According to the public record, 43, Nichol Lane, Bromley is a modern freehold house with 968 ft2 of internal area and sits on a 164 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Nichol Lane, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
43, Nichol Lane, Bromley has 4 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated June 2022.
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 43 Nichol Lane Bromley as £475,458 and the rental value as £2,432 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 43 Nichol Lane Bromley has increased by £11,939 (2.5%) and its rental value has increased by £132 per month (5.4%).
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 43, Nichol Lane, Bromley is in very good condition we estimate a sale value of £499,231 and rental value of £2,553 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £442,176 and a rental value of £2,262 per month.
If you were able to purchase this property for the estimated value of £475,458, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,337 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, 43, Nichol Lane, Bromley sits on a plot of 164m2.
We have plot size data on 12 out of 21 other houses in the postcode and 43, Nichol Lane, Bromley sits on the 8th largest plot.
According to HM Land Registry, 43, Nichol Lane, Bromley was last sold on 06 Oct 2023 for £508,250 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Oct 2023, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 43, Nichol Lane, Bromley within a radius of 520 metres over the last 2 years.
The most recent example is 7, Foxbury Road, Bromley, BR1 4DG, a Freehold house which sold for £491,500 in Apr 2022.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nichol Lane, Bromley, BR1 has a total of 57 addresses. According to our analysis of all the public data, 43, Nichol Lane, Bromley is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in BR1.
43, Nichol Lane, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Jun 2022.
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 43, Nichol Lane, Bromley is Sundridge Park station which is 300 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 43, Nichol Lane, Bromley, 29.2% of property is privately rented and 25.8% 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 43, Nichol Lane, Bromley, 28.6% of residents are recorded as possessing school level qualifications and 39.5% 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 43, Nichol Lane, 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 43, Nichol Lane, Bromley, 1.0% 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 43, Nichol Lane, 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.