2, PARK FARM ROAD, BROMLEY, BR1 2PF - £895,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 PARK FARM ROAD is a large extended detached house of 170m², built sometime between 1930 and 1949, which could now be worth an estimated £1,054,265. It was last sold for £895,000 in March 2020, which was about the average March 2020 detached price in the Bromley local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was C.

2 PARK FARM ROAD Sold Prices

Land registry data shows three sales for 2 PARK FARM ROAD 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. The three 2 PARK FARM ROAD sales were a mix of roughly equal to the average price, above the average price, and 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
2020 11 MAR	£895,000	£895,768	Close to HPI
2015 18 MAY	£745,000	£774,119	4% below HPI
2009 2 JUN	£650,000	£493,191	32% above HPI

2 PARK FARM 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 three 2 PARK FARM ROAD sales between June 2009 and March 2020 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 2015 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the March 2020 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 2 PARK FARM ROAD be worth now?

2 PARK FARM ROAD might now be worth an estimated £1,054,265.

This is based on house price inflation of 17.8%, between March 2020 and March 2025, 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 17.8% inflationary increase is applied to the most recent sale price for 2 PARK FARM ROAD of £895,000 on 11th March 2020. For the value to have increased from £895,000 to £1,054,265 over the five years to March 2025, the following assumptions must hold true:

• The value of 2 PARK FARM ROAD has moved in line with the HPI for detached houses in the Bromley local authority area.
• The March 2020 sale price of £895,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK FARM ROAD has not materially changed since March 2020.

How Large is 2 PARK FARM ROAD?

2 PARK FARM ROAD is 170m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 40% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 2 PARK FARM ROAD lies on this distribution: 63% of detached houses houses are smaller than 2 PARK FARM ROAD, and 36% of houses are larger. Note that EPC data is not available for all properties in London.

2 PARK FARM ROAD: Plot and Title Map

2 PARK FARM ROAD sits on a plot of roughly 0.155 of an acre, or 629m². The below map shows the location of 2 PARK FARM 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 2 PARK FARM 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 2 PARK FARM ROAD?

2 PARK FARM ROAD is located in BROMLEY, in the BR1 postcode district. The below map shows the position of No. 2 on PARK FARM ROAD.