According to the public record, 104, Palace Road, Bromley is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 715 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Palace Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
104, Palace Road, Bromley has 31 entries in the Land Registry database, most recently in June 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 104 Palace Road Bromley as £466,657 and the rental value as £2,149 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 104 Palace Road Bromley has increased by £11,023 (2.4%) and its rental value has increased by £114 per month (5.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 104, Palace Road, Bromley is in very good condition we estimate a sale value of £489,990 and rental value of £2,256 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £433,991 and a rental value of £1,998 per month.
If you were able to purchase this property for the estimated value of £466,657, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,293 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 104, Palace Road, Bromley was last sold on 06 Jun 2007 for £228,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2007, the market for similar properties has risen 85.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 104, Palace Road, Bromley within a radius of 400 metres over the last 2 years.
The most recent example is 14, Palace Road, Bromley, BR1 3JT, a Freehold house which sold for £390,000 in Sep 2023.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palace Road, Bromley, BR1 has a total of 115 addresses. According to our analysis of all the public data, 104, Palace Road, Bromley is the 68th largest and the 49th most expensive property on the street.
When compared to the postcode district it is £60k less expensive than the average property in BR1.
The closest station to 104, Palace Road, Bromley is Bromley North station which is 200 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 104, Palace Road, Bromley, 36.7% of property is privately owned with a mortgage and 27.3% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 104, Palace Road, Bromley, 14.4% of residents are recorded as possessing school level qualifications and 49.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 104, Palace Road, Bromley, the average age was 38.2 and the most common age was 32.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 104, Palace Road, Bromley, 0.3% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 104, Palace Road, Bromley, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.