12, FAIRBANK AVENUE, ORPINGTON, BR6 8JZ - £685,000

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

12 FAIRBANK AVENUE is a very small detached house of 100m², built sometime between 1967 and 1975. It was last sold for £685,000 in October 2020, which was around 22% below the average October 2020 detached price in the Bromley local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

12 FAIRBANK AVENUE Sold Prices

Land registry data shows two sales for 12 FAIRBANK AVENUE 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 12 FAIRBANK AVENUE 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 21 OCT	£685,000	£882,387	22% below HPI
2012 23 MAR	£451,500	£547,280	18% below HPI

12 FAIRBANK AVENUE 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 12 FAIRBANK AVENUE sales from March 2012 and October 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 March 2012 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 12 FAIRBANK AVENUE?

12 FAIRBANK AVENUE is 100m² according to the EPC inspection conducted in May 2011. 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 12 FAIRBANK AVENUE lies on this distribution: 20% of detached houses are smaller than 12 FAIRBANK AVENUE, and 80% of houses are larger. Note that EPC data is not available for all properties in London.

12 FAIRBANK AVENUE: Plot and Title Map

12 FAIRBANK AVENUE sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of 12 FAIRBANK AVENUE, 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 12 FAIRBANK AVENUE). 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 12 FAIRBANK AVENUE?

12 FAIRBANK AVENUE is located in ORPINGTON, in the BR6 postcode district. The below map shows the position of No. 12 on FAIRBANK AVENUE.