According to the public record, 78, Southborough Road, Bromley is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,044 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Southborough Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
78, Southborough Road, Bromley has 21 entries in the Land Registry database, most recently in November 2006 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 78 Southborough Road Bromley as £537,848 and the rental value as £2,374 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 78 Southborough Road Bromley has increased by £7,284 (1.4%) and its rental value has increased by £128 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 78, Southborough Road, Bromley is in very good condition we estimate a sale value of £564,740 and rental value of £2,492 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £500,198 and a rental value of £2,207 per month.
If you were able to purchase this property for the estimated value of £537,848, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,643 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, 78, Southborough Road, Bromley was last sold on 17 Nov 2006 for £460,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78, Southborough Road, Bromley within a radius of 590 metres over the last 2 years.
The most recent example is 28, Parkside Avenue, Bromley, BR1 2EJ, a Freehold house which sold for £540,000 in Sep 2023.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southborough Road, Bromley, BR1 has a total of 117 addresses. According to our analysis of all the public data, 78, Southborough Road, Bromley is the 91st largest and the 89th most expensive property on the street.
When compared to the postcode district it is £11k more expensive than the average property in BR1.
The closest station to 78, Southborough Road, Bromley is Bickley station which is 600 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 78, Southborough Road, Bromley, 46.3% of property is privately owned with a mortgage and 39.7% 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 78, Southborough Road, Bromley, 15.2% of residents are recorded as possessing school level qualifications and 40.4% 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 78, Southborough Road, Bromley, the average age was 39.3 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 78, Southborough Road, Bromley, 3.3% 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 78, Southborough Road, Bromley, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.