Palace Road, Bromley, BR1

Street Guide For Palace Road, Bromley, BR1

 
 

Palace Road, Bromley, BR1 Map

Estimated Price: £345,059
Average Asking Price: £602,737
Price change in last one year: £32,009
Average Price Paid: £241,417
Average Rent Rates: £1,357

Northwood (Bromley) Limited
40 East Street, Bromley, BR1 1QU

Free House valuation

 

Property Prices Breakdown in Palace Road, Bromley, BR1

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.

 
 
 
 

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 1 bedroom is around £141,667, £315,179 for a 2 bedroom house, £433,135 for a 3 bedroom house, £741,697 for a 4 bedroom house and £1,255,109 for a 5 bedroom house. For a flat similarly the prices varies from £217,916 for a single bedroom to £316,261 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £342,487 and £499,950 for a 4 bedroom flat. To sum up the asking prices for properties in Palace Road, Bromley, BR1 it comes to around average £209,444 for 1 bedroom property, £315,963 for 2 bedroom, £423,201 for 3 bedroom, £736,660 for 4 bedroom and £1,255,109 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 £626 for 1 bedroom to £1,223 for 2 bedrooms, £1,483 for 3 bedrooms, £1,963 for 4 bedrooms and £2,576 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £919. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,282, £1,741 for 3 bedroom and £2,275 for 4 bedroom. You should be generally be expecting around average £807 rent per month for single bedroom property, £1,277 for 2 bedroom, £1,593 for 3 bedroom, £2,041 for 4 bedroom and approximately £2,576 for a 5 bedroom property in Palace Road, Bromley, BR1 area.

Popular Houses in Palace Road, Bromley, BR1

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.

Transportation in Palace Road, Bromley, BR1

Areas in and around Palace Road, Bromley, BR1