# House prices in BR2 9 (Bromley South)

This article reveals price per square metre data and various charts to help you understand current housing market in Bromley South, Bromley (BR2 9).

## Defining 'BR2 9'

This analysis is limited to properties whose postcode starts with "BR2 9", 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 Bromley South.

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 Bromley South 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. 69, Addison Road, Bromley South, Bromley, sold for £515,000 on Feb-2024. Given the internal area of 93 square metres, the price per sqm is £5,537.

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. £5,150-£5,500, £5,500-£5,850, £5,850-£6,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 307 sales in Bromley South (BR2 9) that took place in the last two years.

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

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 Bromley South (BR2 9). Of the 307 transactions, half were sold for between £4,970 and £6,290 per square metre. The median, or 'middle', price per square metre in 'BR2 9' is £5,650. Notably, only 25% of properties that sold recently were valued at more than £6,290 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 Bromley South, 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 Bromley South, Bromley

## Comparison with neighbouring postcode sectors

The table below shows how 'BR2 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BR2 8 Bickley £5,170 sqm £5,760 sqm £6,460 sqm
BR2 7 Hayes £5,580 sqm £6,210 sqm £7,020 sqm
BR2 9 Bromley South £4,970 sqm £5,650 sqm £6,290 sqm
BR2 0 Shortlands £4,910 sqm £5,670 sqm £6,430 sqm
BR2 6 Hayes £5,280 sqm £6,250 sqm £7,160 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 BR2 9 (Bromley South) compared with both the wider area BR2 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 Bromley South,Bromley
House price trends for Bromley South

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 BR2 9 sales
Recent trends for Bromley South

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
Fair Acres, Bromley South, BR2 9B 67 sqm £3,975 34
Cowper Road, Bromley South, BR2 9R 82 sqm £4,237 26
Mackintosh Street, Bromley South, BR2 9U 61 sqm £5,244 25
Southlands Road, Bromley South, BR2 9Q 88 sqm £5,575 24
Mead Way, Bromley South, BR2 9E 111 sqm £5,329 23
Hayes Lane, Bromley South, BR2 9E 142 sqm £5,819 23
Jefferson Place, Bromley South, BR2 9F 59 sqm £5,100 22
Victoria Road, Bromley South, BR2 9P 84 sqm £5,822 21

## New build activity

Street Avg size Avg £sqm New build sales
St Mark'S Square, Bromley South, BR2 9Y 64 sqm £5,730 24
St Mark'S Square, Bromley South, BR2 9U 70 sqm £5,941 10

St Mark'S Square, Bromley South, BR2 9Y has seen 24 new build sales in the last 4 years (average price £382,727). These new build homes typically have an internal area of 64 sqm, with an average price of £5,730 sqm. This £sqm average is £80 above the average for BR2 9. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Bromley South 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.