According to the public record, 23, Palace Road, Bromley is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 782 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.
23, Palace Road, Bromley has 41 entries in the Land Registry database, most recently in July 2008 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 23 Palace Road Bromley as £479,382 and the rental value as £2,221 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 23 Palace Road Bromley has increased by £11,323 (2.4%) and its rental value has increased by £118 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 23, Palace Road, Bromley is in very good condition we estimate a sale value of £503,351 and rental value of £2,332 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £445,825 and a rental value of £2,065 per month.
If you were able to purchase this property for the estimated value of £479,382, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,356 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, 23, Palace Road, Bromley was last sold on 30 Jul 2008 for £240,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Jul 2008, the market for similar properties has risen 99.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, 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, 23, Palace Road, Bromley is the 37th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £47k less expensive than the average property in BR1.
The closest station to 23, 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 23, 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 23, 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 23, 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 23, 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 23, 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.