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8 Palace Grove is a residential building situated on Palace Grove, Bromley, BR1 with 3 addresses.
It ranks as the 621st largest and 658th most expensive of the 1,180 buildings in the BR1 area.
The building contains a total of 3 properties: 3 flats.
8 Palace Grove is a residential building situated on Palace Grove, Bromley, BR1 with 3 addresses.
It ranks as the 621st largest and 658th most expensive of the 1,180 buildings in the BR1 area.
The building contains a total of 3 properties: 3 flats.
Sale prices range from £244,219 for 1 bedroom leasehold flats (387 ft2) to £406,495 for 2 bedroom leasehold flats with a garden (907 ft2) .
Monthly rental prices range from £1,162 pcm for 1 bed flats to £1,849 pcm for 2 bed flats.
The gross rental yield is between 5.5% and 5.7%.
The average value per square foot is £521.
The last sale in 8 Palace Grove sold for £425,000 on 21st December 2022. Since then prices are down an average of 0.1%.
The current average value in the building is £327,777.
The 8 Palace Grove Sales Market has increased by 4.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.3% | £327,777 |
| April 2025 | 0.8% | £326,912 |
| April 2024 | -0.8% | £324,201 |
| April 2023 | -0.6% | £326,968 |
| April 2022 | 4.1% | £328,786 |
| April 2021 | 1.8% | £315,689 |
| April 2020 | 2.4% | £310,067 |
| April 2019 | -3% | £302,660 |
| April 2018 | -3.7% | £312,104 |
| April 2017 | 3.6% | £324,129 |
| April 2016 | 13.2% | £312,801 |
| April 2015 | 14.3% | £276,343 |
| April 2014 | 13.6% | £241,727 |
| April 2013 | 2.8% | £212,729 |
| April 2012 | 2% | £206,931 |
| April 2011 | 1.2% | £202,878 |
| April 2010 | 0.5% | £200,569 |
| April 2009 | -9.8% | £199,652 |
| April 2008 | 7.4% | £221,401 |
| April 2007 | 0% | £206,094 |
The current average rental value in the building is £1,531.
The 8 Palace Grove Rental Market has increased by 29.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4% | £1,531pcm |
| April 2025 | 3.8% | £1,471pcm |
| April 2024 | 5.3% | £1,418pcm |
| April 2023 | 12.6% | £1,347pcm |
| April 2022 | 3.1% | £1,197pcm |
| April 2021 | 2% | £1,161pcm |
| April 2020 | 2.4% | £1,138pcm |
| April 2019 | -0.8% | £1,111pcm |
| April 2018 | -3.5% | £1,120pcm |
| April 2017 | -2% | £1,161pcm |
| April 2016 | 6.6% | £1,184pcm |
| April 2015 | 7.7% | £1,111pcm |
| April 2014 | 4.5% | £1,032pcm |
| April 2013 | 4.6% | £988pcm |
| April 2012 | 2.4% | £944pcm |
| April 2011 | 5.2% | £922pcm |
| April 2010 | -3.1% | £876pcm |
| April 2009 | -3.8% | £905pcm |
| April 2008 | 7.6% | £940pcm |
| April 2007 | 0% | £874pcm |
The last sale was on 21st December 2022 for £425,000 and since then the market in the area has decreased by 0.1%. The building has had a total of 7 sales since 1995.
8, Palace Grove, Bromley, BR1 3HA has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 8, Palace Grove, Bromley, BR1 3HA is Bromley North station which is 100 metres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Palace Grove, Bromley, BR1 3HA, 49.0% of property is privately rented and 24.0% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 8, Palace Grove, Bromley, BR1 3HA, 18.7% of residents are recorded as possessing school level qualifications and 52.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8, Palace Grove, Bromley, BR1 3HA, the average age was 38.4 and the most common age was 32.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 8, Palace Grove, Bromley, BR1 3HA, 0.7% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 8, Palace Grove, Bromley, BR1 3HA, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.