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Bromley House Prices Bromley House Prices

The average house price in Bromley is £603,066 using HM Land Registry data.

The average property price increased by £173,365 (33.75%) over the last 5 years and increased by £34,649 (5.31%) over the last 12 months.

Over the last year, there were 833 residential property sales – a decrease of 594 transactions (-71.31%) relative to the previous year. The majority of house sales (201) were in the £428,000 - £576,000 range. Then came properties in the £280,000 - £428,000 range, where 183 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-22,159 (-2%).

In April 2024, there were 235 new estate agency instructions, 157 agreed home sales and 122 property price reductions.

Neighbouring Areas: Bellingham, Downham, Beckenham, Biggin Hill, Chislehurst, Elmers End, West Wickham, Selsdon, New Addington, Eltham, Orpington, Eden Park

Postcodes Covered: BR1, BR2, BR3, BR4, BR6, BR7

5-Year Average Property Prices in Bromley

33.75%

Property prices in Bromley increased by 33.75% 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 Bromley Over the Last Year

5.31%

Property prices in Bromley increased by 5.31% 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.

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).

Property Market Heat Gauge for 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 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 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 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 Bromley since 1995

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

Recent Property Sales in Bromley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 38, Newman Court, North Street, Bromley, Greater London, BR1 1BQ£180,000£155,000-£25,00012 Oct 202121 Feb 2024862 Days
42 Kynaston Road, Bromley, Greater London, BR1 5AW£550,000£545,000-£5,00001 Jun 202314 Feb 2024258 Days
11 Morgan Road, Bromley, Greater London, BR1 3QE£400,000£368,000-£32,00023 Oct 202309 Feb 2024109 Days
Flat 22, Newman Court, North Street, Bromley, Greater London, BR1 1BQ£250,000£227,000-£23,00017 Aug 202306 Feb 2024173 Days
103 Westmoreland Road, Bromley, Greater London, BR2 0TY£980,000£950,000-£30,00006 Jul 202319 Jan 2024197 Days
5 Reynard Close, Bromley, Greater London, BR1 2AB£785,000£775,000-£10,00015 Aug 202318 Jan 2024156 Days
15 Rochester Avenue, Bromley, Greater London, BR1 3DB£875,000£875,000£0021 Sep 202315 Jan 2024116 Days
46 Chatham Avenue, Bromley, Greater London, BR2 7QD£795,000£793,500-£1,50022 Jun 202311 Jan 2024203 Days
6 The Drift, Bromley, Greater London, BR2 8HL£800,000£760,000-£40,00015 Jun 202303 Jan 2024202 Days
36 Elwill Way, Beckenham, Greater London, BR3 6RZ£1,150,000£1,147,000-£3,00008 Jul 202303 Jan 2024179 Days
25 Holmcroft Way, Bromley, Greater London, BR2 8AD£550,000£538,000-£12,00028 Jun 202320 Dec 2023175 Days
130 Kingsway, West Wickham, Greater London, BR4 9JQ£595,000£560,000-£35,00027 Jul 202320 Dec 2023146 Days
Flat C, 7, Cambridge Road, Bromley, Greater London, BR1 4EB£379,950£240,000-£139,95007 Jul 201119 Dec 20234548 Days
139 Ridgeway Drive, Bromley, Greater London, BR1 5DB£700,000£675,000-£25,00020 Jul 202319 Dec 2023152 Days
66 Sandford Road, Bromley, Greater London, BR2 9AN£950,000£945,000-£5,00011 Oct 202318 Dec 202368 Days
7 Rosemount Drive, Bromley, Greater London, BR1 2LQ£950,000£940,000-£10,00010 Aug 202315 Dec 2023127 Days
4 Bromley Gardens, Bromley, Greater London, BR2 0ET£510,000£500,000-£10,00025 Jun 202315 Dec 2023173 Days
32 Cromwell Avenue, Bromley, Greater London, BR2 9AQ£800,000£795,000-£5,00017 Jul 202314 Dec 2023150 Days
1 Armstrong Close, Bromley, Greater London, BR1 2QT£610,000£610,000£0017 Jul 202313 Dec 2023149 Days
151 Southlands Road, Bromley, Greater London, BR2 9QZ£500,000£500,000£0004 Oct 202313 Dec 202370 Days

Most Expensive Streets in Bromley

PostcodeStreetAreaAverageNo. of Sales
BR6 8NGHolwood Park AvenueOrpington£6,341,0005
BR6 8NTPine GladeOrpington£4,675,0004
BR2 6EGForest RidgeKeston£4,566,6663
BR2 6EFForest DriveKeston£3,765,0005
BR1 3NQEdward RoadBromley£3,250,0001
BR1 2AEWoodlands RoadBromley£3,182,5002
BR1 2PYSimone CloseBromley£3,000,0001
BR2 6EQForest RidgeKeston£2,913,3334
BR6 8NQHolwood Park AvenueOrpington£2,825,0002
BR2 6EPBeech DellKeston£2,365,0002

Least Expensive Streets in Bromley

PostcodeStreetAreaAverageNo. of Sales
BR2 9SUHomesdale RoadBromley£86,5003
BR2 0BERiver Park GardensBromley£87,5001
BR1 3HGPalace GroveBromley£93,8128
BR4 9QPDeer Park WayWest Wickham£102,53116
BR2 9TYHomesdale RoadBromley£102,7502
BR1 3AEWidmore RoadBromley£103,60010
BR1 3LJKendall LodgeWillow Tree Walk£107,1254
BR4 9JBConey Hall ParadeWest Wickham£150,0001
BR4 9HPGlebe WayWest Wickham£153,6357
BR2 9FNHomesdale RoadBromley£166,2005

Explore Bromley and Neighbouring Area House Prices

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