According to the public record, 22, The Ridge, Purley is a period freehold house with 1,862 ft2 of internal area and sits on a 953 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
The Ridge, Purley, CR8 is located in the borough of Sutton within the CR8 postal district.
22, The Ridge, Purley has a single entry in the Land Registry database from December 2022 and a single entry in the EPC database dated May 2022.
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 22 The Ridge Purley as £1,115,254 and the rental value as £3,120 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of 22 The Ridge Purley has decreased by £18,860 (1.7%) and its rental value has increased by £27 per month (0.9%).
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 22, The Ridge, Purley is in very good condition we estimate a sale value of £1,171,016 and rental value of £3,276 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,037,186 and a rental value of £2,902 per month.
If you were able to purchase this property for the estimated value of £1,115,254, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,481 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 data from HM Land Registry, 22, The Ridge, Purley sits on a plot of 953m2.
We have plot size data on 7 out of 16 other houses in the postcode and 22, The Ridge, Purley sits on the 6th largest plot.
According to HM Land Registry, 22, The Ridge, Purley was last sold on 19 Dec 2022 for £1,080,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2022, the market for similar properties has dropped 5.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 22, The Ridge, Purley within a radius of 890 metres over the last 2 years.
The most recent example is 24, Green Lane, Purley, CR8 3PG, a Freehold house which sold for £1,190,000 in Jan 2022.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Ridge, Purley, CR8 has a total of 27 addresses. According to our analysis of all the public data, 22, The Ridge, Purley is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £526k more expensive than the average property in CR8.
22, The Ridge, Purley has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 03 May 2022.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 22, The Ridge, Purley is Reedham (London) station which is 1.8 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 22, The Ridge, Purley, 66.3% of property is privately owned outright and 31.6% 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 22, The Ridge, Purley, 15.3% of residents are recorded as possessing school level qualifications and 52.7% 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 22, The Ridge, Purley, the average age was 42 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 22, The Ridge, Purley, 3.5% 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 22, The Ridge, Purley, there are an average of 1.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.