# House prices in BR1 5 (Grove Park)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BR1 5' (Grove Park, Bromley) - statistics were last calculated on 31 July 2024.

## Defining 'BR1 5'

This analysis is limited to properties whose postcode starts with "BR1 5", 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 Grove Park.

You can click on the map labels to change to a neighbouring 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 Grove Park 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. 56, Geraint Road, Grove Park, Bromley, sold for £420,000 on Jun-2024. Given the internal area of 97 square metres, the price per sqm is £4,329.

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. £5,700-£6,000, £6,000-£6,300, £6,300-£6,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 227 sales in Grove Park (BR1 5) that took place in the last two years.

##### Distribution of £ per sqm for Grove Park, Bromley
Distribution of £ per sqm house prices in Grove Park

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 Grove Park (BR1 5). Of the 227 transactions, half were sold for between £4,860 and £6,010 per square metre. The median, or 'middle', price per square metre in 'BR1 5' is £5,520. Notably, only 25% of properties that sold recently were valued at more than £6,010 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 Grove Park, 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.

House price heatmap for Grove Park, Bromley

## Comparison with neighbouring postcode sectors

The table below shows how 'BR1 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BR1 4 Ravensbourne £4,680 sqm £5,260 sqm £5,870 sqm
BR1 1 Bromley North £4,340 sqm £5,450 sqm £6,290 sqm
BR1 2 Bickley £5,180 sqm £5,850 sqm £6,750 sqm
BR1 3 Bromley North £4,760 sqm £5,530 sqm £6,300 sqm
BR1 5 Grove Park £4,860 sqm £5,520 sqm £6,010 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 5 (Grove Park) 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 Grove Park,Bromley
House price trends for Grove Park

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 5 sales
Recent trends for Grove Park

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
Whitefoot Lane, Grove Park, BR1 5S 80 sqm £5,264 29
Moorside Road, Grove Park, BR1 5E 80 sqm £4,787 28
Ridgeway Drive, Grove Park, BR1 5D 110 sqm £5,097 23
Downham Way, Grove Park, BR1 5H 70 sqm £4,908 20
Churchdown, Grove Park, BR1 5P 76 sqm £4,573 20
Northover, Grove Park, BR1 5J 77 sqm £5,050 18
Downham Way, Grove Park, BR1 5N 77 sqm £4,815 17
Reigate Road, Grove Park, BR1 5J 73 sqm £5,214 17

## Raw data

Our analysis of Grove Park 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.