2, OLEANDER CLOSE, ORPINGTON, BR6 7TQ - £665,000

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 OLEANDER CLOSE is a small detached house of 107m², built sometime between 1967 and 1975, which could now be worth an estimated £768,051. It was last sold for £665,000 in February 2021, which was around 29% below the average February 2021 detached price in the Bromley local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

2 OLEANDER CLOSE Sold Prices

Land registry data shows two sales for 2 OLEANDER 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 OLEANDER 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
2021 12 FEB	£665,000	£940,307	29% below HPI
2003 9 MAY	£326,500	£440,043	26% below HPI

2 OLEANDER 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 OLEANDER CLOSE sales from May 2003 and February 2021 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 May 2003 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2021 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 OLEANDER CLOSE be worth now?

2 OLEANDER CLOSE might now be worth an estimated £768,051.

This is based on house price inflation of 15.5%, between February 2021 and May 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 15.5% inflationary increase is applied to the most recent sale price for 2 OLEANDER CLOSE of £665,000 on 12th February 2021. For the value to have increased from £665,000 to £768,051 over the four years and nine months to May 2026, the following assumptions must hold true:

• The value of 2 OLEANDER CLOSE has moved in line with the HPI for detached houses in the Bromley local authority area.
• The February 2021 sale price of £665,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OLEANDER CLOSE has not materially changed since February 2021.

How Large is 2 OLEANDER CLOSE?

2 OLEANDER CLOSE is 107m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 30% 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 OLEANDER CLOSE lies on this distribution: 23% of detached houses houses are smaller than 2 OLEANDER CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in London.

2 OLEANDER CLOSE: Plot and Title Map

2 OLEANDER CLOSE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 2 OLEANDER 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 OLEANDER 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 OLEANDER CLOSE?

2 OLEANDER CLOSE is located in ORPINGTON, in the BR6 postcode district. The below map shows the position of No. 2 on OLEANDER CLOSE.