2, LETCHWORTH CLOSE, BROMLEY, BR2 9BD - £750,000

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 LETCHWORTH CLOSE is a midsized detached house of 161m², built sometime between 1991 and 1995, which could now be worth an estimated £787,858. It was last sold for £750,000 in February 2022, which was around 27% below the average February 2022 detached price in the Bromley local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

2 LETCHWORTH CLOSE Sold Prices

Land registry data shows two sales for 2 LETCHWORTH 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 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
2022 14 FEB	£750,000	£1,027,580	27% below HPI
2013 18 JUL	£527,000	£613,098	14% below HPI

2 LETCHWORTH 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 LETCHWORTH CLOSE sales from July 2013 and February 2022 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 2013 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 LETCHWORTH CLOSE be worth now?

2 LETCHWORTH CLOSE might now be worth an estimated £787,858.

This is based on house price inflation of 5%, between February 2022 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 5% inflationary increase is applied to the most recent sale price for 2 LETCHWORTH CLOSE of £750,000 on 14th February 2022. For the value to have increased from £750,000 to £787,858 over the three years and ten months to April 2026, the following assumptions must hold true:

• The value of 2 LETCHWORTH CLOSE has moved in line with the HPI for detached houses in the Bromley local authority area.
• The February 2022 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LETCHWORTH CLOSE has not materially changed since February 2022.

How Large is 2 LETCHWORTH CLOSE?

2 LETCHWORTH CLOSE is 161m² according to the EPC inspection conducted in October 2020. This puts it in the largest 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 LETCHWORTH CLOSE lies on this distribution: 59% of detached houses houses are smaller than 2 LETCHWORTH CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in London.

2 LETCHWORTH CLOSE: Plot and Title Map

2 LETCHWORTH CLOSE sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 2 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 2 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 2 LETCHWORTH CLOSE?

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