7, MONKS WAY, ORPINGTON, BR5 1HN - £630,000

7 MONKS WAY is a very small detached house of 94m², built sometime between 1950 and 1966. It was last sold for £630,000 in December 2015, which was around 23% below the average December 2015 detached price in the Bromley local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was C.

7 MONKS WAY Sold Prices

Land registry data shows two sales for 7 MONKS WAY 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 7 MONKS 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
2015 18 DEC	£630,000	£813,987	23% below HPI
2013 24 MAY	£400,000	£575,281	30% below HPI

7 MONKS WAY 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 7 MONKS WAY sales from May 2013 and December 2015 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 May 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2015 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 7 MONKS WAY?

7 MONKS WAY is 94m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 7 MONKS WAY lies on this distribution: 16% of detached houses are smaller than 7 MONKS WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in London.

7 MONKS WAY: Plot and Title Map

7 MONKS WAY sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 7 MONKS 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 7 MONKS 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 7 MONKS WAY?

7 MONKS WAY is located in ORPINGTON, in the BR5 postcode district. The below map shows the position of No. 7 on MONKS WAY.