According to the public record, 16, Palace Road, Bromley is a period freehold house with 893 ft2 of internal area and sits on a 133 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Palace Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
16, Palace Road, Bromley has 2 entries in the Land Registry database, most recently in December 2018 and a single entry in the EPC database dated October 2018.
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 16 Palace Road Bromley as £515,020 and the rental value as £2,322 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 16 Palace Road Bromley has increased by £12,165 (2.4%) and its rental value has increased by £123 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 16, Palace Road, Bromley is in very good condition we estimate a sale value of £540,771 and rental value of £2,438 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £478,968 and a rental value of £2,159 per month.
If you were able to purchase this property for the estimated value of £515,020, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,531 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, 16, Palace Road, Bromley sits on a plot of 133m2.
We have plot size data on 25 out of 33 other houses in the postcode and 16, Palace Road, Bromley sits on the 12th largest plot.
According to HM Land Registry, 16, Palace Road, Bromley was last sold on 19 Dec 2018 for £520,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2018, the market for similar properties has risen 17.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Palace Road, Bromley within a radius of 400 metres over the last 2 years.
The most recent example is 95, Palace Road, Bromley, BR1 3JX, a Freehold house which sold for £475,000 in Oct 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, 16, Palace Road, Bromley is the 25th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £12k less expensive than the average property in BR1.
16, Palace Road, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Oct 2018.
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 16, 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 16, 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 16, 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 16, 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 16, 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 16, 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.