3, FLAG CLOSE, CROYDON, CR0 8XT - £346,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 FLAG CLOSE is a very small detached house of 67m², built sometime between 1983 and 1990, which could now be worth an estimated £508,326. It was last sold for £346,000 in June 2014, which was around 40% below the average June 2014 detached price in the Croydon local authority area. The most recent EPC inspection was March 2011, where the current energy rating was C, and the potential energy rating was C.

3 FLAG CLOSE Sold Prices

Land registry data shows three sales for 3 FLAG CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Croydon local authority area for the corresponding sale date. All of the three 3 FLAG 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
2014 13 JUN	£346,000	£579,575	40% below HPI
2012 21 DEC	£260,000	£484,002	46% below HPI
1997 25 APR	£102,500	£164,624	38% below HPI

3 FLAG CLOSE 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 three 3 FLAG CLOSE sales between April 1997 and June 2014 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 2012 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the June 2014 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 3 FLAG CLOSE be worth now?

3 FLAG CLOSE might now be worth an estimated £508,326.

This is based on house price inflation of 46.9%, between June 2014 and December 2024, 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 46.9% inflationary increase is applied to the most recent sale price for 3 FLAG CLOSE of £346,000 on 13th June 2014. For the value to have increased from £346,000 to £508,326 over the nine years and six months to December 2024, the following assumptions must hold true:

• The value of 3 FLAG CLOSE has moved in line with the HPI for detached houses in the Croydon local authority area.
• The June 2014 sale price of £346,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FLAG CLOSE has not materially changed since June 2014.

How Large is 3 FLAG CLOSE?

3 FLAG CLOSE is 67m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 10% 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 3 FLAG CLOSE lies on this distribution: 3% of detached houses houses are smaller than 3 FLAG CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in London.

3 FLAG CLOSE: Plot and Title Map

3 FLAG CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 3 FLAG 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 3 FLAG 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 3 FLAG CLOSE?

3 FLAG CLOSE is located in CROYDON, in the CR0 postcode district. The below map shows the position of No. 3 on FLAG CLOSE.