According to the public record, 1, Lake Road, Croydon is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,088 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Lake Road, Croydon, CR0 is located in the borough of Croydon within the CR0 postal district.
1, Lake Road, Croydon has a single entry in the Land Registry database from May 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Lake Road Croydon as £525,118 and the rental value as £2,229 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 1 Lake Road Croydon has decreased by £6,229 (1.2%) and its rental value has increased by £53 per month (2.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Lake Road, Croydon is in very good condition we estimate a sale value of £551,373 and rental value of £2,340 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £488,359 and a rental value of £2,073 per month.
If you were able to purchase this property for the estimated value of £525,118, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,581 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Lake Road, Croydon was last sold on 11 May 2007 for £310,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2007, the market for similar properties has risen 77.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Lake Road, Croydon within a radius of 670 metres over the last 2 years.
The most recent example is 196, Devonshire Way, Croydon, CR0 8BX, a Freehold house which sold for £685,000 in Apr 2022.
Read more about house prices in CR0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lake Road, Croydon, CR0 has a total of 23 addresses. According to our analysis of all the public data, 1, Lake Road, Croydon is the 18th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £152k more expensive than the average property in CR0.
The closest station to 1, Lake Road, Croydon is West Wickham station which is 1.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Lake Road, Croydon, 45.5% of property is privately owned outright and 45.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Lake Road, Croydon, 22.0% of residents are recorded as possessing school level qualifications and 41.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Lake Road, Croydon, the average age was 38 and the most common age was 12.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Lake Road, Croydon, 0.6% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Lake Road, Croydon, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.