40, LANCING ROAD, ORPINGTON, BR6 0QT - £625,000

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.

40 LANCING ROAD is a midsized extended detached house of 128m², built sometime between 1930 and 1949, which could now be worth an estimated £782,492. It was last sold for £625,000 in July 2020, which was around 30% below the average July 2020 detached price in the Bromley local authority area. The most recent EPC inspection was November 2019, where the current energy rating was E, and the potential energy rating was C.

40 LANCING ROAD Sold Prices

Land registry data shows two sales for 40 LANCING ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. Both of the two 40 LANCING ROAD 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
2020 30 JUL	£625,000	£891,008	30% below HPI
1997 27 FEB	£160,000	£188,396	15% below HPI

40 LANCING ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bromley local authority area over time, sourced from the HPI. The two 40 LANCING ROAD sales from February 1997 and July 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 February 1997 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2020 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 40 LANCING ROAD be worth now?

40 LANCING ROAD might now be worth an estimated £782,492.

This is based on house price inflation of 25.2%, between July 2020 and July 2025, for 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 25.2% inflationary increase is applied to the most recent sale price for 40 LANCING ROAD of £625,000 on 30th July 2020. For the value to have increased from £625,000 to £782,492 over the five years to July 2025, the following assumptions must hold true:

• The value of 40 LANCING ROAD has moved in line with the HPI for detached houses in the Bromley local authority area.
• The July 2020 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of 40 LANCING ROAD has not materially changed since July 2020.

How Large is 40 LANCING ROAD?

40 LANCING ROAD is 128m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 50% of detached houses houses in Orpington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Orpington, and where 40 LANCING ROAD lies on this distribution: 48% of detached houses houses are smaller than 40 LANCING ROAD, and 51% of houses are larger. Note that EPC data is not available for all properties in Orpington.

40 LANCING ROAD: Plot and Title Map

40 LANCING ROAD sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 40 LANCING ROAD, 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 40 LANCING ROAD). 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 40 LANCING ROAD?

40 LANCING ROAD is located in ORPINGTON, in the BR6 postcode district. The below map shows the position of No. 40 on LANCING ROAD.