9, MONKS WAY, ORPINGTON, BR5 1HN - £492,000

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

9 MONKS WAY is a very small detached house of 92m², built sometime between 1950 and 1966. It was last sold for £492,000 in January 2015, which was around 33% below the average January 2015 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 B.

9 MONKS WAY Sold Prices

Land registry data shows three sales for 9 MONKS 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 Bromley local authority area for the corresponding sale date. All of the three 9 MONKS 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
2015 7 JAN	£492,000	£735,482	33% below HPI
1997 17 JUN	£169,950	£189,969	11% below HPI
1995 17 JUN	£135,000	£166,237	19% below HPI

9 MONKS WAY 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 three 9 MONKS WAY sales between June 1995 and January 2015 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 1997 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2015 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 9 MONKS WAY?

9 MONKS WAY is 92m² according to the EPC inspection conducted in October 2014. 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 9 MONKS WAY lies on this distribution: 14% of detached houses are smaller than 9 MONKS WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in London.

9 MONKS WAY: Plot and Title Map

9 MONKS WAY sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 9 MONKS 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 9 MONKS 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 9 MONKS WAY?

9 MONKS WAY is located in ORPINGTON, in the BR5 postcode district. The below map shows the position of No. 9 on MONKS WAY.