474, DOWNHAM WAY, BROMLEY, BR1 5HP - £175,000

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.

474 DOWNHAM WAY is a very small terraced house of 74m², built sometime between 1930 and 1949, which could now be worth an estimated £486,672. It was last sold for £175,000 in March 2006, which was around 20% below the average March 2006 terraced price in the Lewisham local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

474 DOWNHAM WAY Sold Prices

Land registry data shows three sales for 474 DOWNHAM WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Lewisham local authority area for the corresponding sale date. All of the three 474 DOWNHAM WAY 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
2006 3 MAR	£175,000	£219,778	20% below HPI
2002 14 JUN	£120,000	£152,652	21% below HPI
1999 19 NOV	£68,000	£104,256	35% below HPI

474 DOWNHAM WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Lewisham local authority area over time, sourced from the HPI. The three 474 DOWNHAM WAY sales between November 1999 and March 2006 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 June 2002 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2006 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 474 DOWNHAM WAY be worth now?

474 DOWNHAM WAY might now be worth an estimated £486,672.

This is based on house price inflation of 178.1%, between March 2006 and May 2026, for terraced houses, in the Lewisham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 178.1% inflationary increase is applied to the most recent sale price for 474 DOWNHAM WAY of £175,000 on 3rd March 2006. For the value to have increased from £175,000 to £486,672 over the nineteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 474 DOWNHAM WAY has moved in line with the HPI for terraced houses in the Lewisham local authority area.
• The March 2006 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 474 DOWNHAM WAY has not materially changed since March 2006.

How Large is 474 DOWNHAM WAY?

474 DOWNHAM WAY is 74m² according to the EPC inspection conducted in May 2014. 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 474 DOWNHAM WAY lies on this distribution: 5% of terraced houses houses are smaller than 474 DOWNHAM WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in London.

474 DOWNHAM WAY: Plot and Title Map

474 DOWNHAM WAY sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 474 DOWNHAM WAY, 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 474 DOWNHAM WAY). 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 474 DOWNHAM WAY?

474 DOWNHAM WAY is located in BROMLEY, in the BR1 postcode district. The below map shows the position of No. 474 on DOWNHAM WAY.