16, LANCASTER CLOSE, BROMLEY, BR2 0QF - £315,000

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.

16 LANCASTER CLOSE is a very large flat of 81m², built sometime between 1967 and 1975, which could now be worth an estimated £466,876. It was last sold for £315,000 in September 2013, which was around 54% above the average September 2013 flat price in the Bromley local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was C.

16 LANCASTER CLOSE Sold Prices

Land registry data shows two sales for 16 LANCASTER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Bromley local authority area for the corresponding sale date. Both of the two 16 LANCASTER 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
2013 6 SEP	£315,000	£204,060	54% above HPI
2010 3 SEP	£235,000	£189,375	24% above HPI

What might 16 LANCASTER CLOSE be worth now?

16 LANCASTER CLOSE might now be worth an estimated £466,876.

This is based on house price inflation of 48.2%, between September 2013 and July 2026, for flats, in the Bromley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.2% inflationary increase is applied to the most recent sale price for 16 LANCASTER CLOSE of £315,000 on 6th September 2013. For the value to have increased from £315,000 to £466,876 over the thirteen years and two months to July 2026, the following assumptions must hold true:

• The value of 16 LANCASTER CLOSE has moved in line with the HPI for flats in the Bromley local authority area.
• The September 2013 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LANCASTER CLOSE has not materially changed since September 2013.

How Large is 16 LANCASTER CLOSE?

16 LANCASTER CLOSE is 81m² according to the EPC inspection conducted in October 2012. This puts it in the largest 20% of flats in Bromley, based on EPC data. 80% of flats are smaller than 16 LANCASTER CLOSE, and 18% of flats are larger. Note that EPC data is not available for all properties in Bromley.

16 LANCASTER CLOSE: Plot

16 LANCASTER CLOSE sits on a plot of roughly 0.979 of an acre, or 3,961m².

Where is 16 LANCASTER CLOSE?

16 LANCASTER CLOSE is located in BROMLEY, in the BR2 postcode district.