2, NEW FARM AVENUE, BROMLEY, BR2 0TX - £1,340,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 NEW FARM AVENUE is a very large extended detached house of 213m², built sometime between 1930 and 1949, which could now be worth an estimated £1,361,105. It was last sold for £1,340,000 in July 2024, which was around 30% above the average July 2024 detached price in the Bromley local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

2 NEW FARM AVENUE Sold Prices

Land registry data shows five sales for 2 NEW FARM AVENUE 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. Most of the five 2 NEW FARM AVENUE sales were for above 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 26 JUL	£1,340,000	£1,033,650	30% above HPI
2006 25 SEP	£515,000	£502,500	2% above HPI
2004 19 MAR	£475,000	£464,248	2% above HPI
2002 27 MAY	£425,000	£375,656	13% above HPI
2000 28 APR	£250,000	£313,234	20% below HPI

2 NEW FARM 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 five 2 NEW FARM AVENUE sales between April 2000 and July 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 September 2006 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the July 2024 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 2 NEW FARM AVENUE be worth now?

2 NEW FARM AVENUE might now be worth an estimated £1,361,105.

This is based on house price inflation of 1.6%, between July 2024 and December 2024, for detached houses, in the Bromley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.6% inflationary increase is applied to the most recent sale price for 2 NEW FARM AVENUE of £1,340,000 on 26th July 2024. For the value to have increased from £1,340,000 to £1,361,105 over the seven months to December 2024, the following assumptions must hold true:

• The value of 2 NEW FARM AVENUE has moved in line with the HPI for detached houses in the Bromley local authority area.
• The July 2024 sale price of £1,340,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NEW FARM AVENUE has not materially changed since July 2024.

How Large is 2 NEW FARM AVENUE?

2 NEW FARM AVENUE is 213m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 20% of detached houses houses in Bromley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromley, and where 2 NEW FARM AVENUE lies on this distribution: 83% of detached houses houses are smaller than 2 NEW FARM AVENUE, and 16% of houses are larger. Note that EPC data is not available for all properties in Bromley.

2 NEW FARM AVENUE: Plot and Title Map

2 NEW FARM AVENUE sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 2 NEW FARM 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 2 NEW FARM 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 2 NEW FARM AVENUE?

2 NEW FARM AVENUE is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 2 on NEW FARM AVENUE.