House prices in Bromley have gone down by an average of over £400 in the month of December, according to figures from the Land Registry.
The latest data from the government department reveals that in December 2022 average house prices in Bromley reached £523,364.
This was down from £523,810 in November, representing a 0.1 per cent decrease. In the last 12 months it has risen by 10.1 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 £1,088,908 from £1,091,556 in November
- Semi-detached houses - Down to £654,056 from £655,040 in November
- Terraced houses - Down to £482,567 from £482,997 in November
- Flats - Up to £321,610 from £321,343 in November
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 £294,329 in December.
In cash terms, the average house price in December was £26,214 higher than a year earlier with house price growth accelerating to 9.8 per cent in December 2022. Prices were down by -0.4 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.
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