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Borough by borough: Bromley
Perhaps the most rural borough in London, and with the south of the borough more akin to Kent, it remains particularly attractive to families and those wanting to settle down.
Bromley is the largest borough in London by area and occupies 59 sq. miles. While the north of the borough is urban and built up, it also contains a large swathe of Green Belt land and is arguably the most rural borough in London. Westerham Heights, on Bromley’s southern border, is the highest point in Greater London at 804 ft. (it is also part of Betsom’s Hill, albeit with a separate name). On the North West side of the hill, there is another boundary feature, a tri-point where the borders of Surrey, Kent and Greater London meet at Rag Hill.
Statistics point to an affluent borough. It has one of London’s highest employment rates, an above average salary level and one of the highest rates of home ownership; it also has a high number of Waitrose stores. Given these findings, it is surprising that house prices are not higher; at £382,000 they are broadly in line with the Outer London average. However, house price growth reached 18% last year, one of the highest rates across London.
The borough is hugely attractive to families. It has three outstanding primary schools and a low crime rate. Although it is not connected to the underground system, it has 27 train stations throughout the borough providing excellent connectivity into Central London.
It has the sixth largest population of 320,706. This is expected to increase by 7.2% over the next decade, which is fairly modest compared with other boroughs in Outer London, and will add just over 20,000 to the population.
Just six schemes completed in 2014, adding 243 units to the stock. However, there are 22 schemes currently under construction and 23 schemes in the planning pipeline. However, surprisingly for a borough with such a large area as this, the majority of schemes are small. Of the schemes in the pipeline just four have over 100 units, with the majority under 50 units.