SPRING BANK, BLACKSMITHS LANE, ORPINGTON, BR5 4EN - £405,000

SPRING BANK is a very small detached house of 72m², built sometime between 1900 and 1929. It was last sold for £405,000 in November 2018, which was around 54% below the average November 2018 detached price in the Bromley local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

SPRING BANK Sold Prices

Land registry data shows two sales for SPRING BANK 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 SPRING BANK 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
2018 7 NOV	£405,000	£889,787	54% below HPI
1998 19 JUN	£111,000	£220,605	50% below HPI

SPRING BANK 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 SPRING BANK sales from June 1998 and November 2018 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 1998 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the November 2018 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is SPRING BANK?

SPRING BANK is 72m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of detached houses in Orpington, based on EPC data. The below chart shows the distribution of detached houses by size in Orpington, and where SPRING BANK lies on this distribution: 5% of detached houses are smaller than SPRING BANK, and 95% of houses are larger. Note that EPC data is not available for all properties in Orpington.

SPRING BANK: Plot and Title Map

SPRING BANK sits on a plot of roughly 0.185 of an acre, or 750m². The below map shows the location of SPRING BANK, 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 SPRING BANK). 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 SPRING BANK?

SPRING BANK is located on BLACKSMITHS LANE in ORPINGTON, in the BR5 postcode district. The below map shows the position of SPRING BANK on BLACKSMITHS LANE.