8, ELM BANK DRIVE, BROMLEY, BR1 2ST - £1,145,000

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

8 ELM BANK DRIVE is a large extended detached house of 177m², built sometime between 1991 and 1995. It was last sold for £1,145,000 in December 2023, which was around 15% above the average December 2023 detached price in the Bromley local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

8 ELM BANK DRIVE Sold Prices

Land registry data shows six sales for 8 ELM BANK DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. All of the six 8 ELM BANK DRIVE sales were for above 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 8 DEC	£1,145,000	£997,242	15% above HPI
2019 29 AUG	£1,010,000	£873,393	16% above HPI
2013 5 DEC	£741,000	£620,215	19% above HPI
2013 16 AUG	£700,000	£597,741	17% above HPI
2006 19 MAY	£608,500	£459,704	32% above HPI
1995 28 JUL	£260,000	£167,821	55% above HPI

8 ELM BANK DRIVE 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 six 8 ELM BANK DRIVE sales between July 1995 and December 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 August 2019 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the December 2023 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 8 ELM BANK DRIVE?

8 ELM BANK DRIVE is 177m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 40% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 8 ELM BANK DRIVE lies on this distribution: 67% of detached houses are smaller than 8 ELM BANK DRIVE, and 33% of houses are larger. Note that EPC data is not available for all properties in London.

8 ELM BANK DRIVE: Plot and Title Map

8 ELM BANK DRIVE sits on a plot of roughly 0.135 of an acre, or 546m². The below map shows the location of 8 ELM BANK DRIVE, 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 8 ELM BANK DRIVE). 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 8 ELM BANK DRIVE?

8 ELM BANK DRIVE is located in BROMLEY, in the BR1 postcode district. The below map shows the position of No. 8 on ELM BANK DRIVE.