8, MERIDEN CLOSE, BROMLEY, BR1 2UF - £890,000

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.

8 MERIDEN CLOSE is a large extended detached house of 180m², built sometime between 1983 and 1990, which could now be worth an estimated £1,059,042. It was last sold for £890,000 in September 2019, which was around 2% below the average September 2019 detached price in the Bromley local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was C.

8 MERIDEN CLOSE Sold Prices

Land registry data shows four sales for 8 MERIDEN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. Most of the four 8 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
2019 10 SEP	£890,000	£912,672	2% below HPI
2006 8 DEC	£557,500	£513,991	8% above HPI
2002 30 AUG	£535,000	£407,336	31% above HPI
1998 13 MAR	£310,000	£226,196	37% above HPI

8 MERIDEN CLOSE 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 four 8 MERIDEN CLOSE sales between March 1998 and September 2019 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 December 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2019 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 8 MERIDEN CLOSE be worth now?

8 MERIDEN CLOSE might now be worth an estimated £1,059,042.

This is based on house price inflation of 19%, between September 2019 and May 2026, 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 19% inflationary increase is applied to the most recent sale price for 8 MERIDEN CLOSE of £890,000 on 10th September 2019. For the value to have increased from £890,000 to £1,059,042 over the seven years and four months to May 2026, the following assumptions must hold true:

• The value of 8 MERIDEN CLOSE has moved in line with the HPI for detached houses in the Bromley local authority area.
• The September 2019 sale price of £890,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MERIDEN CLOSE has not materially changed since September 2019.

How Large is 8 MERIDEN CLOSE?

8 MERIDEN CLOSE is 180m², which includes two extensions, according to the EPC inspection conducted in May 2019. This puts it in the largest 40% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 8 MERIDEN CLOSE lies on this distribution: 67% of detached houses houses are smaller than 8 MERIDEN CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in London.

8 MERIDEN CLOSE: Plot and Title Map

8 MERIDEN CLOSE sits on a plot of roughly 0.156 of an acre, or 633m². The below map shows the location of 8 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 8 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 8 MERIDEN CLOSE?

8 MERIDEN CLOSE is located in BROMLEY, in the BR1 postcode district. The below map shows the position of No. 8 on MERIDEN CLOSE.