2, CHEYNE CLOSE, BROMLEY, BR2 8QA - £530,000

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.

2 CHEYNE CLOSE is a midsized extended detached house of 131m², built sometime between 1950 and 1966, which could now be worth an estimated £727,166. It was last sold for £530,000 in July 2015, which was around 33% below the average July 2015 detached price in the Bromley local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was C.

2 CHEYNE CLOSE Sold Prices

Land registry data shows two sales for 2 CHEYNE CLOSE 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. Both of the two 2 CHEYNE 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
2015 24 JUL	£530,000	£786,765	33% below HPI
1999 16 JUL	£178,000	£263,483	32% below HPI

2 CHEYNE CLOSE 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 2 CHEYNE CLOSE sales from July 1999 and July 2015 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 July 1999 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2015 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 2 CHEYNE CLOSE be worth now?

2 CHEYNE CLOSE might now be worth an estimated £727,166.

This is based on house price inflation of 37.2%, between July 2015 and April 2026, for detached 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 37.2% inflationary increase is applied to the most recent sale price for 2 CHEYNE CLOSE of £530,000 on 24th July 2015. For the value to have increased from £530,000 to £727,166 over the eleven years and three months to April 2026, the following assumptions must hold true:

• The value of 2 CHEYNE CLOSE has moved in line with the HPI for detached houses in the Bromley local authority area.
• The July 2015 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHEYNE CLOSE has not materially changed since July 2015.

How Large is 2 CHEYNE CLOSE?

2 CHEYNE CLOSE is 131m², which includes two extensions, according to the EPC inspection conducted in February 2014. This puts it in the smallest 50% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 2 CHEYNE CLOSE lies on this distribution: 41% of detached houses houses are smaller than 2 CHEYNE CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in London.

2 CHEYNE CLOSE: Plot and Title Map

2 CHEYNE CLOSE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 2 CHEYNE 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 2 CHEYNE 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 2 CHEYNE CLOSE?

2 CHEYNE CLOSE is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 2 on CHEYNE CLOSE.