15, ARRAN CLOSE, ERITH, DA8 3SL - £428,000

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.

15 ARRAN CLOSE is a midsized extended detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £508,639. It was last sold for £428,000 in August 2018, which was around 30% below the average August 2018 detached price in the Bexley local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

15 ARRAN CLOSE Sold Prices

Land registry data shows three sales for 15 ARRAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bexley local authority area for the corresponding sale date. All of the three 15 ARRAN CLOSE 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
2018 20 AUG	£428,000	£612,325	30% below HPI
2000 27 APR	£149,995	£186,196	19% below HPI
1995 31 MAY	£106,000	£117,513	10% below HPI

15 ARRAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bexley local authority area over time, sourced from the HPI. The three 15 ARRAN CLOSE sales between May 1995 and August 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 April 2000 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 15 ARRAN CLOSE be worth now?

15 ARRAN CLOSE might now be worth an estimated £508,639.

This is based on house price inflation of 18.8%, between August 2018 and April 2026, for detached houses, in the Bexley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.8% inflationary increase is applied to the most recent sale price for 15 ARRAN CLOSE of £428,000 on 20th August 2018. For the value to have increased from £428,000 to £508,639 over the eight years and four months to April 2026, the following assumptions must hold true:

• The value of 15 ARRAN CLOSE has moved in line with the HPI for detached houses in the Bexley local authority area.
• The August 2018 sale price of £428,000 represented a fair market value for the property.
• The size, condition, and specification of 15 ARRAN CLOSE has not materially changed since August 2018.

How Large is 15 ARRAN CLOSE?

15 ARRAN CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the largest 50% of detached houses houses in Erith, based on EPC data. The below chart shows the distribution of detached houses houses by size in Erith, and where 15 ARRAN CLOSE lies on this distribution: 54% of detached houses houses are smaller than 15 ARRAN CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Erith.

15 ARRAN CLOSE: Plot and Title Map

15 ARRAN CLOSE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 15 ARRAN CLOSE, 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 15 ARRAN CLOSE). 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 15 ARRAN CLOSE?

15 ARRAN CLOSE is located in ERITH, in the DA8 postcode district. The below map shows the position of No. 15 on ARRAN CLOSE.