1E, LAKESWOOD ROAD, PETTS WOOD, ORPINGTON, BR5 1BJ - £485,000

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

1E LAKESWOOD ROAD is a very small detached house of 78m², built sometime between 1967 and 1975. It was last sold for £485,000 in March 2018, which was around 44% below the average March 2018 detached price in the Bromley local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

1E LAKESWOOD ROAD Sold Prices

Land registry data shows two sales for 1E LAKESWOOD ROAD 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 1E LAKESWOOD ROAD 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
2018 1 MAR	£485,000	£866,970	44% below HPI
2003 17 OCT	£299,000	£433,668	31% below HPI

1E LAKESWOOD ROAD 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 1E LAKESWOOD ROAD sales from October 2003 and March 2018 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 2003 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2018 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 1E LAKESWOOD ROAD?

1E LAKESWOOD ROAD is 78m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 1E LAKESWOOD ROAD lies on this distribution: 7% of detached houses are smaller than 1E LAKESWOOD ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in London.

1E LAKESWOOD ROAD: Plot and Title Map

1E LAKESWOOD ROAD sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 1E LAKESWOOD ROAD, 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 1E LAKESWOOD ROAD). 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 1E LAKESWOOD ROAD?

1E LAKESWOOD ROAD is located in PETTS WOOD, in the BR5 postcode district. The below map shows the position of No. 1E on LAKESWOOD ROAD.