24, THE COVERT, PETTS WOOD, ORPINGTON, BR6 0BU - £825,000

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.

24 THE COVERT is a small extended detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £905,500. It was last sold for £825,000 in June 2021, which was around 14% below the average June 2021 detached price in the Bromley local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was C.

24 THE COVERT Sold Prices

Land registry data shows two sales for 24 THE COVERT 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 24 THE COVERT 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 9 JUN	£825,000	£963,287	14% below HPI
2016 16 DEC	£743,000	£883,123	16% below HPI

24 THE COVERT 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 24 THE COVERT sales from December 2016 and June 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 December 2016 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 24 THE COVERT be worth now?

24 THE COVERT might now be worth an estimated £905,500.

This is based on house price inflation of 9.8%, between June 2021 and February 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 9.8% inflationary increase is applied to the most recent sale price for 24 THE COVERT of £825,000 on 9th June 2021. For the value to have increased from £825,000 to £905,500 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 24 THE COVERT has moved in line with the HPI for detached houses in the Bromley local authority area.
• The June 2021 sale price of £825,000 represented a fair market value for the property.
• The size, condition, and specification of 24 THE COVERT has not materially changed since June 2021.

How Large is 24 THE COVERT?

24 THE COVERT is 120m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 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 24 THE COVERT lies on this distribution: 34% of detached houses houses are smaller than 24 THE COVERT, and 66% of houses are larger. Note that EPC data is not available for all properties in London.

24 THE COVERT: Plot and Title Map

24 THE COVERT sits on a plot of roughly 0.187 of an acre, or 758m². The below map shows the location of 24 THE COVERT, 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 24 THE COVERT). 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 24 THE COVERT?

24 THE COVERT is located in PETTS WOOD, in the BR6 postcode district. The below map shows the position of No. 24 on THE COVERT.