According to the public record, 71, Palace Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 750 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Palace Road, London, SE19 is located in the borough of Bromley within the SE19 postal district.
71, Palace Road, London has a single entry in the Land Registry database from October 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 71 Palace Road London as £352,895 and the rental value as £1,614 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 71 Palace Road London has increased by £2,286 (0.6%) and its rental value has increased by £44 per month (2.7%).
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 71, Palace Road, London is in very good condition we estimate a sale value of £370,540 and rental value of £1,695 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £328,193 and a rental value of £1,501 per month.
If you were able to purchase this property for the estimated value of £352,895, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,734 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, 71, Palace Road, London was last sold on 23 Oct 2006 for £235,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Palace Road, London within a radius of 370 metres over the last 2 years.
The most recent example is Flat 6, Highview, Anerley Grove, London, SE19 2HU, a Leasehold flat which sold for £384,500 in Mar 2024.
Read more about house prices in SE19.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palace Road, London, SE19 has a total of 59 addresses. According to our analysis of all the public data, 71, Palace Road, London is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £121k less expensive than the average property in SE19.
The closest station to 71, Palace Road, London is Crystal Palace station which is 100 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 71, Palace Road, London, 60.6% of property is socially rented and 24.2% 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 71, Palace Road, London, 16.5% of residents are recorded as possessing school level qualifications and 40.5% 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 71, Palace Road, London, the average age was 35.5 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 71, Palace Road, London, 0.0% 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 71, Palace Road, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.