According to the public record, 31, Lucas Road, London is a period leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Lucas Road, London, SE20 is located in the borough of Bromley within the SE20 postal district.
31, Lucas Road, London has 31 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated February 2015.
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 31 Lucas Road London as £362,257 and the rental value as £1,658 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 31 Lucas Road London has increased by £4,958 (1.4%) and its rental value has increased by £72 per month (4.3%).
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 31, Lucas Road, London is in very good condition we estimate a sale value of £380,370 and rental value of £1,741 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £336,899 and a rental value of £1,542 per month.
If you were able to purchase this property for the estimated value of £362,257, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,780 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, 31, Lucas Road, London was last sold on 27 Oct 2023 for £370,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2023, the market for similar properties has risen 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Lucas Road, London within a radius of 350 metres over the last 2 years.
The most recent example is 29B , Parish Lane, London, SE20 7LH, a Leasehold flat which sold for £307,500 in Mar 2023.
Read more about house prices in SE20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lucas Road, London, SE20 has a total of 44 addresses. According to our analysis of all the public data, 31, Lucas Road, London is the 43rd largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £45k less expensive than the average property in SE20.
31, Lucas Road, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Feb 2015.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 31, Lucas Road, London is Penge East station which is 200 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 31, Lucas Road, London, 54.4% of property is privately owned with a mortgage and 20.3% 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 31, Lucas Road, London, 13.1% of residents are recorded as possessing school level qualifications and 69.2% 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 31, Lucas Road, London, the average age was 39 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 31, Lucas Road, London, 1.1% 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 31, Lucas Road, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.