27A, NICHOL LANE, BROMLEY, BR1 4DE - £515,000

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

27A NICHOL LANE is a very small extended detached house of 95m², built sometime between 1976 and 1982. It was last sold for £515,000 in July 2023, which was around 49% below the average July 2023 detached price in the Bromley local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

27A NICHOL LANE Sold Prices

Land registry data shows four sales for 27A NICHOL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. All of the four 27A NICHOL LANE 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
2023 21 JUL	£515,000	£1,013,872	49% below HPI
2010 19 NOV	£375,000	£547,838	32% below HPI
2007 11 JUL	£249,995	£527,210	53% below HPI
2003 12 MAR	£220,000	£421,138	48% below HPI

27A NICHOL LANE 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 four 27A NICHOL LANE sales between March 2003 and July 2023 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 November 2010 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2023 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 27A NICHOL LANE?

27A NICHOL LANE is 95m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 27A NICHOL LANE lies on this distribution: 16% of detached houses are smaller than 27A NICHOL LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in London.

27A NICHOL LANE: Plot and Title Map

27A NICHOL LANE sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 27A NICHOL LANE, 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 27A NICHOL LANE). 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 27A NICHOL LANE?

27A NICHOL LANE is located in BROMLEY, in the BR1 postcode district. The below map shows the position of No. 27A on NICHOL LANE.