According to the public record, 56, Oak Tree Gardens, Bromley is a early-century freehold house with 764 ft2 of internal area and sits on a 285 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oak Tree Gardens, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
56, Oak Tree Gardens, Bromley has 21 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated November 2018.
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 56 Oak Tree Gardens Bromley as £503,590 and the rental value as £2,168 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 56 Oak Tree Gardens Bromley has increased by £9,469 (1.9%) and its rental value has increased by £113 per month (5.2%).
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 56, Oak Tree Gardens, Bromley is in very good condition we estimate a sale value of £528,770 and rental value of £2,277 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £468,339 and a rental value of £2,017 per month.
If you were able to purchase this property for the estimated value of £503,590, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,475 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, 56, Oak Tree Gardens, Bromley sits on a plot of 285m2.
We have plot size data on 18 out of 24 other houses in the postcode and 56, Oak Tree Gardens, Bromley sits on the 13th largest plot.
According to HM Land Registry, 56, Oak Tree Gardens, Bromley was last sold on 01 Jul 2022 for £550,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2022, the market for similar properties has dropped 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Oak Tree Gardens, Bromley within a radius of 610 metres over the last 2 years.
The most recent example is 47, Oak Tree Gardens, Bromley, BR1 5BQ, a Freehold house which sold for £540,000 in Nov 2022.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oak Tree Gardens, Bromley, BR1 has a total of 86 addresses. According to our analysis of all the public data, 56, Oak Tree Gardens, Bromley is the 84th largest and the 71st most expensive property on the street.
When compared to the postcode district it is £23k less expensive than the average property in BR1.
56, Oak Tree Gardens, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Nov 2018.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 56, Oak Tree Gardens, Bromley is Grove Park 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 56, Oak Tree Gardens, Bromley, 57.1% of property is privately owned with a mortgage and 33.6% is privately owned outright.
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 56, Oak Tree Gardens, Bromley, 22.1% of residents are recorded as possessing school level qualifications and 40.2% 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 56, Oak Tree Gardens, Bromley, the average age was 40.7 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 56, Oak Tree Gardens, Bromley, 1.5% 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 56, Oak Tree Gardens, Bromley, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.