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
THE NEW HOUSE is a very small detached house of 78m², built sometime between 1991 and 1995. It was last sold for £355,000 in July 2006, which was around 46% below the average July 2006 detached price in the Merton local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows three sales for THE NEW HOUSE since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Merton local authority area for the corresponding sale date. All of the three THE NEW HOUSE 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 |
---|---|---|---|
2006 28 JUL | £355,000 | £654,346 | 46% below HPI |
2001 26 JAN | £185,000 | £451,366 | 59% below HPI |
1996 29 MAR | £95,000 | £217,486 | 56% below HPI |
The below graph shows the average detached house price in the Merton local authority area over time, sourced from the HPI. The three THE NEW HOUSE sales between March 1996 and July 2006 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 2001 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the July 2006 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.
THE NEW HOUSE is 78m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where THE NEW HOUSE lies on this distribution: 7% of detached houses are smaller than THE NEW HOUSE, and 93% of houses are larger. Note that EPC data is not available for all properties in London.
THE NEW HOUSE sits on a plot of roughly 0.025 of an acre, or 102m². The below map shows the location of THE NEW HOUSE, 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 THE NEW HOUSE). 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.
THE NEW HOUSE is located on BRONSON ROAD in LONDON, in the SW20 postcode district. The below map shows the position of THE NEW HOUSE on BRONSON ROAD.