According to the public record, 3, Merrow Way, Croydon is a mid-century freehold house with 678 ft2 of internal area and sits on a 218 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Merrow Way, New Addington, Croydon, CR0 is located in the borough of Croydon within the CR0 postal district.
3, Merrow Way, Croydon has a single entry in the Land Registry database from December 2019 and a single entry in the EPC database dated August 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 3 Merrow Way Croydon as £322,517 and the rental value as £1,693 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 3 Merrow Way Croydon has increased by £5,726 (1.8%) and its rental value has increased by £92 per month (5.4%).
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 3, Merrow Way, Croydon is in very good condition we estimate a sale value of £338,642 and rental value of £1,778 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £299,940 and a rental value of £1,575 per month.
If you were able to purchase this property for the estimated value of £322,517, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,585 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, 3, Merrow Way, Croydon sits on a plot of 218m2.
We have plot size data on 10 out of 16 other houses in the postcode and 3, Merrow Way, Croydon sits on the 3rd largest plot.
According to HM Land Registry, 3, Merrow Way, Croydon was last sold on 05 Dec 2019 for £320,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2019, the market for similar properties has risen 14.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Merrow Way, Croydon within a radius of 510 metres over the last 2 years.
The most recent example is 15, Chesney Crescent, Croydon, CR0 0RN, a Freehold house which sold for £341,000 in Jan 2024.
Read more about house prices in CR0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merrow Way, New Addington, Croydon, CR0 has a total of 16 addresses. According to our analysis of all the public data, 3, Merrow Way, Croydon is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in CR0.
3, Merrow Way, Croydon has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Aug 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 3, Merrow Way, Croydon is Hayes (Kent) station which is 2.9 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 3, Merrow Way, Croydon, 64.2% of property is socially rented and 20.0% 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 3, Merrow Way, Croydon, 26.8% of residents are recorded as possessing school level qualifications and 23.1% 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 3, Merrow Way, Croydon, the average age was 37.8 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 3, Merrow Way, 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 3, Merrow Way, Croydon, 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.