324, Southborough Lane
324, Southborough Lane
Description & Estimates
Public records show 324, Southborough Lane, Bromley to be an early-century freehold house with 1,420 ft2 of internal area, sitting on a 326 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
324, Southborough Lane, Bromley has an estimated sale value of £724,727 and an estimated rental value of £2,928 per month, assuming reasonable condition and based on the information available.
Southborough Lane, Bromley, BR2 lies in the borough of Bromley, within the BR2 postal district.
Our Data Sources
324, Southborough Lane, Bromley has a single entry in the Land Registry from August 2017 and a single entry in the EPC database dated July 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 324, Southborough Lane, Bromley would be worth £760,963, with a potential rental value of £3,074 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £673,996, with a rental value of £2,723 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 324, Southborough Lane, Bromley has fallen by £2,950 (0.4%) over the last year. During the same period, its estimated monthly rental value has moved up by £92 (3.1%). The property's estimated gross yield is currently 4.8%.
Plot Size
324, Southborough Lane, Bromley occupies a 326 m2 plot as recorded by HM Land Registry.
Of the 34 other houses in this postcode, 28 have recorded plot sizes, and this one ranks as the 21st largest.
Energy Efficiency
324, Southborough Lane, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Jul 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
324, Southborough Lane, Bromley last changed hands on 4th August 2017, selling for £642,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 38.3% since August 2017.
- Sold Aug 2017£642,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 720 metres of 324, Southborough Lane, Bromley across the last 2 years.
Most recently, 281, Southborough Lane, Bromley, BR2 8BG, a freehold house, sold at £500,000 on the 10th May 2024.
Read more about house prices in BR2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 324, Southborough Lane, Bromley as the 75th largest and the 86th most expensive of the 299 addresses on Southborough Lane, Bromley, BR2.
Against the BR2 postcode district average, it is £126k more expensive than the typical property.
More reading links
Schools Nearby
- 100mSouthborough Primary School
- 700mSt James' Roman Catholic Primary School
- 1.3kmTrinity Church of England Primary School
- 1.3kmBishop Justus CofE School
- 2.0kmBullers Wood School for Boys
- 2.2kmBullers Wood School
More reading links
Public Transport Nearby
Petts Wood station is the nearest stop to 324, Southborough Lane, Bromley at 1.2 kilometres away.
- 1.2kmPetts Wood
- 1.5kmBickley
- 1.7kmChislehurst
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
