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House Prices in BR1

The average house price in BR1 (Bromley) is £414,056 using HM Land Registry data.

The average property price increased by £103,742 (14.52%) over the last 5 years and increased by £20,734 (2.37%) over the last 12 months.

Over the last year, there were 459 residential property sales – a decrease of 327 transactions (-71.24%) relative to the previous year. The majority of house sales (151) were in the £280,000 - £402,000 range. Then came properties in the £402,000 - £524,000 range, where 99 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 74 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,925 (-2%).

In April 2024, there were 118 new estate agency instructions, 86 agreed home sales and 60 property price reductions.

5-Year Average Property Prices in BR1 (Bromley)

14.52%

Property prices in Bromley increased by 14.52% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in BR1 (Bromley) Over the Last Year

2.37%

Property prices in Bromley increased by 2.37% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for BR1 (Bromley) - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in BR1 (Bromley)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in BR1 (Bromley)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in BR1 (Bromley)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the BR1 (Bromley) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the BR1 postcode area since 1995.

Recent Sales in BR1 (Bromley)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
27 Ravensbourne Road, Bromley, Greater London, BR1 1HN	£600,000	£590,000	-£10,000	25 Oct 2023	08 Mar 2024	135 Days
35 Rochester Avenue, Bromley, Greater London, BR1 3DN	£850,000	£830,000	-£20,000	25 Oct 2023	08 Mar 2024	135 Days
63 Rodway Road, Bromley, Greater London, BR1 3JP	£675,000	£647,000	-£28,000	19 Sep 2023	04 Mar 2024	167 Days
Flat 38, Newman Court, North Street, Bromley, Greater London, BR1 1BQ	£180,000	£155,000	-£25,000	12 Oct 2021	21 Feb 2024	862 Days
1 Rolvenden Gardens, Bromley, Greater London, BR1 2TN	£525,000	£490,000	-£35,000	25 Oct 2023	20 Feb 2024	118 Days
42 Kynaston Road, Bromley, Greater London, BR1 5AW	£550,000	£545,000	-£5,000	01 Jun 2023	14 Feb 2024	258 Days
Malanda, Oldfield Road, Bromley, Greater London, BR1 2LE	£1,100,000	£1,100,000	£00	15 Nov 2023	14 Feb 2024	91 Days
11 Morgan Road, Bromley, Greater London, BR1 3QE	£400,000	£368,000	-£32,000	23 Oct 2023	09 Feb 2024	109 Days
Flat 22, Newman Court, North Street, Bromley, Greater London, BR1 1BQ	£250,000	£227,000	-£23,000	17 Aug 2023	06 Feb 2024	173 Days
10 Plaxtol Close, Bromley, Greater London, BR1 3AU	£800,000	£775,000	-£25,000	07 Jul 2023	05 Feb 2024	213 Days
122 College Road, Bromley, Greater London, BR1 3PF	£1,000,000	£975,000	-£25,000	30 Aug 2023	02 Feb 2024	156 Days
24 Hilldrop Road, Bromley, Greater London, BR1 4DB	£450,000	£450,000	£00	22 Jun 2023	31 Jan 2024	223 Days
121 Moorside Road, Bromley, Greater London, BR1 5EP	£325,000	£305,000	-£20,000	18 Oct 2023	19 Jan 2024	93 Days
5 Reynard Close, Bromley, Greater London, BR1 2AB	£785,000	£775,000	-£10,000	15 Aug 2023	18 Jan 2024	156 Days
15 Rochester Avenue, Bromley, Greater London, BR1 3DB	£875,000	£875,000	£00	21 Sep 2023	15 Jan 2024	116 Days
11 Bamford Road, Bromley, Greater London, BR1 5QP	£510,000	£505,000	-£5,000	23 Aug 2023	22 Dec 2023	121 Days
Flat C, 7, Cambridge Road, Bromley, Greater London, BR1 4EB	£379,950	£240,000	-£139,950	07 Jul 2011	19 Dec 2023	4548 Days
139 Ridgeway Drive, Bromley, Greater London, BR1 5DB	£700,000	£675,000	-£25,000	20 Jul 2023	19 Dec 2023	152 Days
50 Ambleside, Bromley, Greater London, BR1 4DN	£235,000	£215,000	-£20,000	19 Jun 2023	18 Dec 2023	182 Days
180 Keedonwood Road, Bromley, Greater London, BR1 4QP	£375,000	£360,000	-£15,000	14 Aug 2023	15 Dec 2023	123 Days

Most Expensive Streets in BR1 (Bromley)

Postcode	Street	Area	Average	No. of Sales
BR1 2QD	Sundridge Avenue	Bromley	£2,340,000	3
BR1 3LU	Garden Road	Bromley	£2,000,000	4
BR1 3AR	Plaistow Lane	Bromley	£1,693,333	3
BR1 2AD	Woodlands Road	Bromley	£1,661,500	5
BR1 2PQ	Hill Brow	Bromley	£1,655,625	8
BR1 3LX	Garden Road	Bromley	£1,595,000	4
BR1 2HN	Hawthorne Road	Bromley	£1,585,000	4
BR1 2WF	Berryfield Close	Bromley	£1,496,666	3
BR1 2QA	Sundridge Avenue	Bromley	£1,465,166	6
BR1 2HJ	Hawthorne Close	Bromley	£1,456,666	3

Least Expensive Streets in BR1 (Bromley)

Postcode	Street	Area	Average	No. of Sales
BR1 3HG	Palace Grove	Bromley	£93,812	8
BR1 3AE	Widmore Road	Bromley	£101,909	11
BR1 3LJ	Kendall Lodge, Willow Tree Walk	Bromley	£107,125	4
BR1 1TT	The Mall	Bromley	£168,833	9
BR1 4LX	Old Bromley Road	Bromley	£195,666	3
BR1 4PP	Bromley Road	Bromley	£198,333	3
BR1 1BQ	Newman Court, North Street, Bromley	Bromley	£201,115	13
BR1 1AA	Henry House, Ringers Road	Bromley	£201,833	3
BR1 3LQ	High Tor Close	Bromley	£230,166	3
BR1 4PA	Broadway House, Bromley Road	Bromley	£233,375	4