According to the public record, 31, Mead Way, Bromley is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,078 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Mead Way, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
31, Mead Way, Bromley has 2 entries in the Land Registry database, most recently in April 2011 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 31 Mead Way Bromley as £633,102 and the rental value as £2,469 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 31 Mead Way Bromley has increased by £6,312 (1.0%) and its rental value has increased by £135 per month (5.5%).
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 31, Mead Way, Bromley is in very good condition we estimate a sale value of £664,757 and rental value of £2,592 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £588,785 and a rental value of £2,296 per month.
If you were able to purchase this property for the estimated value of £633,102, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,112 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, 31, Mead Way, Bromley was last sold on 12 Apr 2011 for £332,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2011, the market for similar properties has risen 85.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Mead Way, Bromley within a radius of 680 metres over the last 2 years.
The most recent example is 52, Mead Way, Bromley, BR2 9EW, a Freehold house which sold for £590,000 in Dec 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, 31, Mead Way, Bromley is the 135th largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in BR2.
The closest station to 31, Mead Way, Bromley is Bromley South 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 31, Mead Way, Bromley, 46.6% of property is privately owned outright and 45.8% is privately owned with a mortgage.
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 31, Mead Way, Bromley, 20.2% of residents are recorded as possessing school level qualifications and 38.5% 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 31, 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 31, Mead Way, Bromley, 0.8% 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 31, Mead Way, Bromley, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.