17, LETCHWORTH CLOSE, BROMLEY, BR2 9BD - £388,000

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.

17 LETCHWORTH CLOSE is a very small extended terraced house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £471,517. It was last sold for £388,000 in December 2018, which was around 4% below the average December 2018 terraced price in the Bromley local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was B.

17 LETCHWORTH CLOSE Sold Prices

Land registry data shows two sales for 17 LETCHWORTH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Bromley local authority area for the corresponding sale date. Both of the two 17 LETCHWORTH 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 12 DEC	£388,000	£404,221	4% below HPI
2017 6 SEP	£400,000	£402,048	1% below HPI

17 LETCHWORTH CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bromley local authority area over time, sourced from the HPI. The two 17 LETCHWORTH CLOSE sales from September 2017 and December 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 September 2017 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2018 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 17 LETCHWORTH CLOSE be worth now?

17 LETCHWORTH CLOSE might now be worth an estimated £471,517.

This is based on house price inflation of 21.5%, between December 2018 and April 2026, for terraced 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 21.5% inflationary increase is applied to the most recent sale price for 17 LETCHWORTH CLOSE of £388,000 on 12th December 2018. For the value to have increased from £388,000 to £471,517 over the eight years and eight months to April 2026, the following assumptions must hold true:

• The value of 17 LETCHWORTH CLOSE has moved in line with the HPI for terraced houses in the Bromley local authority area.
• The December 2018 sale price of £388,000 represented a fair market value for the property.
• The size, condition, and specification of 17 LETCHWORTH CLOSE has not materially changed since December 2018.

How Large is 17 LETCHWORTH CLOSE?

17 LETCHWORTH CLOSE is 98m², which includes two extensions, according to the EPC inspection conducted in February 2017. This puts it in the smallest 20% of terraced houses houses in London, based on EPC data. The below chart shows the distribution of terraced houses houses by size in London, and where 17 LETCHWORTH CLOSE lies on this distribution: 18% of terraced houses houses are smaller than 17 LETCHWORTH CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in London.

17 LETCHWORTH CLOSE: Plot and Title Map

17 LETCHWORTH CLOSE sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 17 LETCHWORTH 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 17 LETCHWORTH 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 17 LETCHWORTH CLOSE?

17 LETCHWORTH CLOSE is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 17 on LETCHWORTH CLOSE.