According to the public record, 3, Wessex Court 15, Bromley is a modern leasehold apartment with 1,485 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Wessex Court, Bickley Road, Bromley, BR1.
Bickley Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
3, Wessex Court 15, Bromley has 2 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated September 2012.
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 Wessex Court 15 Bromley as £696,567 and the rental value as £2,610 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 3 Wessex Court 15 Bromley has decreased by £9,114 (1.3%) and its rental value has increased by £65 per month (2.5%).
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, Wessex Court 15, Bromley is in very good condition we estimate a sale value of £731,396 and rental value of £2,741 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £647,808 and a rental value of £2,428 per month.
If you were able to purchase this property for the estimated value of £696,567, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,423 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, 3, Wessex Court 15, Bromley was last sold on 30 Apr 2021 for £665,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2021, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Wessex Court 15, Bromley within a radius of 630 metres over the last 2 years.
The most recent example is 2, Wessex Court 15, Bickley Road, Bromley, BR1 2ND, a Leasehold flat which sold for £665,000 in Jun 2021.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bickley Road, Bromley, BR1 has a total of 38 addresses. According to our analysis of all the public data, 3, Wessex Court 15, Bromley is the 16th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £170k more expensive than the average property in BR1.
3, Wessex Court 15, Bromley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Sep 2012.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 3, Wessex Court 15, Bromley is Bickley station which is 400 metres 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, Wessex Court 15, Bromley, 40.9% of property is privately owned with a mortgage and 35.7% is privately owned outright.
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, Wessex Court 15, Bromley, 21.7% of residents are recorded as possessing school level qualifications and 48.6% 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, Wessex Court 15, Bromley, the average age was 40.1 and the most common age was 52.
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, Wessex Court 15, Bromley, 3.2% 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, Wessex Court 15, Bromley, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.