2, PALMER DRIVE, BROMLEY, BR1 2FP - £940,000

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 PALMER DRIVE is a large detached house of 208m², built sometime from 2007 onwards, which could now be worth an estimated £1,231,556. It was last sold for £940,000 in October 2015, which was around 13% above the average October 2015 detached price in the Bromley local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

2 PALMER DRIVE Sold Prices

Land registry data shows two sales for 2 PALMER DRIVE 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 PALMER DRIVE sales were for above 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 29 OCT	£940,000	£828,918	13% above HPI
2007 7 DEC	£813,950	£584,902	39% above HPI

2 PALMER DRIVE 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 PALMER DRIVE sales from December 2007 and October 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 December 2007 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the October 2015 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 2 PALMER DRIVE be worth now?

2 PALMER DRIVE might now be worth an estimated £1,231,556.

This is based on house price inflation of 31%, between October 2015 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 31% inflationary increase is applied to the most recent sale price for 2 PALMER DRIVE of £940,000 on 29th October 2015. For the value to have increased from £940,000 to £1,231,556 over the eleven years and five months to May 2026, the following assumptions must hold true:

• The value of 2 PALMER DRIVE has moved in line with the HPI for detached houses in the Bromley local authority area.
• The October 2015 sale price of £940,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PALMER DRIVE has not materially changed since October 2015.

How Large is 2 PALMER DRIVE?

2 PALMER DRIVE is 208m² according to the EPC inspection conducted in November 2009. This puts it in the largest 40% of detached houses houses in Chislehurst, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chislehurst, and where 2 PALMER DRIVE lies on this distribution: 64% of detached houses houses are smaller than 2 PALMER DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Chislehurst.

2 PALMER DRIVE: Plot and Title Map

2 PALMER DRIVE sits on a plot of roughly 0.179 of an acre, or 725m². The below map shows the location of 2 PALMER DRIVE, 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 PALMER DRIVE). 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 PALMER DRIVE?

2 PALMER DRIVE is located in BROMLEY, in the BR1 postcode district. The below map shows the position of No. 2 on PALMER DRIVE.