3, MEREWOOD CLOSE, BROMLEY, BR1 2AN - £592,500

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 MEREWOOD CLOSE is a small extended terraced house of 110m², built sometime between 1967 and 1975, which could now be worth an estimated £744,414. It was last sold for £592,500 in March 2017, which was around 50% above the average March 2017 terraced price in the Bromley local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

3 MEREWOOD CLOSE Sold Prices

Land registry data shows four sales for 3 MEREWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Bromley local authority area for the corresponding sale date. All of the four 3 MEREWOOD 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
2017 27 MAR	£592,500	£393,919	50% above HPI
2003 8 AUG	£295,000	£185,282	59% above HPI
1998 12 JUN	£182,000	£93,540	95% above HPI
1997 24 APR	£165,000	£78,523	110% above HPI

3 MEREWOOD 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 four 3 MEREWOOD CLOSE sales between April 1997 and March 2017 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 August 2003 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the March 2017 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 3 MEREWOOD CLOSE be worth now?

3 MEREWOOD CLOSE might now be worth an estimated £744,414.

This is based on house price inflation of 25.6%, between March 2017 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 25.6% inflationary increase is applied to the most recent sale price for 3 MEREWOOD CLOSE of £592,500 on 27th March 2017. For the value to have increased from £592,500 to £744,414 over the eight years and ten months to May 2026, the following assumptions must hold true:

• The value of 3 MEREWOOD CLOSE has moved in line with the HPI for terraced houses in the Bromley local authority area.
• The March 2017 sale price of £592,500 represented a fair market value for the property.
• The size, condition, and specification of 3 MEREWOOD CLOSE has not materially changed since March 2017.

How Large is 3 MEREWOOD CLOSE?

3 MEREWOOD CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the smallest 30% 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 MEREWOOD CLOSE lies on this distribution: 26% of terraced houses houses are smaller than 3 MEREWOOD CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in London.

3 MEREWOOD CLOSE: Plot and Title Map

3 MEREWOOD CLOSE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 3 MEREWOOD 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 MEREWOOD 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 MEREWOOD CLOSE?

3 MEREWOOD CLOSE is located in BROMLEY, in the BR1 postcode district. The below map shows the position of No. 3 on MEREWOOD CLOSE.