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
4 MARSDEN WAY is a very small extended detached house of 86m², built sometime between 1976 and 1982. It was last sold for £674,060 in October 2022, which was around 36% below the average October 2022 detached price in the Bromley local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows five sales for 4 MARSDEN WAY since 1st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. All of the five 4 MARSDEN WAY 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 7 OCT | £674,060 | £1,056,070 | 36% below HPI |
2020 27 JAN | £540,000 | £865,183 | 38% below HPI |
2005 16 DEC | £271,000 | £444,305 | 39% below HPI |
2005 15 JUL | £265,000 | £452,234 | 41% below HPI |
1995 14 AUG | £105,000 | £166,882 | 37% below HPI |
The below graph shows the average detached house price in the Bromley local authority area over time, sourced from the HPI. The five 4 MARSDEN WAY sales between August 1995 and October 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 January 2020 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the October 2022 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.
4 MARSDEN WAY is 86m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the smallest 20% of detached houses in Orpington, based on EPC data. The below chart shows the distribution of detached houses by size in Orpington, and where 4 MARSDEN WAY lies on this distribution: 12% of detached houses are smaller than 4 MARSDEN WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Orpington.
4 MARSDEN WAY sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 4 MARSDEN WAY, 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 4 MARSDEN WAY). 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.
4 MARSDEN WAY is located in ORPINGTON, in the BR6 postcode district. The below map shows the position of No. 4 on MARSDEN WAY.