225 homes in Bromley have a value of more than £1million, according to latest figures.

The latest research by Property Solvers has revealed that Bromley is positioned number 21 across England, Wales and Scotland as having the most amount sales over the £1 million price point.

From September 2021 until September 2022, Bromley has seen 225 residential home sales with a value of more than £1 million.

Using HM Land Registry sold house price statistics, the home buying company and regional auctioneer reported the total value of these sales arrived at £320,382,363.

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Relative to the same period in 2020-21, this represented a decrease of 48 per cent (from £520.32 million).

In terms of number of properties sold, this puts Bromley in position number 21 across England, Wales, and Scotland - above Watford and below Brighton.

Below are some of the most expensive properties sold across Bromley over the last year:

Tall Timbers, Pine Glade, Orpington, BR6 8NT £6,400,000

Pantiles, Wilderness Road, Chislehurst, BR7 5EZ £4,750,000

Beckenham Place Park, Beckenham, BR3 5BS £3,700,000

Chislehurst Road, Bromley, BR1 2NW £3,600,000

Wilderness Road, Chislehurst, BR7 5EY £3,250,000

Lubbock Road, Chislehurst, BR7 5JG £2,750,000

Shepherds Green, Chislehurst, BR7 6PA £2,730,000

Camden Park Road, Chislehurst, BR7 5HF £2,550,000

Silvertrees, Raggleswood, Chislehurst, BR7 5NH £2,550,000

White Angles, Beech Dell, Keston, 6EP £2,500,000

Co-founder Ruban Selvanayagam said: “Although there remains a healthy volume of sales in this price bracket, such a pronounced drop would suggest that buyer appetite for these types of homes is decreasing.

“£1 million properties - even for the wealthy – are a major commitment and indeed affected by the wider economy.”

“With continued inflationary pressures and rising interest rates as a result, it would not be too much of a surprise to see a continued cooling off across the high-end property market in the coming year at least.”

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