According to the public record, 9B Purley Parade, Purley is a Leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 695 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Purley Parade, Woburn Avenue, Purley, CR8.
Woburn Avenue, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
9B Purley Parade, Purley has a single entry in the Land Registry database from November 2018 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 9B Purley Parade Purley as £247,185 and the rental value as £1,322 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 9B Purley Parade Purley has increased by £5,035 (2.0%) and its rental value has increased by £67 per month (5.0%).
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 9B Purley Parade, Purley is in very good condition we estimate a sale value of £259,544 and rental value of £1,388 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £229,882 and a rental value of £1,229 per month.
If you were able to purchase this property for the estimated value of £247,185, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,215 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, 9B Purley Parade, Purley was last sold on 29 Nov 2018 for £225,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2018, the market for similar properties has risen 5.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9B Purley Parade, Purley within a radius of 470 metres over the last 2 years.
The most recent example is Flat 16, Gresham Court 11, Pampisford Road, Purley, CR8 2UU, a Leasehold flat which sold for £210,000 in May 2024.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Woburn Avenue, Purley, CR8 has a total of 35 addresses. According to our analysis of all the public data, 9B Purley Parade, Purley is the 23rd largest and the 35th most expensive property on the street.
When compared to the postcode district it is £342k less expensive than the average property in CR8.
The closest station to 9B Purley Parade, Purley is Purley station which is 200 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 9B Purley Parade, Purley, 46.3% of property is privately rented and 19.4% 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 9B Purley Parade, Purley, 16.5% of residents are recorded as possessing school level qualifications and 59.1% 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 9B Purley Parade, Purley, the average age was 40.9 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 9B Purley Parade, Purley, 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 9B Purley Parade, Purley, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.