According to the public record, 2, Sorrel Bank, Croydon is a mid-century leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Sorrel Bank, Croydon, CR0 is located in the borough of Croydon within the CR0 postal district.
2, Sorrel Bank, Croydon has 2 entries in the Land Registry database, most recently in March 2020 and a single entry in the EPC database dated October 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Sorrel Bank Croydon as £250,120 and the rental value as £1,366 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 2 Sorrel Bank Croydon has increased by £2,996 (1.2%) and its rental value has increased by £53 per month (3.9%).
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 2, Sorrel Bank, Croydon is in very good condition we estimate a sale value of £262,626 and rental value of £1,435 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,611 and a rental value of £1,271 per month.
If you were able to purchase this property for the estimated value of £250,120, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,229 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, 2, Sorrel Bank, Croydon was last sold on 13 Mar 2020 for £235,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2020, the market for similar properties has risen 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Sorrel Bank, Croydon within a radius of 450 metres over the last 2 years.
The most recent example is 90, Sorrel Bank, Croydon, CR0 9LX, a Leasehold flat which sold for £255,000 in Dec 2023.
Read more about house prices in CR0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sorrel Bank, Croydon, CR0 has a total of 182 addresses. According to our analysis of all the public data, 2, Sorrel Bank, Croydon is the 158th largest and the 143rd most expensive property on the street.
When compared to the postcode district it is £123k less expensive than the average property in CR0.
2, Sorrel Bank, Croydon has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Oct 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, Sorrel Bank, Croydon is Sanderstead station which is 3.4 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 2, Sorrel Bank, Croydon, 33.5% of property is privately owned with a mortgage and 30.4% is privately rented.
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 2, Sorrel Bank, Croydon, 12.5% of residents are recorded as possessing school level qualifications and 32.5% 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 2, Sorrel Bank, Croydon, the average age was 40.4 and the most common age was 57.
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 2, Sorrel Bank, Croydon, 0.4% 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 2, Sorrel Bank, Croydon, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.