3, GROVE CLOSE, BROMLEY, BR2 7AR - £1,275,000

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.

3 GROVE CLOSE is a large extended semi-detached house of 172m², built sometime between 1930 and 1949, which could now be worth an estimated £1,353,881. It was last sold for £1,275,000 in May 2022, which was around 105% above the average May 2022 semi-detached price in the Bromley local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

3 GROVE CLOSE Sold Prices

Land registry data shows three sales for 3 GROVE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Bromley local authority area for the corresponding sale date. All of the three 3 GROVE 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
2022 20 MAY	£1,275,000	£622,799	105% above HPI
2015 2 SEP	£775,000	£481,580	61% above HPI
1995 24 FEB	£125,000	£98,608	27% above HPI

3 GROVE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Bromley local authority area over time, sourced from the HPI. The three 3 GROVE CLOSE sales between February 1995 and May 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 September 2015 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the May 2022 sale, where it rises to 105% above the HPI. The line then continues to track at 105% above the HPI.

What might 3 GROVE CLOSE be worth now?

3 GROVE CLOSE might now be worth an estimated £1,353,881.

This is based on house price inflation of 6.2%, between May 2022 and April 2026, for semi-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 6.2% inflationary increase is applied to the most recent sale price for 3 GROVE CLOSE of £1,275,000 on 20th May 2022. For the value to have increased from £1,275,000 to £1,353,881 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 3 GROVE CLOSE has moved in line with the HPI for semi-detached houses in the Bromley local authority area.
• The May 2022 sale price of £1,275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GROVE CLOSE has not materially changed since May 2022.

How Large is 3 GROVE CLOSE?

3 GROVE CLOSE is 172m², which includes three extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 40% of semi-detached houses houses in London, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in London, and where 3 GROVE CLOSE lies on this distribution: 64% of semi-detached houses houses are smaller than 3 GROVE CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in London.

3 GROVE CLOSE: Plot and Title Map

3 GROVE CLOSE sits on a plot of roughly 0.168 of an acre, or 681m². The below map shows the location of 3 GROVE 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 3 GROVE 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 3 GROVE CLOSE?

3 GROVE CLOSE is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 3 on GROVE CLOSE.