3, MERE CLOSE, ORPINGTON, BR6 8ES - £780,000

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

3 MERE CLOSE is a large extended detached house of 168m², built sometime between 1967 and 1975. It was last sold for £780,000 in July 2017, which was around 10% below the average July 2017 detached price in the Bromley local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

3 MERE CLOSE Sold Prices

Land registry data shows two sales for 3 MERE CLOSE 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 3 MERE 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
2017 25 JUL	£780,000	£865,799	10% below HPI
2015 25 SEP	£425,000	£778,303	45% below HPI

3 MERE CLOSE 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 3 MERE CLOSE sales from September 2015 and July 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 September 2015 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2017 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 3 MERE CLOSE?

3 MERE CLOSE is 168m², which includes four extensions, according to the EPC inspection conducted in January 2017. This puts it in the largest 40% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 3 MERE CLOSE lies on this distribution: 63% of detached houses are smaller than 3 MERE CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in London.

3 MERE CLOSE: Plot and Title Map

3 MERE CLOSE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 3 MERE 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 MERE 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 MERE CLOSE?

3 MERE CLOSE is located in ORPINGTON, in the BR6 postcode district. The below map shows the position of No. 3 on MERE CLOSE.