According to the public record, 22, Palace Road, Bromley is a period freehold house with 635 ft2 of internal area and sits on a 108 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Palace Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
22, Palace Road, Bromley has 61 entries in the Land Registry database, most recently in January 2023 and a single entry in the EPC database dated March 2015.
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 22 Palace Road Bromley as £422,292 and the rental value as £1,979 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 22 Palace Road Bromley has increased by £13,717 (3.2%) and its rental value has increased by £123 per month (6.2%).
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 22, Palace Road, Bromley is in very good condition we estimate a sale value of £443,406 and rental value of £2,078 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £392,731 and a rental value of £1,840 per month.
If you were able to purchase this property for the estimated value of £422,292, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,075 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, 22, Palace Road, Bromley sits on a plot of 108m2.
We have plot size data on 25 out of 33 other houses in the postcode and 22, Palace Road, Bromley sits on the 24th largest plot.
According to HM Land Registry, 22, Palace Road, Bromley was last sold on 06 Jan 2023 for £435,000 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since Jan 2023, the market for similar properties has risen 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 22, Palace Road, Bromley within a radius of 400 metres over the last 2 years.
The most recent example is 19, Wharton Road, Bromley, BR1 3LE, a Freehold house which sold for £430,000 in Oct 2022.
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, 22, Palace Road, Bromley is the 92nd largest and the 80th most expensive property on the street.
When compared to the postcode district it is £104k less expensive than the average property in BR1.
22, Palace Road, Bromley has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Mar 2015.
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 22, 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 22, 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 22, 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 22, 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 22, 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 22, 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.