50, HOMEMEAD ROAD, BROMLEY, BR2 8BA - £605,000

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

50 HOMEMEAD ROAD is a very small extended detached house of 98m², built sometime between 1930 and 1949. It was last sold for £605,000 in November 2018, which was around 32% below the average November 2018 detached price in the Bromley local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

50 HOMEMEAD ROAD Sold Prices

Land registry data shows three sales for 50 HOMEMEAD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. All of the three 50 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
2018 23 NOV	£605,000	£889,787	32% below HPI
2009 17 DEC	£330,000	£502,375	34% below HPI
1996 7 NOV	£105,000	£176,130	40% below HPI

50 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 three 50 HOMEMEAD ROAD sales between November 1996 and November 2018 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 2009 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2018 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 50 HOMEMEAD ROAD?

50 HOMEMEAD ROAD is 98m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 50 HOMEMEAD ROAD lies on this distribution: 18% of detached houses are smaller than 50 HOMEMEAD ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in London.

50 HOMEMEAD ROAD: Plot and Title Map

50 HOMEMEAD ROAD sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 50 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 50 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 50 HOMEMEAD ROAD?

50 HOMEMEAD ROAD is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 50 on HOMEMEAD ROAD.