14, DRAKE MEWS, BROMLEY, BR2 9NA - £400,000

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

14 DRAKE MEWS is a very small extended detached house of 85m², built sometime between 2003 and 2006. It was last sold for £400,000 in August 2024, which was around 61% below the average August 2024 detached price in the Bromley local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

14 DRAKE MEWS Sold Prices

Land registry data shows four sales for 14 DRAKE MEWS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. All of the four 14 DRAKE MEWS 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
2024 22 AUG	£400,000	£1,019,675	61% below HPI
2007 29 NOV	£300,000	£560,357	46% below HPI
2004 2 JUL	£240,000	£439,593	45% below HPI
2004 1 MAR	£220,000	£445,585	51% below HPI

14 DRAKE MEWS 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 four 14 DRAKE MEWS sales between March 2004 and August 2024 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 November 2007 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the August 2024 sale, where it falls to 61% below the HPI. The line then continues to track at 61% below the HPI.

How Large is 14 DRAKE MEWS?

14 DRAKE MEWS is 85m², which includes one extension, according to the EPC inspection conducted in December 2022. 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 14 DRAKE MEWS lies on this distribution: 10% of detached houses are smaller than 14 DRAKE MEWS, and 89% of houses are larger. Note that EPC data is not available for all properties in London.

14 DRAKE MEWS: Plot and Title Map

14 DRAKE MEWS sits on a plot of roughly 0.026 of an acre, or 106m². The below map shows the location of 14 DRAKE MEWS, 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 14 DRAKE MEWS). 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 14 DRAKE MEWS?

14 DRAKE MEWS is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 14 on DRAKE MEWS.