56, MADEIRA AVENUE, BROMLEY, BR1 4AY - £705,000

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

56 MADEIRA AVENUE is a small extended detached house of 135m², built sometime between 1967 and 1975. It was last sold for £705,000 in May 2023, which was around 31% below the average May 2023 detached price in the Bromley local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

56 MADEIRA AVENUE Sold Prices

Land registry data shows four sales for 56 MADEIRA AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. All of the four 56 MADEIRA AVENUE 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
2023 19 MAY	£705,000	£1,016,260	31% below HPI
2017 7 DEC	£575,000	£874,746	34% below HPI
2016 5 MAY	£575,000	£834,740	31% below HPI
2014 15 APR	£396,000	£647,626	39% below HPI

56 MADEIRA AVENUE 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 four 56 MADEIRA AVENUE sales between April 2014 and May 2023 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 2017 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2023 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 56 MADEIRA AVENUE?

56 MADEIRA AVENUE is 135m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 40% of detached houses in Bromley, based on EPC data. The below chart shows the distribution of detached houses by size in Bromley, and where 56 MADEIRA AVENUE lies on this distribution: 30% of detached houses are smaller than 56 MADEIRA AVENUE, and 69% of houses are larger. Note that EPC data is not available for all properties in Bromley.

56 MADEIRA AVENUE: Plot and Title Map

56 MADEIRA AVENUE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 56 MADEIRA AVENUE, 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 56 MADEIRA AVENUE). 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 56 MADEIRA AVENUE?

56 MADEIRA AVENUE is located in BROMLEY, in the BR1 postcode district. The below map shows the position of No. 56 on MADEIRA AVENUE.