Average Price for property in Palace Road, Bromley, BR1 is around £345,059 which varies based on type of property you are interested in and ranges from £532,020 for detached house to around £392,476 for semi-detached. Similarly terraced house is around £346,164 and a flat is worth £245,175. Values have been changing and have risen £2,834 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,403 in last 6 months, £32,009 in last 1 year, £63,019 in last 2 years, £67,920 in last 3 years, £65,416 in last 4 years and £72,793 in last 5 years.
Currently average asking price of a property in Palace Road, Bromley, BR1 is around £602,737 based on approximately 2 properties for sale. Same is the case with rental options based on 108 properties up for rent, average asking rent is around £1,357 per month.
Estimated property value in Palace Road, Bromley, BR1 is £345,059. Average asking price is £602,737 while average price paid is £328,500 which is up by £32,009 and Avg. asking rent £1,357.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 Palace Road, Bromley, BR1 area. In last 1 year alone average price buyer paid is around £328,500 based on approximately 2 sales in Palace Road, Bromley, BR1 area alone. If you compare it to last 3 years sales of 14 properties where buyers paid around £247,281. 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 £241,417 for 25 and average amount paid for purchase of approx. 38 properties sold in last 7 years comes to about £231,510 per sale.