According to the public record, 5, Falconhurst Apartments 8, Bromley is a modern leasehold apartment with 1,044 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Falconhurst Apartments, Beckenham Grove, Bromley, BR2.
Beckenham Grove, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
5, Falconhurst Apartments 8, Bromley has a single entry in the Land Registry database from February 2008 and a single entry in the EPC database dated August 2020.
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 5 Falconhurst Apartments 8 Bromley as £454,893 and the rental value as £1,953 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 5 Falconhurst Apartments 8 Bromley has increased by £1,341 (0.3%) and its rental value has increased by £71 per month (3.6%).
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 5, Falconhurst Apartments 8, Bromley is in very good condition we estimate a sale value of £477,638 and rental value of £2,051 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £423,051 and a rental value of £1,817 per month.
If you were able to purchase this property for the estimated value of £454,893, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,236 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, 5, Falconhurst Apartments 8, Bromley was last sold on 22 Feb 2008 for £370,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2008, the market for similar properties has risen 58.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Falconhurst Apartments 8, Bromley within a radius of 500 metres over the last 2 years.
The most recent example is Flat 5, Harvington Lodge 54, Shortlands Road, Bromley, BR2 0BF, a Leasehold flat which sold for £575,000 in Aug 2022.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Beckenham Grove, Bromley, BR2 has a total of 202 addresses. According to our analysis of all the public data, 5, Falconhurst Apartments 8, Bromley is the 14th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £129k less expensive than the average property in BR2.
5, Falconhurst Apartments 8, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Aug 2020.
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 5, Falconhurst Apartments 8, Bromley is Shortlands 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 5, Falconhurst Apartments 8, Bromley, 39.6% of property is privately rented and 29.9% 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 5, Falconhurst Apartments 8, Bromley, 11.9% of residents are recorded as possessing school level qualifications and 53.8% 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 5, Falconhurst Apartments 8, 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 5, Falconhurst Apartments 8, Bromley, 1.4% 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 5, Falconhurst Apartments 8, 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.