House prices in BR1 4 (Ravensbourne)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BR1 4' (Ravensbourne, Bromley) - statistics were last calculated on 04 October 2024.


Defining 'BR1 4'

This analysis is limited to properties whose postcode starts with "BR1 4", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Ravensbourne.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Ravensbourne is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 2, Ullswater Close, Ravensbourne, Bromley, sold for £650,000 on Jul-2024. Given the internal area of 135 square metres, the price per sqm is £4,814.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 211 sales in Ravensbourne (BR1 4) that took place in the last two years.

Distribution of £ per sqm for Ravensbourne, Bromley
Distribution of £ per sqm house prices in Ravensbourne

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Ravensbourne (BR1 4). Of the 211 transactions, half were sold for between £4,740 and £5,870 per square metre. The median, or 'middle', price per square metre in 'BR1 4' is £5,240. Notably, only 25% of properties that sold recently were valued at more than £5,870 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Ravensbourne, Bromley

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Bromley. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

Property price heatmap for Ravensbourne
House price heatmap for Ravensbourne, Bromley

Comparison with neighbouring postcode sectors

The table below shows how 'BR1 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BR1 1 Bromley North £4,510 sqm £5,450 sqm £6,250 sqm
BR1 2 Bickley £5,220 sqm £5,800 sqm £6,760 sqm
BR1 3 Bromley North £4,760 sqm £5,510 sqm £6,250 sqm
BR1 4 Ravensbourne £4,740 sqm £5,240 sqm £5,870 sqm
BR1 5 Grove Park £4,880 sqm £5,540 sqm £6,030 sqm

Will Bromley house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for BR1 4 (Ravensbourne) compared with both the wider area BR1 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Ravensbourne,Bromley
House price trends for Ravensbourne

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Most recent BR1 4 sales
Recent trends for Ravensbourne

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Bromley to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Bromley and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street Avg size Avg £sqm Recent sales
Highland Road, Ravensbourne, BR1 4A 76 sqm £4,976 31
Keedonwood Road, Ravensbourne, BR1 4Q 68 sqm £5,243 24
London Lane, Ravensbourne, BR1 4H 87 sqm £4,940 24
Park End, Ravensbourne, BR1 4A 90 sqm £5,624 21
Brangbourne Road, Ravensbourne, BR1 4L 94 sqm £4,956 19
Farmfield Road, Ravensbourne, BR1 4N 70 sqm £4,919 17
Madeira Avenue, Ravensbourne, BR1 4A 103 sqm £5,332 16
Rangefield Road, Ravensbourne, BR1 4Q 71 sqm £5,391 16

Search for your street here.

Raw data

Our analysis of Ravensbourne is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address Paid sqm £/sqm
2, Ullswater Close, Ravensbourne, Bromley £650,000
Jul-2024
135 4,814
58, Warren Avenue, Ravensbourne, Bromley £835,000
Jul-2024
170 4,911
24, Sudbury Crescent, Ravensbourne, Bromley £295,000
Jul-2024
75 3,933

See the entire list of all sales in Ravensbourne (BR1 4) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.