According to the public record, 25, Farmfield Road, Bromley is a early-century leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
Farmfield Road, Bromley, BR1 is located in the borough of Lewisham within the BR1 postal district.
25, Farmfield Road, Bromley has 31 entries in the Land Registry database, most recently in January 2020 and a single entry in the EPC database dated March 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 25 Farmfield Road Bromley as £218,269 and the rental value as £1,186 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 25 Farmfield Road Bromley has increased by £5,232 (2.4%) and its rental value has increased by £70 per month (5.9%).
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 25, Farmfield Road, Bromley is in very good condition we estimate a sale value of £229,183 and rental value of £1,245 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £202,991 and a rental value of £1,103 per month.
If you were able to purchase this property for the estimated value of £218,269, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,073 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, 25, Farmfield Road, Bromley was last sold on 17 Jan 2020 for £255,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2020, the market for similar properties has risen 8.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 25, Farmfield Road, Bromley within a radius of 460 metres over the last 2 years.
The most recent example is 34 Nesbit Court, Medhurst Drive, Bromley, BR1 4TL, a Leasehold flat which sold for £235,000 in Aug 2021.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Farmfield Road, Bromley, BR1 has a total of 227 addresses. According to our analysis of all the public data, 25, Farmfield Road, Bromley is the 220th largest and the 218th most expensive property on the street.
When compared to the postcode district it is £308k less expensive than the average property in BR1.
25, Farmfield Road, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Mar 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 25, Farmfield Road, Bromley is Beckenham Hill station which is 1.1 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 25, Farmfield Road, Bromley, 30.2% of property is privately rented and 25.8% is socially 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 25, Farmfield Road, Bromley, 24.4% of residents are recorded as possessing school level qualifications and 33.7% 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 25, Farmfield Road, Bromley, the average age was 38.5 and the most common age was 37.
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 25, Farmfield Road, Bromley, 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 25, Farmfield Road, Bromley, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.