40, HOMEMEAD ROAD, BROMLEY, BR2 8BA - £720,000

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 HOMEMEAD ROAD is a small extended detached house of 116m², built sometime between 1950 and 1966. It was last sold for £720,000 in February 2021, which was around 20% below the average February 2021 detached price in the Bromley local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

40 HOMEMEAD ROAD Sold Prices

Land registry data shows two sales for 40 HOMEMEAD ROAD 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 HOMEMEAD ROAD 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
2021 19 FEB	£720,000	£902,506	20% below HPI
1998 24 JUL	£122,000	£224,677	46% below HPI

40 HOMEMEAD ROAD 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 HOMEMEAD ROAD sales from July 1998 and February 2021 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 July 1998 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the February 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 40 HOMEMEAD ROAD?

40 HOMEMEAD ROAD is 116m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 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 40 HOMEMEAD ROAD lies on this distribution: 31% of detached houses are smaller than 40 HOMEMEAD ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in London.

40 HOMEMEAD ROAD: Plot and Title Map

40 HOMEMEAD ROAD sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 40 HOMEMEAD ROAD, 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 HOMEMEAD ROAD). 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 HOMEMEAD ROAD?

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