REDWOOD, THE DRIVE, CHISLEHURST, BR7 6QS - £1,065,000

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

REDWOOD is a very large extended detached house of 196m², built sometime between 1900 and 1929. It was last sold for £1,065,000 in February 2018, which was around 22% above the average February 2018 detached price in the Bromley local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was C.

REDWOOD Sold Prices

Land registry data shows two sales for REDWOOD 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. One of the two REDWOOD sales was for above the average price, whilst the other was 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
2018 26 FEB	£1,065,000	£875,848	22% above HPI
2007 5 JAN	£485,000	£494,709	2% below HPI

REDWOOD 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 REDWOOD sales from January 2007 and February 2018 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 2007 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2018 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is REDWOOD?

REDWOOD is 196m², which includes two extensions, according to the EPC inspection conducted in March 2024. This puts it in the largest 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 REDWOOD lies on this distribution: 87% of detached houses are smaller than REDWOOD, and 13% of houses are larger. Note that EPC data is not available for all properties in Orpington.

REDWOOD: Plot and Title Map

REDWOOD sits on a plot of roughly 0.151 of an acre, or 612m². The below map shows the location of REDWOOD, 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 REDWOOD). 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 REDWOOD?

REDWOOD is located on THE DRIVE in CHISLEHURST, in the BR7 postcode district. The below map shows the position of REDWOOD on THE DRIVE.