40, GEORGE LANE, BROMLEY, BR2 7LQ - £410,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 GEORGE LANE is a very small extended detached house of 84m², built sometime between 1930 and 1949. It was last sold for £410,000 in April 2011, which was around 25% below the average April 2011 detached price in the Bromley local authority area. The most recent EPC inspection was December 2010, where the current energy rating was E, and the potential energy rating was D.

40 GEORGE LANE Sold Prices

Land registry data shows two sales for 40 GEORGE LANE 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 40 GEORGE LANE 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
2011 15 APR	£410,000	£548,793	25% below HPI
2010 18 JUN	£310,000	£532,552	42% below HPI

40 GEORGE LANE 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 40 GEORGE LANE sales from June 2010 and April 2011 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 June 2010 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the April 2011 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 40 GEORGE LANE?

40 GEORGE LANE is 84m², which includes one extension, according to the EPC inspection conducted in December 2010. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 40 GEORGE LANE lies on this distribution: 10% of detached houses are smaller than 40 GEORGE LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in London.

40 GEORGE LANE: Plot and Title Map

40 GEORGE LANE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 40 GEORGE LANE, 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 40 GEORGE LANE). 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 40 GEORGE LANE?

40 GEORGE LANE is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 40 on GEORGE LANE.