8, NOVAR CLOSE, ORPINGTON, BR6 0XA - £645,000

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 NOVAR CLOSE is a very small detached house of 89m², built sometime between 1983 and 1990. It was last sold for £645,000 in May 2021, which was around 29% below the average May 2021 detached price in the Bromley local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

8 NOVAR CLOSE Sold Prices

Land registry data shows two sales for 8 NOVAR 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 Bromley local authority area for the corresponding sale date. Both of the two 8 NOVAR 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
2021 10 MAY	£645,000	£914,465	29% below HPI
2015 4 JUN	£435,000	£752,504	42% below HPI

8 NOVAR CLOSE 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 two 8 NOVAR CLOSE sales from June 2015 and May 2021 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 June 2015 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the May 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 8 NOVAR CLOSE?

8 NOVAR CLOSE is 89m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% of detached houses in Orpington, based on EPC data. The below chart shows the distribution of detached houses by size in Orpington, and where 8 NOVAR CLOSE lies on this distribution: 15% of detached houses are smaller than 8 NOVAR CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Orpington.

8 NOVAR CLOSE: Plot and Title Map

8 NOVAR CLOSE sits on a plot of roughly 0.140 of an acre, or 568m². The below map shows the location of 8 NOVAR 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 8 NOVAR 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 8 NOVAR CLOSE?

8 NOVAR CLOSE is located in ORPINGTON, in the BR6 postcode district. The below map shows the position of No. 8 on NOVAR CLOSE.