Feb 07, 2023 by HM

House prices in Bromley (BR1 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Bromley (BR1 5).

Price per square metre

Knowing the average house price in Bromley 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. 114, Oldstead Road, Bromley, sold for £525,000 on Sep-2023. Given the internal area of 85 square metres, the price per sqm is £6,176.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres 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. £6,700-£7,000, £7,000-£7,300, £7,300-£7,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 259 sales in Bromley (BR1 5) that took place in the last two years.

Distribution of £ per sqm for Bromley (BR1 5)
Distribution of £ per sqm house prices in Bromley

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.

That said, the spread of prices will give you a feel of the typical range to expect in Bromley (BR1 5). Of the 259 transactions, half were sold for between £4,800 and £5,890 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,890m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'BR1 5' is £5,380. The table below shows how 'BR1 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BR1 1 Bromley £4,120m2 £5,680m2 £6,280m2
BR1 4 Bromley £4,700m2 £5,270m2 £5,870m2
BR1 2 Bickley £5,060m2 £5,810m2 £6,520m2
BR1 5 Bromley £4,800m2 £5,380m2 £5,890m2
BR1 3 Sundridge £4,700m2 £5,470m2 £6,210m2

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 scatter plot below for BR1 5 (Bromley). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for BR1 5 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Bromley (BR1 5) over time
House price trends for Bromley

Hover on any blue dot to see details of specific sales

Disclaimer: 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. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Bromley data or any other data I am given.

Price map for Bromley

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

Property price heatmap for Bromley
House price heatmap for Bromley

Street level data

Street Avg size Avg £/m2 Recent sales
Whitefoot Lane, Bromley, BR1 5S 80m2 £5,111 28
Moorside Road, Bromley, BR1 5E 79m2 £4,731 24
Ridgeway Drive, Bromley, BR1 5D 109m2 £5,232 20
Downham Way, Bromley, BR1 5H 70m2 £4,931 19
Churchdown, Bromley, BR1 5P 77m2 £4,393 17
Downham Way, Bromley, BR1 5N 76m2 £4,811 16
Northover, Bromley, BR1 5J 76m2 £5,048 16
Roundtable Road, Bromley, BR1 5L 74m2 £4,889 16

Search for your street here.

Raw data

Our analysis of Bromley 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 m2 £/m2
114, Oldstead Rd, Bromley £525,000
85 6,176
27, Shaw Rd, Bromley £380,000
76 5,000
229, Shroffold Rd, Bromley £360,000
69 5,217

See the entire list of all sales in Bromley (BR1 5) here.


HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.