According to the public record, 55, George Lane, Bromley is a early-century freehold house with 1,001 ft2 of internal area and sits on a 268 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
George Lane, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
55, George Lane, Bromley has a single entry in the Land Registry database from December 2017 and a single entry in the EPC database dated June 2017.
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 55 George Lane Bromley as £609,619 and the rental value as £2,321 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 55 George Lane Bromley has increased by £5,168 (0.8%) and its rental value has increased by £118 per month (5.1%).
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 55, George Lane, Bromley is in very good condition we estimate a sale value of £640,100 and rental value of £2,437 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £566,945 and a rental value of £2,159 per month.
If you were able to purchase this property for the estimated value of £609,619, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,996 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, 55, George Lane, Bromley sits on a plot of 268m2.
We have plot size data on 24 out of 42 other houses in the postcode and 55, George Lane, Bromley sits on the 18th largest plot.
According to HM Land Registry, 55, George Lane, Bromley was last sold on 12 Dec 2017 for £500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2017, the market for similar properties has risen 16.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, George Lane, Bromley within a radius of 990 metres over the last 2 years.
The most recent example is 11, George Lane, Bromley, BR2 7LG, a Freehold house which sold for £710,000 in May 2023.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
George Lane, Bromley, BR2 has a total of 89 addresses. According to our analysis of all the public data, 55, George Lane, Bromley is the 58th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £26k more expensive than the average property in BR2.
55, George Lane, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jun 2017.
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 55, George Lane, Bromley is Hayes (Kent) station which is 900 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 55, George Lane, Bromley, 40.3% of property is privately owned outright and 36.3% 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 55, George Lane, Bromley, 21.2% of residents are recorded as possessing school level qualifications and 40.7% 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 55, George Lane, Bromley, the average age was 42.9 and the most common age was 57.
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 55, George Lane, 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 55, George Lane, Bromley, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.