3, THE CLOSE, BEXLEY, DA5 1BD - £1,000,000

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 THE CLOSE is a midsized extended detached house of 121m², built sometime between 1983 and 1990, which could now be worth an estimated £978,862. It was last sold for £1,000,000 in March 2023, which was around 37% above the average March 2023 detached price in the Bexley local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

3 THE CLOSE Sold Prices

Land registry data shows four sales for 3 THE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bexley local authority area for the corresponding sale date. All of the four 3 THE CLOSE sales were for above 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 16 MAR	£1,000,000	£732,530	37% above HPI
2019 19 SEP	£845,000	£587,453	44% above HPI
2016 17 FEB	£645,000	£555,292	16% above HPI
1997 14 JAN	£173,500	£124,945	39% above HPI

3 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bexley local authority area over time, sourced from the HPI. The four 3 THE CLOSE sales between January 1997 and March 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 September 2019 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the March 2023 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 3 THE CLOSE be worth now?

3 THE CLOSE might now be worth an estimated £978,862.

This is based on house price deflation of 2.1%, between March 2023 and February 2025, for detached houses, in the Bexley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.1% deflationary decrease is applied to the most recent sale price for 3 THE CLOSE of £1,000,000 on 16th March 2023. For the value to have decreased from £1,000,000 to £978,862 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 3 THE CLOSE has moved in line with the HPI for detached houses in the Bexley local authority area.
• The March 2023 sale price of £1,000,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE CLOSE has not materially changed since March 2023.

How Large is 3 THE CLOSE?

3 THE CLOSE is 121m², which includes two extensions, according to the EPC inspection conducted in May 2019. This puts it in the smallest 50% of detached houses houses in Bexley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bexley, and where 3 THE CLOSE lies on this distribution: 41% of detached houses houses are smaller than 3 THE CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Bexley.

3 THE CLOSE: Plot and Title Map

3 THE CLOSE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 3 THE 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 THE 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 THE CLOSE?

3 THE CLOSE is located in BEXLEY, in the DA5 postcode district. The below map shows the position of No. 3 on THE CLOSE.