According to the public record, 40, Oakridge Road, Bromley is a mid-century freehold house with 850 ft2 of internal area and sits on a 166 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oakridge Road, Bromley, BR1 is located in the borough of Lewisham within the BR1 postal district.
40, Oakridge Road, Bromley has a single entry in the Land Registry database from May 2011 and a single entry in the EPC database dated August 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 40 Oakridge Road Bromley as £387,513 and the rental value as £2,161 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 40 Oakridge Road Bromley has increased by £11,763 (3.0%) and its rental value has increased by £142 per month (6.6%).
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 40, Oakridge Road, Bromley is in very good condition we estimate a sale value of £406,888 and rental value of £2,269 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £360,387 and a rental value of £2,009 per month.
If you were able to purchase this property for the estimated value of £387,513, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,905 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, 40, Oakridge Road, Bromley sits on a plot of 166m2.
We have plot size data on 13 out of 34 other houses in the postcode and 40, Oakridge Road, Bromley sits on the 11th largest plot.
According to HM Land Registry, 40, Oakridge Road, Bromley was last sold on 09 May 2011 for £175,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2011, the market for similar properties has risen 108.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Oakridge Road, Bromley within a radius of 440 metres over the last 2 years.
The most recent example is 65, Oakridge Road, Bromley, BR1 5QW, a Freehold house which sold for £443,000 in Aug 2022.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakridge Road, Bromley, BR1 has a total of 134 addresses. According to our analysis of all the public data, 40, Oakridge Road, Bromley is the 22nd largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £139k less expensive than the average property in BR1.
40, Oakridge Road, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Aug 2022.
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 40, Oakridge Road, Bromley is Beckenham Hill station which is 900 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 40, Oakridge Road, Bromley, 27.9% of property is socially rented and 26.6% 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 40, Oakridge Road, Bromley, 28.2% of residents are recorded as possessing school level qualifications and 27.3% 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 40, Oakridge 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 40, Oakridge 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 40, Oakridge Road, Bromley, 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.