GREYSTONES, MAIN ROAD, ORPINGTON, BR5 3ET - £550,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GREYSTONES is a very small extended detached house of 81m², built sometime between 1930 and 1949, which could now be worth an estimated £536,210. It was last sold for £550,000 in February 2023, which was around 49% below the average February 2023 detached price in the Bromley local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

GREYSTONES Sold Prices

Land registry data shows two sales for GREYSTONES 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 GREYSTONES 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
2023 24 FEB	£550,000	£1,084,470	49% below HPI
2003 9 MAY	£162,500	£440,043	63% below HPI

GREYSTONES 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 GREYSTONES sales from May 2003 and February 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 May 2003 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the February 2023 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might GREYSTONES be worth now?

GREYSTONES might now be worth an estimated £536,210.

This is based on house price deflation of 2.5%, between February 2023 and February 2025, for detached houses, in the Bromley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.5% deflationary decrease is applied to the most recent sale price for GREYSTONES of £550,000 on 24th February 2023. For the value to have decreased from £550,000 to £536,210 over the two years to February 2025, the following assumptions must hold true:

• The value of GREYSTONES has moved in line with the HPI for detached houses in the Bromley local authority area.
• The February 2023 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of GREYSTONES has not materially changed since February 2023.

How Large is GREYSTONES?

GREYSTONES is 81m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of detached houses houses in Orpington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Orpington, and where GREYSTONES lies on this distribution: 8% of detached houses houses are smaller than GREYSTONES, and 91% of houses are larger. Note that EPC data is not available for all properties in Orpington.

GREYSTONES: Plot and Title Map

GREYSTONES sits on a plot of roughly 0.129 of an acre, or 524m². The below map shows the location of GREYSTONES, 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 GREYSTONES). 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 GREYSTONES?

GREYSTONES is located on MAIN ROAD in ORPINGTON, in the BR5 postcode district. The below map shows the position of GREYSTONES on MAIN ROAD.