5, OTFORD CLOSE, BEXLEY, DA5 1NH - £470,000

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 OTFORD CLOSE is a very small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £470,000 in December 2021, which was around 28% below the average December 2021 detached price in the Bexley local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

5 OTFORD CLOSE Sold Prices

Land registry data shows three sales for 5 OTFORD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bexley local authority area for the corresponding sale date. All of the three 5 OTFORD 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
2021 16 DEC	£470,000	£654,193	28% below HPI
2013 11 OCT	£275,000	£361,222	24% below HPI
2000 13 SEP	£149,000	£195,000	24% below HPI

5 OTFORD 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 three 5 OTFORD CLOSE sales between September 2000 and December 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 October 2013 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 5 OTFORD CLOSE?

5 OTFORD CLOSE is 77m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 10% of detached houses in Bexley, based on EPC data. The below chart shows the distribution of detached houses by size in Bexley, and where 5 OTFORD CLOSE lies on this distribution: 5% of detached houses are smaller than 5 OTFORD CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Bexley.

5 OTFORD CLOSE: Plot and Title Map

5 OTFORD CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 5 OTFORD 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 OTFORD 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 OTFORD CLOSE?

5 OTFORD CLOSE is located in BEXLEY, in the DA5 postcode district. The below map shows the position of No. 5 on OTFORD CLOSE.