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Bromley House Prices

The average house price in Bromley is £656,467 using HM Land Registry data.

The average property price increased by £154,916 (29.46%) over the last 5 years and increased by £30,970 (4.77%) over the last 12 months.

Over the last year, there were 944 residential property sales – a decrease of 426 transactions (-45.13%) relative to the previous year. The majority of house sales (240) were in the £438,000 - £596,000 range. Then came properties in the £280,000 - £438,000 range, where 234 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-22,159 (-2%).

In Oct 24, there were 217 new estate agency instructions, 207 agreed home sales and 175 property price reductions.

5-Year Average Property Prices in Bromley

29.46%

Property prices in Bromley increased by 29.46% 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

4.77%

Property prices in Bromley increased by 4.77% 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 Bromley - Oct 24

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 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

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
12 Ribston Close, Bromley, Greater London, BR2 8LS	£530,000	£525,000	-£5,000	20 Nov 2023	16 May 2024	178 Days
44 Leamington Avenue, Bromley, Greater London, BR1 5BL	£750,000	£735,000	-£15,000	17 Oct 2023	03 May 2024	199 Days
Flat 1, Newman Court, North Street, Bromley, Greater London, BR1 1BQ	£300,000	£250,000	-£50,000	13 Oct 2023	03 May 2024	203 Days
13 Great Elms Road, Bromley, Greater London, BR2 9NE	£650,000	£640,000	-£10,000	11 Oct 2023	01 May 2024	203 Days
1 Queens Mead Road, Bromley, Greater London, BR2 0ER	£575,000	£560,000	-£15,000	18 Jul 2023	30 Apr 2024	287 Days
16 Reynard Close, Bromley, Greater London, BR1 2AB	£675,000	£670,000	-£5,000	08 Apr 2024	26 Apr 2024	18 Days
5 Sunningdale Road, Bromley, Greater London, BR1 2EU	£790,000	£770,000	-£20,000	28 Dec 2023	26 Apr 2024	120 Days
68 Ravensbourne Avenue, Bromley, Greater London, BR2 0BP	£1,000,000	£950,000	-£50,000	19 Jun 2023	26 Apr 2024	312 Days
37 Southlands Road, Bromley, Greater London, BR2 9QR	£510,000	£500,000	-£10,000	19 Oct 2023	26 Apr 2024	190 Days
113 Hayes Lane, Beckenham, Greater London, BR3 6SP	£320,000	£305,000	-£15,000	20 Jan 2024	26 Apr 2024	97 Days
38 Rochester Avenue, Bromley, Greater London, BR1 3DW	£775,000	£750,000	-£25,000	19 Jan 2024	18 Apr 2024	90 Days
9 Sandiland Crescent, Bromley, Greater London, BR2 7DP	£1,125,000	£1,100,000	-£25,000	18 Sep 2023	09 Apr 2024	204 Days
79 Cumberland Road, Bromley, Greater London, BR2 0PL	£1,250,000	£1,125,000	-£125,000	14 Oct 2023	08 Apr 2024	177 Days
35 Queensway, West Wickham, Greater London, BR4 9EP	£595,000	£585,000	-£10,000	23 Oct 2023	08 Apr 2024	168 Days
32 Palace View, Bromley, Greater London, BR1 3EL	£700,000	£685,000	-£15,000	26 Jun 2023	05 Apr 2024	284 Days
8 Grove Wood Close, Bromley, Greater London, BR1 2FX	£700,000	£700,000	£00	27 Oct 2023	28 Mar 2024	153 Days
17 Mornington Avenue, Bromley, Greater London, BR1 2RE	£425,000	£425,000	£00	29 Sep 2023	28 Mar 2024	181 Days
2 Cadogan Close, Beckenham, Greater London, BR3 5XY	£285,000	£265,000	-£20,000	05 Aug 2023	28 Mar 2024	236 Days
12a, Kingsway, West Wickham, Greater London, BR4 9JF	£200,000	£192,000	-£8,000	06 Jul 2023	28 Mar 2024	266 Days
48 Kingswood Road, Bromley, Greater London, BR2 0NF	£850,000	£825,000	-£25,000	11 Sep 2023	27 Mar 2024	198 Days

Most Expensive Streets in Bromley

Postcode	Street	Area	Average	No. of Sales
BR6 8NG	Holwood Park Avenue	Orpington	£6,341,000	5
BR6 8NT	Pine Glade	Orpington	£4,675,000	4
BR2 6EG	Forest Ridge	Keston	£4,566,666	3
BR2 6EF	Forest Drive	Keston	£4,487,500	4
BR2 6EQ	Forest Ridge	Keston	£2,913,333	4
BR1 2QD	Sundridge Avenue	Bromley	£2,340,000	3
BR2 6EW	Longdon Wood	Keston	£2,251,000	5
BR6 8NJ	Ninhams Wood	Orpington	£2,044,725	4
BR1 3LU	Garden Road	Bromley	£2,000,000	4
BR7 5LB	Priory Close	Chislehurst	£1,908,333	3

Least Expensive Streets in Bromley

Postcode	Street	Area	Average	No. of Sales
BR2 9SU	Homesdale Road	Bromley	£86,500	3
BR1 3HG	Palace Grove	Bromley	£93,944	9
BR1 3AE	Widmore Road	Bromley	£101,909	11
BR4 9QP	Deer Park Way	West Wickham	£102,966	15
BR1 3LJ	Kendall Lodge	Willow Tree Walk	£108,750	4
BR4 9HP	Glebe Way	West Wickham	£150,916	6
BR2 9FN	Homesdale Road	Bromley	£153,000	4
BR1 1TT	The Mall	Bromley	£168,833	9
BR2 7LP	Hopton Court	Forge Close	£185,714	7
BR2 9YD	St Mark's Square	Bromley	£186,250	7