According to the public record, 554, Downham Way, Bromley is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 873 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Downham Way, Bromley, BR1 is located in the borough of Lewisham within the BR1 postal district.
554, Downham Way, Bromley has a single entry in the Land Registry database from May 2007 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 554 Downham Way Bromley as £421,783 and the rental value as £2,338 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 554 Downham Way Bromley has increased by £13,178 (3.1%) and its rental value has increased by £159 per month (6.8%).
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 554, Downham Way, Bromley is in very good condition we estimate a sale value of £442,872 and rental value of £2,455 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £392,258 and a rental value of £2,175 per month.
If you were able to purchase this property for the estimated value of £421,783, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,073 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, 554, Downham Way, Bromley was last sold on 30 May 2007 for £194,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2007, the market for similar properties has risen 94.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 554, Downham Way, Bromley within a radius of 420 metres over the last 2 years.
The most recent example is 8, The Green, Bromley, BR1 5LS, a Freehold house which sold for £430,000 in Dec 2022.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Downham Way, Bromley, BR1 has a total of 641 addresses. According to our analysis of all the public data, 554, Downham Way, Bromley is the 128th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £105k less expensive than the average property in BR1.
The closest station to 554, Downham Way, Bromley is Grove Park station which is 400 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 554, Downham Way, Bromley, 35.0% of property is privately rented and 29.9% is socially 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 554, Downham Way, Bromley, 28.2% of residents are recorded as possessing school level qualifications and 32.8% 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 554, Downham Way, Bromley, the average age was 35.2 and the most common age was 12.
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 554, Downham Way, Bromley, 0.0% 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 554, Downham Way, Bromley, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.