According to the public record, 31, Scotts Lane, Bromley is a modern freehold house with 1,410 ft2 of internal area and sits on a 542 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Scotts Lane, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
31, Scotts Lane, Bromley has a single entry in the Land Registry database from March 2022 and a single entry in the EPC database dated February 2014.
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 31 Scotts Lane Bromley as £802,411 and the rental value as £2,699 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 31 Scotts Lane Bromley has decreased by £10,300 (1.3%) and its rental value has increased by £54 per month (2.0%).
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, Scotts Lane, Bromley is in very good condition we estimate a sale value of £842,532 and rental value of £2,834 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £746,243 and a rental value of £2,510 per month.
If you were able to purchase this property for the estimated value of £802,411, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,944 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, 31, Scotts Lane, Bromley sits on a plot of 542m2.
We have plot size data on 15 out of 27 other houses in the postcode and 31, Scotts Lane, Bromley sits on the 9th largest plot.
According to HM Land Registry, 31, Scotts Lane, Bromley was last sold on 02 Mar 2022 for £765,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has dropped 4.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Scotts Lane, Bromley within a radius of 530 metres over the last 2 years.
The most recent example is 17, Springpark Drive, Beckenham, BR3 6QD, a Freehold house which sold for £810,000 in Sep 2023.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Scotts Lane, Bromley, BR2 has a total of 120 addresses. According to our analysis of all the public data, 31, Scotts Lane, Bromley is the 71st largest and the 68th most expensive property on the street.
When compared to the postcode district it is £219k more expensive than the average property in BR2.
31, Scotts Lane, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Feb 2014.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 31, Scotts Lane, Bromley is Shortlands station which is 700 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 31, Scotts Lane, Bromley, 40.0% of property is privately owned outright and 35.2% 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, Scotts Lane, Bromley, 14.5% of residents are recorded as possessing school level qualifications and 55.8% 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, Scotts Lane, Bromley, the average age was 42 and the most common age was 37.
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, Scotts Lane, Bromley, 2.7% 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, Scotts Lane, Bromley, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.