7, MONTROSE CLOSE, WELLING, DA16 2QR - £562,500

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

7 MONTROSE CLOSE is a very small extended detached house of 99m², built sometime between 1930 and 1949. It was last sold for £562,500 in July 2023, which was around 16% below the average July 2023 detached price in the Bexley local authority area. The most recent EPC inspection was February 2023, where the current energy rating was E, and the potential energy rating was C.

7 MONTROSE CLOSE Sold Prices

Land registry data shows two sales for 7 MONTROSE 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 Bexley local authority area for the corresponding sale date. Both of the two 7 MONTROSE 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
2023 10 JUL	£562,500	£670,903	16% below HPI
2014 30 SEP	£329,995	£426,671	23% below HPI

7 MONTROSE 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 two 7 MONTROSE CLOSE sales from September 2014 and July 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 September 2014 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2023 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 7 MONTROSE CLOSE?

7 MONTROSE CLOSE is 99m², which includes two extensions, according to the EPC inspection conducted in February 2023. 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 7 MONTROSE CLOSE lies on this distribution: 19% of detached houses are smaller than 7 MONTROSE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in London.

7 MONTROSE CLOSE: Plot and Title Map

7 MONTROSE CLOSE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 7 MONTROSE 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 7 MONTROSE 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 7 MONTROSE CLOSE?

7 MONTROSE CLOSE is located in WELLING, in the DA16 postcode district. The below map shows the position of No. 7 on MONTROSE CLOSE.