MARTINS HILL LODGE, GLASSMILL LANE, BROMLEY, BR2 0EJ - £970,000

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

MARTINS HILL LODGE is a very small extended detached house of 85m², built sometime before 1900. It was last sold for £970,000 in November 2023, which was around 3% below the average November 2023 detached price in the Bromley local authority area. The most recent EPC inspection was November 2013, where the current energy rating was E, and the potential energy rating was B.

MARTINS HILL LODGE Sold Prices

Land registry data shows two sales for MARTINS HILL LODGE 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 MARTINS HILL LODGE 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 6 NOV	£970,000	£999,455	3% below HPI
2017 6 JAN	£425,000	£862,121	51% below HPI

MARTINS HILL LODGE 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 MARTINS HILL LODGE sales from January 2017 and November 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 January 2017 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the November 2023 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is MARTINS HILL LODGE?

MARTINS HILL LODGE is 85m², which includes three extensions, according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses in Bromley, based on EPC data. The below chart shows the distribution of detached houses by size in Bromley, and where MARTINS HILL LODGE lies on this distribution: 4% of detached houses are smaller than MARTINS HILL LODGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Bromley.

MARTINS HILL LODGE: Plot and Title Map

MARTINS HILL LODGE sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of MARTINS HILL LODGE, 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 MARTINS HILL LODGE). 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 MARTINS HILL LODGE?

MARTINS HILL LODGE is located on GLASSMILL LANE in BROMLEY, in the BR2 postcode district. The below map shows the position of MARTINS HILL LODGE on GLASSMILL LANE.