49, HIGHBANKS CLOSE, WELLING, DA16 3ES - £499,999

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

49 HIGHBANKS CLOSE is a very small extended detached house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £517,437. It was last sold for £499,999 in January 2022, which was around 27% below the average January 2022 detached price in the Bexley local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was C.

49 HIGHBANKS CLOSE Sold Prices

Land registry data shows two sales for 49 HIGHBANKS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bexley local authority area for the corresponding sale date. Both of the two 49 HIGHBANKS CLOSE 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 28 JAN	£499,999	£687,686	27% below HPI
1999 1 SEP	£137,500	£167,476	18% below HPI

49 HIGHBANKS 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 two 49 HIGHBANKS CLOSE sales from September 1999 and January 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 September 1999 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the January 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 49 HIGHBANKS CLOSE be worth now?

49 HIGHBANKS CLOSE might now be worth an estimated £517,437.

This is based on house price inflation of 3.5%, between January 2022 and March 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 3.5% inflationary increase is applied to the most recent sale price for 49 HIGHBANKS CLOSE of £499,999 on 28th January 2022. For the value to have increased from £499,999 to £517,437 over the two years and ten months to March 2025, the following assumptions must hold true:

• The value of 49 HIGHBANKS CLOSE has moved in line with the HPI for detached houses in the Bexley local authority area.
• The January 2022 sale price of £499,999 represented a fair market value for the property.
• The size, condition, and specification of 49 HIGHBANKS CLOSE has not materially changed since January 2022.

How Large is 49 HIGHBANKS CLOSE?

49 HIGHBANKS CLOSE is 90m², which includes two extensions, according to the EPC inspection conducted in May 2013. This puts it in the smallest 20% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 49 HIGHBANKS CLOSE lies on this distribution: 13% of detached houses houses are smaller than 49 HIGHBANKS CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in London.

49 HIGHBANKS CLOSE: Plot and Title Map

49 HIGHBANKS CLOSE sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 49 HIGHBANKS 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 49 HIGHBANKS 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 49 HIGHBANKS CLOSE?

49 HIGHBANKS CLOSE is located in WELLING, in the DA16 postcode district. The below map shows the position of No. 49 on HIGHBANKS CLOSE.