3, LODGE CLOSE, WALLINGTON, SM6 7BD - £393,000

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 LODGE CLOSE is a very small terraced house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £428,707. It was last sold for £393,000 in February 2022, which was around 6% below the average February 2022 terraced price in the Sutton local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

3 LODGE CLOSE Sold Prices

Land registry data shows two sales for 3 LODGE 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 Sutton local authority area for the corresponding sale date. Both of the two 3 LODGE 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
2022 28 FEB	£393,000	£417,929	6% below HPI
2007 16 MAR	£192,000	£218,720	12% below HPI

3 LODGE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sutton local authority area over time, sourced from the HPI. The two 3 LODGE CLOSE sales from March 2007 and February 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 March 2007 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2022 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 3 LODGE CLOSE be worth now?

3 LODGE CLOSE might now be worth an estimated £428,707.

This is based on house price inflation of 9.1%, between February 2022 and May 2026, for terraced houses, in the Sutton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.1% inflationary increase is applied to the most recent sale price for 3 LODGE CLOSE of £393,000 on 28th February 2022. For the value to have increased from £393,000 to £428,707 over the three years and nine months to May 2026, the following assumptions must hold true:

• The value of 3 LODGE CLOSE has moved in line with the HPI for terraced houses in the Sutton local authority area.
• The February 2022 sale price of £393,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LODGE CLOSE has not materially changed since February 2022.

How Large is 3 LODGE CLOSE?

3 LODGE CLOSE is 77m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% 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 LODGE CLOSE lies on this distribution: 6% of terraced houses houses are smaller than 3 LODGE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in London.

3 LODGE CLOSE: Plot and Title Map

3 LODGE CLOSE sits on a plot of roughly 0.319 of an acre, or 1,289m². The below map shows the location of 3 LODGE 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 LODGE 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 LODGE CLOSE?

3 LODGE CLOSE is located in WALLINGTON, in the SM6 postcode district. The below map shows the position of No. 3 on LODGE CLOSE.