The latest data from the government department reveals that in November 2023 average house prices in Bromley reached £500,485.
This was down from £505,164 in October, representing a 0.9 per cent decrease. In the last 12 months it has fallen by -2.5 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Bromley here.
Breaking it down for specific types of housing, some prices saw an increase despite the general fall.
- Detached houses – Down to £1,033,315 from £1,051,473 in October
- Semi-detached houses – Down to £625,980 from £633,878 in October
- Terraced houses – Down to £459,524 from £465,538 in October
- Flats – Up to £309,617 from £309,508 in October
Despite the fall in prices this month, Bromley is still far above the UK average with a typical property value in the nations reaching £284,950 in November.
In cash terms, the average house price in November was £-6,142 lower than a year earlier with house price growth decelerating to -2.1 per cent in November 2023. Prices were down by -0.8 per cent month on month.
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.
