According to the public record, 121, Mead Way, Bromley is a mid-century freehold house with 1,033 ft2 of internal area and sits on a 199 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mead Way, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
121, Mead Way, Bromley has a single entry in the Land Registry database from February 2021 and a single entry in the EPC database dated August 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 121 Mead Way Bromley as £511,646 and the rental value as £2,313 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 121 Mead Way Bromley has increased by £7,835 (1.5%) and its rental value has increased by £137 per month (5.9%).
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 121, Mead Way, Bromley is in very good condition we estimate a sale value of £537,228 and rental value of £2,429 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £475,831 and a rental value of £2,151 per month.
If you were able to purchase this property for the estimated value of £511,646, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,515 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 data from HM Land Registry, 121, Mead Way, Bromley sits on a plot of 199m2.
We have plot size data on 27 out of 39 other houses in the postcode and 121, Mead Way, Bromley sits on the 11th largest plot.
According to HM Land Registry, 121, Mead Way, Bromley was last sold on 09 Feb 2021 for £490,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2021, the market for similar properties has risen 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 121, Mead Way, Bromley within a radius of 590 metres over the last 2 years.
The most recent example is 5, Bidborough Close, Bromley, BR2 9DW, a Freehold house which sold for £512,000 in Apr 2023.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mead Way, Bromley, BR2 has a total of 205 addresses. According to our analysis of all the public data, 121, Mead Way, Bromley is the 174th largest and the 193rd most expensive property on the street.
When compared to the postcode district it is £72k less expensive than the average property in BR2.
121, Mead Way, Bromley has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 20 Aug 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 121, Mead Way, Bromley is Hayes (Kent) station which is 1.4 kilometres 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 121, Mead Way, Bromley, 52.1% of property is privately owned with a mortgage and 37.8% is privately owned outright.
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 121, Mead Way, Bromley, 20.7% of residents are recorded as possessing school level qualifications and 37.6% 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 121, Mead Way, Bromley, the average age was 41.1 and the most common age was 52.
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 121, Mead Way, Bromley, 0.6% 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 121, Mead Way, Bromley, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.