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According to the public record, 38, Palace Road, Bromley is a modern leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 38, Palace Road, Bromley is £304,170 and the estimated rental value is £1,655 per month.
The apartment is within 38, Palace Road, Bromley, BR1.
Palace Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
38, Palace Road, Bromley has 51 entries in the Land Registry , most recently in September 2021 and a single entry in the EPC database dated July 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 38, Palace Road, Bromley is in very good condition we estimate a sale value of £319,378 and a rental value of £1,737 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £282,878 and a rental value of £1,539 per month.
Over the last 12 months the sale value of 38 Palace Road Bromley has increased by an estimated £1,768 (0.6%) and its rental value has increased by an estimated £65 per month (3.9%), giving an expected gross yield of 6.5%.
38, Palace Road, Bromley has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 03 Jul 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 38, Palace Road, Bromley was last sold on 20th September 2021 for £310,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since September 2021, the market for similar properties has dropped 0.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Palace Road, Bromley within a radius of 410 metres over the last 2 years.
The most recent example is Flat 46, Northpoint, Sherman Road, Bromley, BR1 3JN, a leasehold flat which sold for £315,000 on the 12th September 2025.
Read more about house prices in BR1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palace Road, Bromley, BR1 has a total of 116 addresses. According to our analysis of all the public data, 38, Palace Road, Bromley is the 71st largest and the 108th most expensive property on the street.
When compared to the postcode district it is £230k less expensive than the average property in BR1.
The closest station to 38, Palace Road, Bromley is Bromley North station which is 200 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 38, Palace Road, Bromley, 36.7% of property is privately owned with a mortgage and 27.3% is privately rented.
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 38, Palace Road, Bromley, 14.4% of residents are recorded as possessing school level qualifications and 49.2% 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 38, Palace Road, Bromley, the average age was 38.2 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 38, Palace Road, Bromley, 0.3% 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 38, Palace Road, Bromley, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
