3, THE DRIFT, BROMLEY, BR2 8HL - £795,000

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 THE DRIFT is a midsized extended detached house of 134m², built sometime between 1976 and 1982. It was last sold for £795,000 in November 2022, which was around 25% below the average November 2022 detached price in the Bromley local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

3 THE DRIFT Sold Prices

Land registry data shows two sales for 3 THE DRIFT 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 THE DRIFT 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
2022 25 NOV	£795,000	£1,059,438	25% below HPI
2000 17 AUG	£290,000	£321,691	10% below HPI

3 THE DRIFT 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 THE DRIFT sales from August 2000 and November 2022 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 August 2000 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2022 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 3 THE DRIFT?

3 THE DRIFT is 134m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 50% 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 THE DRIFT lies on this distribution: 43% of detached houses are smaller than 3 THE DRIFT, and 56% of houses are larger. Note that EPC data is not available for all properties in London.

3 THE DRIFT: Plot and Title Map

3 THE DRIFT sits on a plot of roughly 0.230 of an acre, or 930m². The below map shows the location of 3 THE DRIFT, 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 DRIFT). 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 DRIFT?

3 THE DRIFT is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 3 on THE DRIFT.