94, MEAD WAY, BROMLEY, BR2 9EU - £530,000

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.

94 MEAD WAY is a very small terraced house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £660,088. It was last sold for £530,000 in May 2017, which was around 33% above the average May 2017 terraced price in the Bromley local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

94 MEAD WAY Sold Prices

Land registry data shows three sales for 94 MEAD 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 Bromley local authority area for the corresponding sale date. All of the three 94 MEAD WAY 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
2017 19 MAY	£530,000	£397,381	33% above HPI
2014 22 MAY	£400,000	£307,430	30% above HPI
1997 7 APR	£93,500	£78,523	19% above HPI

94 MEAD WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bromley local authority area over time, sourced from the HPI. The three 94 MEAD WAY sales between April 1997 and May 2017 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 2014 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the May 2017 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 94 MEAD WAY be worth now?

94 MEAD WAY might now be worth an estimated £660,088.

This is based on house price inflation of 24.5%, between May 2017 and May 2026, for terraced 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 24.5% inflationary increase is applied to the most recent sale price for 94 MEAD WAY of £530,000 on 19th May 2017. For the value to have increased from £530,000 to £660,088 over the nine years to May 2026, the following assumptions must hold true:

• The value of 94 MEAD WAY has moved in line with the HPI for terraced houses in the Bromley local authority area.
• The May 2017 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 94 MEAD WAY has not materially changed since May 2017.

How Large is 94 MEAD WAY?

94 MEAD WAY is 72m² according to the EPC inspection conducted in February 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 94 MEAD WAY lies on this distribution: 4% of terraced houses houses are smaller than 94 MEAD WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in London.

94 MEAD WAY: Plot and Title Map

94 MEAD WAY sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 94 MEAD 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 94 MEAD 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 94 MEAD WAY?

94 MEAD WAY is located in BROMLEY, in the BR2 postcode district. The below map shows the position of No. 94 on MEAD WAY.