2, THE SPINNEY, PURLEY, CR8 1AB - £840,000

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 THE SPINNEY is a small extended detached house of 161m², built sometime between 1950 and 1966, which could now be worth an estimated £907,503. It was last sold for £840,000 in December 2017, which was around 5% above the average December 2017 detached price in the Croydon local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

2 THE SPINNEY Sold Prices

Land registry data shows two sales for 2 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Croydon local authority area for the corresponding sale date. One of the two 2 THE SPINNEY sales was for above the average price, whilst the other was 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
2017 7 DEC	£840,000	£796,260	5% above HPI
2015 28 AUG	£550,000	£666,458	17% below HPI

2 THE SPINNEY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Croydon local authority area over time, sourced from the HPI. The two 2 THE SPINNEY sales from August 2015 and December 2017 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 2015 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2017 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 2 THE SPINNEY be worth now?

2 THE SPINNEY might now be worth an estimated £907,503.

This is based on house price inflation of 8%, between December 2017 and February 2025, for detached houses, in the Croydon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8% inflationary increase is applied to the most recent sale price for 2 THE SPINNEY of £840,000 on 7th December 2017. For the value to have increased from £840,000 to £907,503 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 THE SPINNEY has moved in line with the HPI for detached houses in the Croydon local authority area.
• The December 2017 sale price of £840,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE SPINNEY has not materially changed since December 2017.

How Large is 2 THE SPINNEY?

2 THE SPINNEY is 161m², which includes two extensions, according to the EPC inspection conducted in September 2017. This puts it in the smallest 40% of detached houses houses in Purley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Purley, and where 2 THE SPINNEY lies on this distribution: 39% of detached houses houses are smaller than 2 THE SPINNEY, and 60% of houses are larger. Note that EPC data is not available for all properties in Purley.

2 THE SPINNEY: Plot and Title Map

2 THE SPINNEY sits on a plot of roughly 0.307 of an acre, or 1,242m². The below map shows the location of 2 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

2 THE SPINNEY is located in PURLEY, in the CR8 postcode district. The below map shows the position of No. 2 on THE SPINNEY.