3, MERIDEN CLOSE, BROMLEY, BR1 2UF - £650,000

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 MERIDEN CLOSE is a midsized terraced house of 155m², built sometime between 1976 and 1982, which could now be worth an estimated £810,542. It was last sold for £650,000 in March 2020, which was around 64% above the average March 2020 terraced price in the Bromley local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

3 MERIDEN CLOSE Sold Prices

Land registry data shows two sales for 3 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 3 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
2020 19 MAR	£650,000	£396,891	64% above HPI
1996 26 NOV	£160,000	£74,691	114% above HPI

3 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 3 MERIDEN CLOSE sales from November 1996 and March 2020 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 November 1996 sale was for 114% above the HPI. So the extrapolation line tracks at 114% above the HPI over time, until the March 2020 sale, where it falls to 64% above the HPI. The line then continues to track at 64% above the HPI.

What might 3 MERIDEN CLOSE be worth now?

3 MERIDEN CLOSE might now be worth an estimated £810,542.

This is based on house price inflation of 24.7%, between March 2020 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 24.7% inflationary increase is applied to the most recent sale price for 3 MERIDEN CLOSE of £650,000 on 19th March 2020. For the value to have increased from £650,000 to £810,542 over the five years and ten months to May 2026, the following assumptions must hold true:

• The value of 3 MERIDEN CLOSE has moved in line with the HPI for terraced houses in the Bromley local authority area.
• The March 2020 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MERIDEN CLOSE has not materially changed since March 2020.

How Large is 3 MERIDEN CLOSE?

3 MERIDEN CLOSE is 155m² according to the EPC inspection conducted in September 2019. This puts it in the largest 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 3 MERIDEN CLOSE lies on this distribution: 55% of terraced houses houses are smaller than 3 MERIDEN CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in London.

3 MERIDEN CLOSE: Plot and Title Map

3 MERIDEN CLOSE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 3 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 3 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 3 MERIDEN CLOSE?

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