3, IRIS AVENUE, BEXLEY, DA5 1HH - £385,000

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 IRIS AVENUE is a very small extended terraced house of 87m², built sometime between 1930 and 1949, which could now be worth an estimated £471,047. It was last sold for £385,000 in December 2018, which was around 15% above the average December 2018 terraced price in the Bexley local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

3 IRIS AVENUE Sold Prices

Land registry data shows two sales for 3 IRIS AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Bexley local authority area for the corresponding sale date. Both of the two 3 IRIS AVENUE 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
2018 10 DEC	£385,000	£335,537	15% above HPI
2011 2 SEP	£242,500	£197,220	23% above HPI

3 IRIS AVENUE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bexley local authority area over time, sourced from the HPI. The two 3 IRIS AVENUE sales from September 2011 and December 2018 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 2011 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the December 2018 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 3 IRIS AVENUE be worth now?

3 IRIS AVENUE might now be worth an estimated £471,047.

This is based on house price inflation of 22.3%, between December 2018 and May 2026, for terraced houses, in the Bexley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.3% inflationary increase is applied to the most recent sale price for 3 IRIS AVENUE of £385,000 on 10th December 2018. For the value to have increased from £385,000 to £471,047 over the eight years and seven months to May 2026, the following assumptions must hold true:

• The value of 3 IRIS AVENUE has moved in line with the HPI for terraced houses in the Bexley local authority area.
• The December 2018 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 3 IRIS AVENUE has not materially changed since December 2018.

How Large is 3 IRIS AVENUE?

3 IRIS AVENUE is 87m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 20% 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 3 IRIS AVENUE lies on this distribution: 11% of terraced houses houses are smaller than 3 IRIS AVENUE, and 89% of houses are larger. Note that EPC data is not available for all properties in London.

3 IRIS AVENUE: Plot and Title Map

3 IRIS AVENUE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 3 IRIS AVENUE, 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 IRIS AVENUE). 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 IRIS AVENUE?

3 IRIS AVENUE is located in BEXLEY, in the DA5 postcode district. The below map shows the position of No. 3 on IRIS AVENUE.