BR4 (Bromley) area guide

BR4
Bromley
The BR4 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bromley, Hayes and Coney Hall, Shortlands, West Wickham, West Wickham Station.
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Notes:

A Mouseprice property guide for BR4 Bromley is coming soon. In the meantime, please have a look at the raw data and statistics about BR4 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Bromley propertyThe size of the property market in BR4 is 7208 homes.

Bromley propertyWhen growth averages 8.5% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isan area which has invested in improving housing stock, transport links or other local infrastructure. It may also suggest proximity to an area of economic growth such as one of the financial clusters (London, Leeds, Bristol etc.) or strong local presence in growth industries (for example investment in university facilities, attractiveness of an area to IT companies or other knowledge- based organisations).

Bromley propertyThe average property in this postcode district was valued at £304463 over the last 3 months.

Bromley propertyWhen examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 11.1. Places like this represent the “well- heeled” districts of each postcode area. Although recently there have been some spectacular price increases in more expensive areas, in general, prices appreciate slowly in more expensive places because there is less demand for more expensive properties, and the turnover of them is slower because they are not commonly used as investment property.

Bromley propertyNew transactions as a percentage of overall sales are 1.8%.

Housing stock:

Bromley propertyOver half of the properties in the area are Semi- Detached Houses, at 55% of the total housing stock.

Bromley propertyThe least common type of property in this area is Flats (13% of the total housing stock).

Bromley propertyThis is an area with a high proportion of property suitable for families with children.

Bromley propertySocially rented accommodation represents only a small percentage of rented accommodation in the area at 3.7%.

Bromley propertyThe majority of property in this area is owner occupied.

Bromley propertyThe average price of a two bed property in this area is higher than the national average of £187894 at £205502.

Who lives here:

Bromley propertyThe population of this postcode district is 18255.
Bromley propertyThe average age in this area is 42.
Bromley propertyThis area has a high percentage of married people at 22.8%.
Bromley propertyAverage working hours in this area for men are 42 and for women are 30.
Bromley propertyThis area has 31.5 people per square kilometre.
Bromley propertyJob prospects in this area are good with low unemployment (1.8%). Most jobs are found in the Real Estate and Wholesale & Retail sectors.