18, FOREST WAY, ORPINGTON, BR5 2AQ - £375,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

18 FOREST WAY is a very small extended detached house of 86m², built sometime between 1930 and 1949. It was last sold for £375,000 in October 2016, which was around 56% below the average October 2016 detached price in the Bromley local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was C.

18 FOREST WAY Sold Prices

Land registry data shows three sales for 18 FOREST WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. All of the three 18 FOREST WAY 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 27 OCT	£375,000	£845,135	56% below HPI
1997 13 AUG	£124,000	£201,101	38% below HPI
1997 25 APR	£55,000	£184,511	70% below HPI

18 FOREST WAY 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 three 18 FOREST WAY sales between April 1997 and October 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 August 1997 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the October 2016 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 18 FOREST WAY?

18 FOREST WAY is 86m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the smallest 20% of detached houses in Orpington, based on EPC data. The below chart shows the distribution of detached houses by size in Orpington, and where 18 FOREST WAY lies on this distribution: 12% of detached houses are smaller than 18 FOREST WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Orpington.

18 FOREST WAY: Plot and Title Map

18 FOREST WAY sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 18 FOREST WAY, 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 18 FOREST WAY). 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 18 FOREST WAY?

18 FOREST WAY is located in ORPINGTON, in the BR5 postcode district. The below map shows the position of No. 18 on FOREST WAY.