Bromley Property Market Update

Bromley continues to solidify its position as one of South East London's most stable and in-demand property markets. With both sales and rental prices showing strong year-on-year growth, this borough remains a highly attractive option for homeowners, investors, landlords, and first-time buyers alike.

Here’s our expert breakdown of the latest official data from the Office for National Statistics (ONS) for May–June 2025, alongside what it means for you as a seller, landlord, or buyer in Bromley.

House price - £533,000	Monthly rent - £1,634	First-time buyers - £410,000	Mortgage buyers - £537,000
In May 2025, the average house price in Bromley reached £533,000 (provisional), reflecting a 9.0% increase from May 2024, outpacing London's 2.2% rise over the same period.	In June 2025, average private rents increased to £1,634, a 6.3% rise from £1,537 in June 2024, which was below London's 7.3% annual increase.	In May 2025, first-time buyers paid an average of £443,000 (provisional), a 6.0% increase from the revised £418,000 in May 2024.	In May 2025, the average house price for homes purchased with a mortgage was £500,000 (provisional), a 6.4% increase from the revised £470,000 in May 2024.

Average House Price in Bromley – May 2025

The average house price in Bromley reached £533,000 in May 2025 — up from £489,000 in May 2024. That’s a 9.0% increase, significantly outperforming the London average rise of 2.2% over the same period.

This growth positions Bromley well ahead of the UK-wide average house price of £269,000, proving that confidence in this borough remains high despite wider market fluctuations.

Property Type	Avg. Price (May 2025)	YOY Change
Detached	£1,083,000	+7.0%
Semi-detached	£675,000	+11.3%
Terraced	£496,000	—
Flats/Maisonettes	£326,000	—

Charles Knight tip: Semi-detached homes showed the strongest growth, making now an ideal time for owners to consider selling or letting while the market is hot.

First-Time Buyers & Movers

The average price paid by first-time buyers in Bromley was £410,000 in May 2025 — up from £377,000 last year (+8.6%). This signals continued interest from younger professionals and families making their move out of inner London.

By comparison, home movers paid an average of £675,000, showing the scale of investment in second or third-step properties — particularly in areas like Shortlands, Sundridge Park, and Bromley North.

Mortgage Buyers vs. Cash Buyers

Bromley has seen a sharp increase in prices for those purchasing with a mortgage:

Average mortgage-bought property: £537,000 (+9.2%)
Average cash-bought property: £516,000 (+8.4%)

This suggests confidence from both buyers and lenders, with the area’s stability and quality housing stock justifying higher lending volumes.

Rental Market in Bromley – June 2025

Bromley remains a top performer for rental investors, with average private rents rising to £1,634/month in June 2025 — a 6.3% increase over the year.

This is slightly below the London average rise of 7.3%, but above the UK-wide growth of 6.7%, maintaining strong returns for landlords while keeping tenant demand high.

Average Rent by Property Type:

Property Type	Avg. Rent (June 2025)	YOY Change
Flats/Maisonettes	£1,467	+6.6%
Terraced	£1,851	—
Semi-detached	£2,091	—
Detached	£2,837	+5.3%

Average Rent by Bedroom Size:

Bedrooms	Avg. Rent	YOY Change
1 Bedroom	£1,269	+7.0%
2 Bedrooms	£1,592	—
3 Bedrooms	£1,925	—
4+ Bedrooms	£2,860	+4.9%

At Charles Knight, we help landlords capitalise on strong rental yields while minimising void periods — especially for larger homes and professionally managed flats. Take a look at our Guaranteed Rent Service.

How Bromley Compares to London & the UK

Metric	Bromley	London	UK
Avg. House Price (May 2025)	£533,000	£566,000	£269,000
Avg. Rent (June 2025)	£1,634	£2,252	£1,344
FTB Avg. Price	£410,000	£452,000*	£231,000*

Approximate estimates based on broader trends.

What Does This Mean for You?

Whether you're a homeowner looking to sell, a landlord reviewing your rental strategy, or a buyer eyeing long-term growth, Bromley offers:

Strong house price appreciation
Consistent rental demand
Stable financing conditions
Quality schooling and green space appeal

Why Choose Charles Knight Estate Agents?

We’re more than just another estate agency in Bromley — we are local market experts with a proven system (“The Charles Knight Way”) for securing top sales and lettings results.

Here’s how we help you succeed: