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House Prices in BR1 House Prices in BR1 (Bromley)

The average house price in BR1 (Bromley) is £666,513 using HM Land Registry data.

The average property price increased by £55,144 (14.52%) over the last 5 years and increased by £11,049 (2.37%) over the last 12 months.

Over the last year, there were 506 residential property sales – a decrease of 52 transactions (-10.28%) relative to the previous year. The majority of house sales (149) were in the £280,000 - £406,000 range. Then came properties in the £406,000 - £532,000 range, where 119 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 125 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,097 (-2%).

In Dec 24, there were 71 new estate agency instructions, 37 agreed home sales and 35 property price reductions.

Nearby Postcodes: BR2, BR3, BR4, BR5, BR6, BR7, BR8, CR0, CR6, CR9, DA14, DA15, DA16, SE12, SE13, SE18, SE20, SE23, SE25, SE26, SE3, SE4, SE6, SE9, TN16

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.

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 BR1 (Bromley) - Dec 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 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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
14 Queens Road, Bromley, Greater London, BR1 3EA£875,000£867,500-£7,50014 Jun 202421 Nov 2024160 Days
63 Avondale Road, Bromley, Greater London, BR1 4HS£699,999£675,000-£24,99920 May 202420 Nov 2024184 Days
65 Forde Avenue, Bromley, Greater London, BR1 3EU£825,000£825,000£0009 May 202415 Nov 2024190 Days
355 Downham Way, Bromley, Greater London, BR1 5EW£400,000£385,000-£15,00019 Jun 202415 Nov 2024149 Days
40 Ashgrove Road, Bromley, Greater London, BR1 4JW£825,000£810,000-£15,00011 Jun 202411 Nov 2024153 Days
26 Avondale Road, Bromley, Greater London, BR1 4EP£795,000£780,000-£15,00006 Aug 202408 Nov 202494 Days
122 Oakridge Road, Bromley, Greater London, BR1 5QG£400,000£395,000-£5,00014 Sep 202408 Nov 202455 Days
20 Arcus Road, Bromley, Greater London, BR1 4NW£425,000£425,000£0001 Jul 202408 Nov 2024130 Days
22 Forde Avenue, Bromley, Greater London, BR1 3EX£750,000£740,000-£10,00029 Jul 202407 Nov 2024101 Days
20 Quernmore Road, Bromley, Greater London, BR1 4EH£1,350,000£1,350,000£0028 Mar 202406 Nov 2024223 Days
7 Plaxtol Close, Bromley, Greater London, BR1 3AU£895,000£856,000-£39,00007 Jun 202401 Nov 2024147 Days
39b, Morgan Road, Bromley, Greater London, BR1 3QE£325,000£282,000-£43,00007 Aug 202401 Nov 202486 Days
53 Sundridge Avenue, Bromley, Greater London, BR1 2QA£1,350,000£1,286,000-£64,00017 Apr 202401 Nov 2024198 Days
44 Bideford Road, Bromley, Greater London, BR1 5HD£425,000£400,000-£25,00016 May 202431 Oct 2024168 Days
12 St Timothys Mews, Bromley, Greater London, BR1 3TJ£450,000£450,000£0003 Aug 202428 Oct 202486 Days
37 Bedivere Road, Bromley, Greater London, BR1 5LJ£350,000£350,000£0009 Jul 202425 Oct 2024108 Days
3 Morgan Road, Bromley, Greater London, BR1 3QE£650,000£650,000£0002 May 202427 Aug 2024117 Days
11 Copley Dene, Bromley, Greater London, BR1 2PW£1,000,000£975,000-£25,00020 Mar 202416 Aug 2024149 Days
8 Westleigh Drive, Bromley, Greater London, BR1 2PN£1,300,000£1,232,000-£68,00030 Sep 202315 Aug 2024320 Days
49 London Lane, Bromley, Greater London, BR1 4HB£1,000,000£987,000-£13,00024 Aug 202313 Aug 2024355 Days

Most Expensive Streets in BR1 (Bromley)

PostcodeStreetAreaAverageNo. of Sales
BR1 2QDSundridge AvenueBromley£2,340,0003
BR1 2BDWoodlands CloseBromley£2,133,3333
BR1 3LUGarden RoadBromley£2,091,6663
BR1 3LXGarden RoadBromley£1,793,3333
BR1 3ARPlaistow LaneBromley£1,693,3333
BR1 2ADWoodlands RoadBromley£1,667,9166
BR1 2PQHill BrowBromley£1,627,8577
BR1 2LEOldfield RoadBromley£1,566,6663
BR1 2WFBerryfield CloseBromley£1,496,6663
BR1 2PGHill BrowBromley£1,467,5004

Least Expensive Streets in BR1 (Bromley)

PostcodeStreetAreaAverageNo. of Sales
BR1 3HGPalace GroveBromley£94,55010
BR1 3AEWidmore RoadBromley£99,63611
BR1 3LJKendall Lodge, Willow Tree WalkBromley£106,5003
BR1 1TTThe MallBromley£172,0628
BR1 1BQNewman Court, North Street, BromleyBromley£195,16612
BR1 5JNReigate RoadBromley£220,8333
BR1 1AAHenry House, Ringers RoadBromley£221,3754
BR1 4PABroadway House, Bromley RoadBromley£227,6663
BR1 3LQHigh Tor CloseBromley£230,1663
BR1 4HXLondon LaneBromley£232,20010

Explore BR1 (Bromley) using map

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