8, PADDOCK CLOSE, FARNBOROUGH, ORPINGTON, BR6 7TL - £397,500

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 PADDOCK CLOSE is a very small detached house of 92m², built sometime between 1976 and 1982. It was last sold for £397,500 in May 2010, which was around 25% below the average May 2010 detached price in the Bromley local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

8 PADDOCK CLOSE Sold Prices

Land registry data shows two sales for 8 PADDOCK 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 PADDOCK 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
2010 5 MAY	£397,500	£529,763	25% below HPI
2002 5 AUG	£275,000	£390,960	30% below HPI

8 PADDOCK 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 PADDOCK CLOSE sales from August 2002 and May 2010 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 2002 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2010 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 8 PADDOCK CLOSE?

8 PADDOCK CLOSE is 92m² according to the EPC inspection conducted in March 2010. 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 8 PADDOCK CLOSE lies on this distribution: 15% of detached houses are smaller than 8 PADDOCK CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in London.

8 PADDOCK CLOSE: Plot and Title Map

8 PADDOCK CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 8 PADDOCK 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 PADDOCK 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 PADDOCK CLOSE?

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