BR1 house prices named third-cheapest in London
PUBLISHED: 09:30 13 April 2012
Desirable Bromley postcodes have been named among the cheapest in London despite the borough’s affluent reputation.
News reports hailed areas including Bickley, Bromley Town and Beckenham as cheap property locations following research by estate agents Hamptons International and primelocation.com.
BR1 was listed as the third-cheapest postcode in London, with an average price of £267 per square foot, compared to a whopping £1,717 in SW7 in South Kensington.
House prices regularly soar over £1million in affluent areas like Bickley, but because Bromley is the least densley-populated London borough and properties are larger, the average per square foot works out cheaper.
Postcode areas BR5 and BR8 were not included because of insufficient data.