According to the public record, 2, Bishops Green, Bromley is a mid-century leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Bishops Green, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
2, Bishops Green, Bromley has a single entry in the Land Registry database from September 2013 and a single entry in the EPC database dated May 2024.
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 2 Bishops Green Bromley as £313,689 and the rental value as £1,559 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 2 Bishops Green Bromley has increased by £5,421 (1.7%) and its rental value has increased by £73 per month (4.7%).
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 2, Bishops Green, Bromley is in very good condition we estimate a sale value of £329,373 and rental value of £1,637 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £291,731 and a rental value of £1,450 per month.
If you were able to purchase this property for the estimated value of £313,689, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,542 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, 2, Bishops Green, Bromley was last sold on 23 Sep 2013 for £205,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2013, the market for similar properties has risen 53.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Bishops Green, Bromley within a radius of 470 metres over the last 2 years.
The most recent example is 9, Bishops Green, Bromley, BR1 3HS, a Leasehold flat which sold for £305,000 in Jun 2023.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bishops Green, Bromley, BR1 has a total of 30 addresses. According to our analysis of all the public data, 2, Bishops Green, Bromley is the 8th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £213k less expensive than the average property in BR1.
2, Bishops Green, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 May 2024.
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 2, Bishops Green, Bromley is Sundridge Park station which is 600 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 2, Bishops Green, Bromley, 31.9% of property is privately rented and 30.4% 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 2, Bishops Green, Bromley, 18.7% of residents are recorded as possessing school level qualifications and 53.3% 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 2, Bishops Green, 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 2, Bishops Green, Bromley, 1.3% 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 2, Bishops Green, Bromley, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.