23, MERIDEN CLOSE, BROMLEY, BR1 2UF - £605,000

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.

23 MERIDEN CLOSE is a midsized terraced house of 140m², built sometime between 1976 and 1982, which could now be worth an estimated £877,123. It was last sold for £605,000 in November 2014, which was around 77% above the average November 2014 terraced price in the Bromley local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

23 MERIDEN CLOSE Sold Prices

Land registry data shows two sales for 23 MERIDEN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Bromley local authority area for the corresponding sale date. Both of the two 23 MERIDEN CLOSE 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
2014 6 NOV	£605,000	£341,372	77% above HPI
2012 16 JAN	£410,000	£247,874	65% above HPI

23 MERIDEN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bromley local authority area over time, sourced from the HPI. The two 23 MERIDEN CLOSE sales from January 2012 and November 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 January 2012 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the November 2014 sale, where it rises to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might 23 MERIDEN CLOSE be worth now?

23 MERIDEN CLOSE might now be worth an estimated £877,123.

This is based on house price inflation of 45%, between November 2014 and May 2026, for terraced 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 45% inflationary increase is applied to the most recent sale price for 23 MERIDEN CLOSE of £605,000 on 6th November 2014. For the value to have increased from £605,000 to £877,123 over the twelve years and six months to May 2026, the following assumptions must hold true:

• The value of 23 MERIDEN CLOSE has moved in line with the HPI for terraced houses in the Bromley local authority area.
• The November 2014 sale price of £605,000 represented a fair market value for the property.
• The size, condition, and specification of 23 MERIDEN CLOSE has not materially changed since November 2014.

How Large is 23 MERIDEN CLOSE?

23 MERIDEN CLOSE is 140m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 50% of terraced houses houses in London, based on EPC data. The below chart shows the distribution of terraced houses houses by size in London, and where 23 MERIDEN CLOSE lies on this distribution: 46% of terraced houses houses are smaller than 23 MERIDEN CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in London.

23 MERIDEN CLOSE: Plot and Title Map

23 MERIDEN CLOSE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 23 MERIDEN 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 23 MERIDEN 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 23 MERIDEN CLOSE?

23 MERIDEN CLOSE is located in BROMLEY, in the BR1 postcode district. The below map shows the position of No. 23 on MERIDEN CLOSE.