According to the public record, 40, Valley Road, Bromley is a period leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 40, Valley Road, Bromley, BR2.
Valley Road, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
40, Valley Road, Bromley has 41 entries in the Land Registry database, most recently in January 2010 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 40 Valley Road Bromley as £390,641 and the rental value as £1,709 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 40 Valley Road Bromley has increased by £2,594 (0.7%) and its rental value has increased by £72 per month (4.2%).
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, Valley Road, Bromley is in very good condition we estimate a sale value of £410,173 and rental value of £1,794 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £363,296 and a rental value of £1,589 per month.
If you were able to purchase this property for the estimated value of £390,641, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,920 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, 40, Valley Road, Bromley was last sold on 08 Jan 2010 for £229,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jan 2010, the market for similar properties has risen 72.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Valley Road, Bromley within a radius of 480 metres over the last 2 years.
The most recent example is Flat A, 52, Valley Road, Bromley, BR2 0HD, a Leasehold flat which sold for £430,000 in Nov 2022.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Valley Road, Bromley, BR2 has a total of 77 addresses. According to our analysis of all the public data, 40, Valley Road, Bromley is the 51st largest and the 46th most expensive property on the street.
When compared to the postcode district it is £193k less expensive than the average property in BR2.
40, Valley Road, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 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 40, Valley Road, Bromley is Shortlands 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 40, Valley Road, Bromley, 29.8% of property is privately owned outright and 29.8% 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 40, Valley Road, Bromley, 20.1% of residents are recorded as possessing school level qualifications and 49.2% 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 40, Valley Road, Bromley, the average age was 42 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, Valley Road, Bromley, 1.7% 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, Valley 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.