1, LAVENDER CLOSE, BROMLEY, BR2 9TG - £525,000

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 LAVENDER CLOSE is a very small detached house of 97m², built sometime between 1991 and 1995. It was last sold for £525,000 in March 2020, which was around 39% below the average March 2020 detached price in the Bromley local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

1 LAVENDER CLOSE Sold Prices

Land registry data shows five sales for 1 LAVENDER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. All of the five 1 LAVENDER 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
2020 11 MAR	£525,000	£859,758	39% below HPI
2018 4 OCT	£500,000	£890,004	44% below HPI
2008 8 JUL	£287,000	£542,902	47% below HPI
2002 15 NOV	£249,000	£407,584	39% below HPI
2001 25 SEP	£207,000	£348,471	41% below HPI

1 LAVENDER 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 five 1 LAVENDER CLOSE sales between September 2001 and March 2020 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 October 2018 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the March 2020 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 1 LAVENDER CLOSE?

1 LAVENDER CLOSE is 97m² according to the EPC inspection conducted in March 2018. 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 LAVENDER CLOSE lies on this distribution: 18% of detached houses are smaller than 1 LAVENDER CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in London.

1 LAVENDER CLOSE: Plot and Title Map

1 LAVENDER CLOSE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 1 LAVENDER 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 LAVENDER 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 LAVENDER CLOSE?

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