9, OTFORD CLOSE, BEXLEY, DA5 1NH - £375,000

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.

9 OTFORD CLOSE is a very small semi-detached house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £425,444. It was last sold for £375,000 in June 2021, which was around 18% below the average June 2021 semi-detached price in the Bexley local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

9 OTFORD CLOSE Sold Prices

Land registry data shows four sales for 9 OTFORD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Bexley local authority area for the corresponding sale date. All of the four 9 OTFORD CLOSE 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
2021 16 JUN	£375,000	£458,004	18% below HPI
2016 26 AUG	£300,000	£405,619	26% below HPI
2010 15 JAN	£235,000	£241,571	3% below HPI
2007 22 AUG	£225,000	£255,638	12% below HPI

9 OTFORD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Bexley local authority area over time, sourced from the HPI. The four 9 OTFORD CLOSE sales between August 2007 and June 2021 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 August 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 9 OTFORD CLOSE be worth now?

9 OTFORD CLOSE might now be worth an estimated £425,444.

This is based on house price inflation of 13.5%, between June 2021 and February 2025, for semi-detached houses, in the Bexley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.5% inflationary increase is applied to the most recent sale price for 9 OTFORD CLOSE of £375,000 on 16th June 2021. For the value to have increased from £375,000 to £425,444 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 9 OTFORD CLOSE has moved in line with the HPI for semi-detached houses in the Bexley local authority area.
• The June 2021 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 9 OTFORD CLOSE has not materially changed since June 2021.

How Large is 9 OTFORD CLOSE?

9 OTFORD CLOSE is 80m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of semi-detached houses houses in Bexley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bexley, and where 9 OTFORD CLOSE lies on this distribution: 7% of semi-detached houses houses are smaller than 9 OTFORD CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Bexley.

9 OTFORD CLOSE: Plot and Title Map

9 OTFORD CLOSE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 9 OTFORD 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 9 OTFORD 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 9 OTFORD CLOSE?

9 OTFORD CLOSE is located in BEXLEY, in the DA5 postcode district. The below map shows the position of No. 9 on OTFORD CLOSE.