1B, SPENCER ROAD, BROMLEY, BR1 3SU - £390,000

1B SPENCER ROAD is a very small extended semi-detached house of 108m², built sometime between 1996 and 2002. It was last sold for £390,000 in March 2014, which was around 38% below the average March 2014 detached price in the Bromley local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

1B SPENCER ROAD Sold Prices

Land registry data shows five sales for 1B SPENCER ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. All of the five 1B SPENCER ROAD 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
2014 7 MAR	£390,000	£631,251	38% below HPI
2002 27 NOV	£299,950	£407,584	26% below HPI
2001 21 DEC	£236,000	£354,928	34% below HPI
2001 15 JAN	£270,000	£321,634	16% below HPI
1995 25 OCT	£124,600	£167,522	26% below HPI

1B SPENCER ROAD 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 five 1B SPENCER ROAD sales between October 1995 and March 2014 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 November 2002 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2014 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 1B SPENCER ROAD?

1B SPENCER ROAD is 108m², which includes three extensions, according to the EPC inspection conducted in November 2013. This puts it in the smallest 20% of detached houses in Bromley, based on EPC data. The below chart shows the distribution of detached houses by size in Bromley, and where 1B SPENCER ROAD lies on this distribution: 11% of detached houses are smaller than 1B SPENCER ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in Bromley.

1B SPENCER ROAD: Plot and Title Map

1B SPENCER ROAD sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 1B SPENCER ROAD, 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 1B SPENCER ROAD). 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 1B SPENCER ROAD?

1B SPENCER ROAD is located in BROMLEY, in the BR1 postcode district. The below map shows the position of No. 1B on SPENCER ROAD.