Bromley house prices fall by hundreds - how much your home could be worth

·2-min read
What are the latest house prices in Bromley? See how much your home could be worth (PA)
What are the latest house prices in Bromley? See how much your home could be worth (PA)

House prices in Bromley have gone down by an average of over £400 in the month of January, according to figures from the Land Registry.

The latest data from the government department reveals that in January 2023 average house prices in Bromley reached £519,294.

This was down from £519,752 in December, representing a 0.1 per cent decrease. In the last 12 months it has risen by 9.4 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Bromley here.

How much have house prices decreased in Bromley?

Breaking it down for specific types of housing, some prices saw an increase despite the general fall.

  • Detached houses - Down to £1,076,880 from £1,077,261 in December

  • Semi-detached houses - Up to £650,623 from £649,651 in December

  • Terraced houses - Down to £478,868 from £479,685 in December

  • Flats - Down to £318,867 from £319,789 in December

News Shopper: What%are%the%latest%house%prices%in%Bromley%? (PA)
News Shopper: What%are%the%latest%house%prices%in%Bromley%? (PA)

What%are%the%latest%house%prices%in%Bromley%? (PA)

How do Bromley house prices compare to the UK average?

Despite the fall in prices this month, Bromley is still far above the UK average with a typical property value in the nations reaching £289,818 in January.

In cash terms, the average house price in January was £17,080 higher than a year earlier with house price growth accelerating to 6.3 per cent in January 2023. Prices were down by -1.1 per cent month on month.

How much could your house be worth?

We have created this map for the London so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Bromley are the most expensive for average house prices.