Bromley Property Snapshot 2021

Published: 12/01/2021

The start of a new year is a perfect opportunity for people to evaluate their circumstances and consider their options.

The housing market ended 2020 in a robust manner, and some leading property professionals in the UK believe this will continue for the next few months.

At BR Estate Agent, we stay in touch with the latest findings from the leading names in the UK housing market, and the local market.

We are pleased to say we have assisted many vendors and buyers in Bromley recently, and we look forward to doing more of the same in the months which lie ahead.

As of the end of December 2020, Rightmove said the following regarding the Bromley housing market.

“Properties in Bromley had an overall average price of £508,041 over the last year. The majority of sales in Bromley during the last year were terraced properties, selling for an average price of £429,296. Flats sold for an average of £328,632, with semi-detached properties fetching £577,775.

Overall, sold prices in Bromley over the last year were 7% up on the previous year and 4% up on the 2017 peak of £486,188.”

At the end of December 2020, Rightmove had a total of 707 properties listed for sale in Bromley.

Of the 707 listed properties in Bromley, 71 are listed as detached properties, while 85 are classed as semi-detached property.

Flats are the most common property for sale in Bromley

There is a marked increase on this when it comes to terraced properties, with 163 terraced properties listed for sale in and around Bromley according to Rightmove near the end of December. There are 373 flats listed for sale in the local area, making flats the most commonly listed property type in Bromley.

Garden space and parking spots are in high demand

The most popular search term used by property buyers in 2020, according to Zoopla, was gardens. Parking was also another common search term, with garage space rounding out the top three terms.

If you are looking for these features in a property, you will be pleased to know they are available in abundance in and around Bromley.

Of the 707 listed properties in Bromley, 492 have been listed has having a garden.

If you are looking for property with a dedicated parking space, there are 544 listings with parking for property in Bromley.

389 properties are listed with a garden and parking space. If you are looking to make a move in the Bromley property market, and you would like to speak with local experts, please get in touch. If you would like to arrange a property valuation, contact us and we will set this up for you. You can phone your BR Estate Agent on 020 3633 8620 from 9am till 9pm seven days a week or visit our website for more information.