According to the public record, 580, Downham Way, Bromley is a early-century freehold house with 828 ft2 of internal area and sits on a 170 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Downham Way, Bromley, BR1 is located in the borough of Lewisham within the BR1 postal district.
580, Downham Way, Bromley has a single entry in the Land Registry database from December 2017 and a single entry in the EPC database dated November 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 580 Downham Way Bromley as £410,298 and the rental value as £2,300 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 580 Downham Way Bromley has increased by £12,819 (3.1%) and its rental value has increased by £156 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 580, Downham Way, Bromley is in very good condition we estimate a sale value of £430,813 and rental value of £2,415 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £381,577 and a rental value of £2,139 per month.
If you were able to purchase this property for the estimated value of £410,298, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,016 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, 580, Downham Way, Bromley sits on a plot of 170m2.
We have plot size data on 22 out of 42 other houses in the postcode and 580, Downham Way, Bromley sits on the 18th largest plot.
According to HM Land Registry, 580, Downham Way, Bromley was last sold on 15 Dec 2017 for £305,000 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 18.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 580, 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, 580, Downham Way, Bromley is the 190th largest and the 76th most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in BR1.
580, Downham Way, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Nov 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 580, 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 580, 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 580, 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 580, 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 580, 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 580, 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.