According to the public record, 8 Cedarwood Place, Sidcup is a modern leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Cedarwood Place, Maylands Drive, Sidcup, DA14.
Maylands Drive, Sidcup, DA14 is located in the borough of Bexley within the DA14 postal district.
8 Cedarwood Place, Sidcup has a single entry in the Land Registry database from March 2008 and a single entry in the EPC database dated August 2023.
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 8 Cedarwood Place Sidcup as £302,998 and the rental value as £1,589 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 8 Cedarwood Place Sidcup has decreased by £695 (0.2%) and its rental value has increased by £57 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 8 Cedarwood Place, Sidcup is in very good condition we estimate a sale value of £318,148 and rental value of £1,668 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £281,788 and a rental value of £1,477 per month.
If you were able to purchase this property for the estimated value of £302,998, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,489 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, 8 Cedarwood Place, Sidcup was last sold on 31 Mar 2008 for £116,237 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2008, the market for similar properties has risen 52.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8 Cedarwood Place, Sidcup within a radius of 700 metres over the last 2 years.
The most recent example is 39 Cedarwood Place, Maylands Drive, Sidcup, DA14 4BF, a Leasehold flat which sold for £295,000 in Sep 2023.
Read more about house prices in DA14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Maylands Drive, Sidcup, DA14 has a total of 230 addresses. According to our analysis of all the public data, 8 Cedarwood Place, Sidcup is the 115th largest and the 129th most expensive property on the street.
When compared to the postcode district it is £118k less expensive than the average property in DA14.
8 Cedarwood Place, Sidcup has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Aug 2023.
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 8 Cedarwood Place, Sidcup is Albany Park 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 8 Cedarwood Place, Sidcup, 39.7% of property is privately owned with a mortgage and 22.7% is privately owned outright.
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 8 Cedarwood Place, Sidcup, 22.0% of residents are recorded as possessing school level qualifications and 37.8% 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 8 Cedarwood Place, Sidcup, the average age was 42.9 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 8 Cedarwood Place, Sidcup, 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 8 Cedarwood Place, Sidcup, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.