1, CEDAR CLOSE, BROMLEY, BR2 8PR - £595,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 CEDAR CLOSE is a very small extended detached house of 96m², built sometime between 1950 and 1966. It was last sold for £595,000 in May 2016, which was around 29% below the average May 2016 detached price in the Bromley local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

1 CEDAR CLOSE Sold Prices

Land registry data shows two sales for 1 CEDAR CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. Both of the two 1 CEDAR CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 20 MAY	£595,000	£834,740	29% below HPI
2001 29 JUN	£239,950	£329,255	27% below HPI

1 CEDAR CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bromley local authority area over time, sourced from the HPI. The two 1 CEDAR CLOSE sales from June 2001 and May 2016 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2001 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2016 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 1 CEDAR CLOSE?

1 CEDAR CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 1 CEDAR CLOSE lies on this distribution: 17% of detached houses are smaller than 1 CEDAR CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in London.

1 CEDAR CLOSE: Plot and Title Map

1 CEDAR CLOSE sits on a plot of roughly 0.127 of an acre, or 516m². The below map shows the location of 1 CEDAR CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 CEDAR CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 CEDAR CLOSE?

1 CEDAR CLOSE is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 1 on CEDAR CLOSE.