According to the public record, 41, Morgan Road, Bromley is a period leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 41, Morgan Road, Bromley, BR1.
Morgan Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
41, Morgan Road, Bromley has 41 entries in the Land Registry database, most recently in November 2014 and a single entry in the EPC database dated February 2014.
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 41 Morgan Road Bromley as £333,787 and the rental value as £1,566 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 41 Morgan Road Bromley has increased by £5,759 (1.7%) and its rental value has increased by £73 per month (4.6%).
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 41, Morgan Road, Bromley is in very good condition we estimate a sale value of £350,477 and rental value of £1,644 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £310,422 and a rental value of £1,456 per month.
If you were able to purchase this property for the estimated value of £333,787, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,640 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, 41, Morgan Road, Bromley was last sold on 25 Nov 2014 for £287,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Nov 2014, the market for similar properties has risen 27.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Morgan Road, Bromley within a radius of 420 metres over the last 2 years.
The most recent example is 31, Morgan Road, Bromley, BR1 3QE, a Leasehold flat which sold for £340,000 in Nov 2022.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morgan Road, Bromley, BR1 has a total of 128 addresses. According to our analysis of all the public data, 41, Morgan Road, Bromley is the 99th largest and the 80th most expensive property on the street.
When compared to the postcode district it is £193k less expensive than the average property in BR1.
41, Morgan Road, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Feb 2014.
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 41, Morgan Road, Bromley is Sundridge Park station which is 500 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 41, Morgan Road, Bromley, 39.9% of property is privately owned with a mortgage and 31.4% 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 41, Morgan Road, Bromley, 18.4% of residents are recorded as possessing school level qualifications and 55.2% 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 41, Morgan Road, Bromley, the average age was 38.2 and the most common age was 32.
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 41, Morgan Road, Bromley, 0.9% 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 41, Morgan Road, Bromley, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.