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
5 ALBERT ROAD is a very small extended detached house of 80m², built sometime between 1967 and 1975. It was last sold for £330,000 in July 2007, which was around 37% below the average July 2007 detached price in the Bromley local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows five sales for 5 ALBERT ROAD 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 5 ALBERT 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 |
---|---|---|---|
2007 27 JUL | £330,000 | £527,210 | 37% below HPI |
2004 17 DEC | £280,000 | £460,398 | 39% below HPI |
2003 20 JUN | £250,000 | £423,324 | 41% below HPI |
2000 21 SEP | £167,000 | £325,649 | 49% below HPI |
1996 16 MAY | £86,000 | £166,600 | 48% 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 5 ALBERT ROAD sales between May 1996 and July 2007 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 December 2004 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the July 2007 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.
5 ALBERT ROAD is 80m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 5 ALBERT ROAD lies on this distribution: 8% of detached houses are smaller than 5 ALBERT ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in London.
5 ALBERT ROAD sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 5 ALBERT 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 5 ALBERT 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.
5 ALBERT ROAD is located in CHELSFIELD, in the BR6 postcode district. The below map shows the position of No. 5 on ALBERT ROAD.