House prices in BR2 9 (Bromley South)
This article reveals price per square foot data and various charts to help you understand current housing market in 'BR2 9' (Bromley South, Bromley) - statistics were last calculated on 30 August 2024.
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 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 foot
Knowing the average house price in Bromley South 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 areaE.g. 47, Bourne Road, Bromley South, Bromley, sold for £540,000 on Jun-2024. Given the internal area of 968 square feet, the price per sqft is £557.
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. £436-£464, £464-£492, £492-£520 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 291 sales in Bromley South (BR2 9) that took place in the last two years.
Distribution of £ per sqft for Bromley South, Bromley
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 Bromley South (BR2 9). Of the 291 transactions, half were sold for between £464 and £577 per square foot. The median, or 'middle', price per square foot in 'BR2 9' is £523. Notably, only 25% of properties that sold recently were valued at more than £577 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 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 | £481 sqft | £530 sqft | £600 sqft |
BR2 9 Bromley South | £464 sqft | £523 sqft | £577 sqft |
BR2 0 Shortlands | £456 sqft | £526 sqft | £599 sqft |
BR2 7 Hayes | £508 sqft | £564 sqft | £642 sqft |
BR2 6 Hayes | £490 sqft | £580 sqft | £654 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 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 foot in Bromley South,Bromley
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 BR2 9 sales
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 |
---|---|---|---|
Fair Acres, Bromley South, BR2 9B | 721 sqft | £370 | 31 |
Mackintosh Street, Bromley South, BR2 9U | 656 sqft | £494 | 26 |
Southlands Road, Bromley South, BR2 9Q | 947 sqft | £517 | 25 |
Mead Way, Bromley South, BR2 9E | 0 sqft | £496 | 25 |
Hayes Lane, Bromley South, BR2 9E | 0 sqft | £553 | 20 |
Balfour Road, Bromley South, BR2 9S | 893 sqft | £519 | 19 |
Jefferson Place, Bromley South, BR2 9F | 635 sqft | £472 | 19 |
Victoria Road, Bromley South, BR2 9P | 904 sqft | £550 | 18 |
Search for your street here.
New build activity
Street | Avg size | Avg £sqft | New build sales |
---|---|---|---|
St Mark'S Square, Bromley South, BR2 9Y | 699 sqft | £491 | 10 |
St Mark'S Square, Bromley South, BR2 9Y has seen 10 new build sales in the last 4 years (average price £377,404). These new build homes typically have an internal area of 699 sqft, with an average price of £491 sqft. This £sqm average is £-31 below the average for BR2 9. New builds typically command a £ per sqft premium. In the case of St Mark'S Square the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.
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.
Address | Paid | sqft | £/sqft |
---|---|---|---|
47, Bourne Rd, Bromley South, Bromley | £540,000
Jun-2024
|
968 | 557 |
15, Great Elms Rd, Bromley South, Bromley | £650,000
Jun-2024
|
1,194 | 543 |
35a, Crown Lane, Bromley South, Bromley | £373,000
Jun-2024
|
731 | 509 |
See the entire list of all sales in Bromley South (BR2 9) 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.