5, IRIS CLOSE, CROYDON, CR0 8XW - £567,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 IRIS CLOSE is a small extended detached house of 127m², built sometime between 1983 and 1990, which could now be worth an estimated £618,206. It was last sold for £567,500 in February 2017, which was around 27% below the average February 2017 detached price in the Croydon local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

5 IRIS CLOSE Sold Prices

Land registry data shows two sales for 5 IRIS 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 Croydon local authority area for the corresponding sale date. Both of the two 5 IRIS 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
2017 24 FEB	£567,500	£781,643	27% below HPI
2003 7 NOV	£330,000	£405,118	19% below HPI

5 IRIS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Croydon local authority area over time, sourced from the HPI. The two 5 IRIS CLOSE sales from November 2003 and February 2017 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 November 2003 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2017 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 5 IRIS CLOSE be worth now?

5 IRIS CLOSE might now be worth an estimated £618,206.

This is based on house price inflation of 8.9%, between February 2017 and December 2024, for detached houses, in the Croydon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.9% inflationary increase is applied to the most recent sale price for 5 IRIS CLOSE of £567,500 on 24th February 2017. For the value to have increased from £567,500 to £618,206 over the six years and two months to December 2024, the following assumptions must hold true:

• The value of 5 IRIS CLOSE has moved in line with the HPI for detached houses in the Croydon local authority area.
• The February 2017 sale price of £567,500 represented a fair market value for the property.
• The size, condition, and specification of 5 IRIS CLOSE has not materially changed since February 2017.

How Large is 5 IRIS CLOSE?

5 IRIS CLOSE is 127m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 40% 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 5 IRIS CLOSE lies on this distribution: 39% of detached houses houses are smaller than 5 IRIS CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in London.

5 IRIS CLOSE: Plot and Title Map

5 IRIS CLOSE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 5 IRIS 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 5 IRIS 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 5 IRIS CLOSE?

5 IRIS CLOSE is located in CROYDON, in the CR0 postcode district. The below map shows the position of No. 5 on IRIS CLOSE.