Farnaby Road, Bromley, BR2

Street Guide For Farnaby Road, Bromley, BR2

 

Farnaby Road, Bromley, BR2 Map

Estimated Price: £458,988
Average Asking Price: £876,319
Price change in last one year: £40,542
Average Price Paid: £440,500
Average Rent Rates: £1,640

 

Property Prices Breakdown in Farnaby Road, Bromley, BR2

Average Price for property in Farnaby Road, Bromley, BR2 is around £458,988 which varies based on type of property you are interested in and ranges from £572,332 for detached house to around £529,712 for semi-detached. Similarly terraced house is around £306,942 and a flat is worth £276,841. Values have been changing and have risen £1,972 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,362 in last 6 months, £40,542 in last 1 year, £78,470 in last 2 years, £85,711 in last 3 years, £84,331 in last 4 years and £95,157 in last 5 years.

Currently average asking price of a property in Farnaby Road, Bromley, BR2 is around £876,319 based on approximately 2 properties for sale. Same is the case with rental options based on 94 properties up for rent, average asking rent is around £1,640 per month.

Estimated property value in Farnaby Road, Bromley, BR2 is £458,988. Average asking price is £876,319 while average price paid is £610,000 which is up by £40,542 and Avg. asking rent £1,640.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 Farnaby Road, Bromley, BR2 area. In last 1 year alone average price buyer paid is around £610,000 based on approximately 2 sales in Farnaby Road, Bromley, BR2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £553,000. 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 £440,500 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £389,125 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £388,053, £483,004 for a 3 bedroom house, £834,759 for a 4 bedroom house and £2,236,589 for a 5 bedroom house. For a flat similarly the prices varies from £222,772 for a single bedroom to £319,077 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £455,250 and £240,000 for a 4 bedroom flat. To sum up the asking prices for properties in Farnaby Road, Bromley, BR2 it comes to around average £222,772 for 1 bedroom property, £339,900 for 2 bedroom, £478,070 for 3 bedroom, £824,505 for 4 bedroom and £2,236,589 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £949 for 1 bedroom to £1,440 for 2 bedrooms, £1,722 for 3 bedrooms, £2,361 for 4 bedrooms and £2,434 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £923. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,261 and £1,489 for 3 bedroom. You should be generally be expecting around average £925 rent per month for single bedroom property, £1,309 for 2 bedroom, £1,701 for 3 bedroom, £2,361 for 4 bedroom and approximately £2,434 for a 5 bedroom property in Farnaby Road, Bromley, BR2 area.

Popular Houses in Farnaby Road, Bromley, BR2

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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