8, MINISTRY WAY, LONDON, SE9 3LS - £350,000

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

8 MINISTRY WAY is a small extended detached house of 114m², built sometime between 1983 and 1990. It was last sold for £350,000 in April 2011, which was around 25% below the average April 2011 detached price in the Greenwich local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

8 MINISTRY WAY Sold Prices

Land registry data shows three sales for 8 MINISTRY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Greenwich local authority area for the corresponding sale date. All of the three 8 MINISTRY WAY 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
2011 1 APR	£350,000	£468,314	25% below HPI
2000 11 APR	£199,950	£216,791	8% below HPI
1995 28 APR	£117,000	£125,897	7% below HPI

8 MINISTRY WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Greenwich local authority area over time, sourced from the HPI. The three 8 MINISTRY WAY sales between April 1995 and April 2011 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 April 2000 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the April 2011 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 8 MINISTRY WAY?

8 MINISTRY WAY is 114m², which includes two extensions, according to the EPC inspection conducted in March 2010. This puts it in the smallest 40% of detached houses in Eltham, based on EPC data. The below chart shows the distribution of detached houses by size in Eltham, and where 8 MINISTRY WAY lies on this distribution: 31% of detached houses are smaller than 8 MINISTRY WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Eltham.

8 MINISTRY WAY: Plot and Title Map

8 MINISTRY WAY sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 8 MINISTRY WAY, 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 MINISTRY WAY). 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 MINISTRY WAY?

8 MINISTRY WAY is located in LONDON, in the SE9 postcode district. The below map shows the position of No. 8 on MINISTRY WAY.