House prices in BR1 5 (Grove Park)

This article reveals price per square foot data and various charts to help you understand current housing market in 'BR1 5' (Grove Park, Bromley) - statistics were last calculated on 30 August 2024.

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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 to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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

Price per square foot

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

£ per sqft = price ÷ internal area

E.g. 230, Burnt Ash Lane, Grove Park, Bromley, sold for £650,000 on Jul-2024. Given the internal area of 1,410 square feet, the price per sqft is £460.

England & Wales have been officially metric for many decades. Convert this site to square meters.

The chart below is called a histogram, it helps you see the distribution of this house price per sqft data. To make this chart we put the sales data into a series of £ per sqft 'buckets' (e.g. £529-£557, £557-£585, £585-£613 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 187 sales in Grove Park (BR1 5) that took place in the last two years.

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 Grove Park (BR1 5). Of the 187 transactions, half were sold for between £453 and £560 per square foot. The median, or 'middle', price per square foot in 'BR1 5' is £514. Notably, only 25% of properties that sold recently were valued at more than £560 sqft. 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 1 Bromley North	£418 sqft	£506 sqft	£580 sqft
BR1 2 Bickley	£484 sqft	£538 sqft	£628 sqft
BR1 3 Bromley North	£442 sqft	£511 sqft	£580 sqft
BR1 4 Ravensbourne	£440 sqft	£486 sqft	£545 sqft
BR1 5 Grove Park	£453 sqft	£514 sqft	£560 sqft

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.

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.

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 £sqft	Recent sales
Whitefoot Lane, Grove Park, BR1 5S	861 sqft	£493	23
Moorside Road, Grove Park, BR1 5E	850 sqft	£458	23
Ridgeway Drive, Grove Park, BR1 5D	0 sqft	£472	22
Reigate Road, Grove Park, BR1 5J	785 sqft	£484	15
Northover, Grove Park, BR1 5J	828 sqft	£469	15
Powster Road, Grove Park, BR1 5H	861 sqft	£596	14
Downham Way, Grove Park, BR1 5H	753 sqft	£463	14
Downham Way, Grove Park, BR1 5N	818 sqft	£449	14

Search for your street here.

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.

Address	Paid	sqft	£/sqft
230, Burnt Ash Lane, Grove Park, Bromley	£650,000 Jul-2024	1,410	460
3, Bedivere Rd, Grove Park, Bromley	£302,500 Jul-2024	828	364
41, Ridgeway Drive, Grove Park, Bromley	£600,000 Jun-2024	1,313	456

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