2, OLEANDER CLOSE, ORPINGTON, BR6 7TQ - £665,000

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

2 OLEANDER CLOSE is a small detached house of 107m², built sometime between 1967 and 1975. It was last sold for £665,000 in February 2021, which was around 26% below the average February 2021 detached price in the Bromley local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

2 OLEANDER CLOSE Sold Prices

Land registry data shows two sales for 2 OLEANDER CLOSE 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 2 OLEANDER CLOSE 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
2021 12 FEB	£665,000	£902,506	26% below HPI
2003 9 MAY	£326,500	£422,353	23% below HPI

2 OLEANDER CLOSE 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 2 OLEANDER CLOSE sales from May 2003 and February 2021 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 May 2003 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 OLEANDER CLOSE?

2 OLEANDER CLOSE is 107m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 30% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 2 OLEANDER CLOSE lies on this distribution: 25% of detached houses are smaller than 2 OLEANDER CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in London.

2 OLEANDER CLOSE: Plot and Title Map

2 OLEANDER CLOSE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 2 OLEANDER CLOSE, 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 OLEANDER CLOSE). 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 OLEANDER CLOSE?

2 OLEANDER CLOSE is located in ORPINGTON, in the BR6 postcode district. The below map shows the position of No. 2 on OLEANDER CLOSE.