent £1,402.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 (London Borough) area. In last 1 year alone average price buyer paid is around £405,773 based on approximately 5,124 sales in Bromley (London Borough) area alone. If you compare it to last 3 years sales of 15,971 properties where buyers paid around £363,084. 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 £349,558 for 24,881 and average amount paid for purchase of approx. 5,124 properties sold in last 7 years comes to about £405,773 per sale.

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.

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