According to the public record, 7, Lancaster Close, Bromley is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,679 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Lancaster Close, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
7, Lancaster Close, Bromley has 21 entries in the Land Registry database, most recently in March 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Lancaster Close Bromley as £841,506 and the rental value as £2,823 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 7 Lancaster Close Bromley has decreased by £7,220 (0.9%) and its rental value has increased by £94 per month (3.3%).
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 7, Lancaster Close, Bromley is in very good condition we estimate a sale value of £883,581 and rental value of £2,964 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £782,601 and a rental value of £2,625 per month.
If you were able to purchase this property for the estimated value of £841,506, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,136 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, 7, Lancaster Close, Bromley was last sold on 16 Mar 2006 for £397,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Lancaster Close, Bromley within a radius of 540 metres over the last 2 years.
The most recent example is 3, Lancaster Close, Bromley, BR2 0QF, a Freehold house which sold for £800,000 in Feb 2022.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Close, Bromley, BR2 has a total of 24 addresses. According to our analysis of all the public data, 7, Lancaster Close, Bromley is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £258k more expensive than the average property in BR2.
The closest station to 7, Lancaster Close, Bromley is Bromley South 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 7, Lancaster Close, Bromley, 36.7% of property is privately owned outright and 36.7% 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 7, Lancaster Close, Bromley, 19.2% of residents are recorded as possessing school level qualifications and 52.4% 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 7, Lancaster Close, Bromley, the average age was 42.6 and the most common age was 57.
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 7, Lancaster Close, Bromley, 2.9% 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 7, Lancaster Close, Bromley, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.