As updated by Fine Living in Nov 2023, 10A, Balfour Road, London is a 75 year lease apartment with 663 ft2 of internal area comprising 2 bedrooms .
There are 75 years remaining on the lease.
The apartment is in 10, Balfour Road, London, SE25.
Balfour Road, London, SE25 is located in the borough of Croydon within the SE25 postal district.
Based on both the data supplied by Fine Living and the public information available in the area, we estimate the current sale value for 10A Balfour Road London as £320,778 and the rental value as £1,476 per month giving an expected gross yield of 5.5%.
Fine Living described the decorative condition as fair in Nov 2023.
Over the last 12 months the sale value of 10A Balfour Road London has increased by £2,925 (0.9%) and its rental value has increased by £7 per month (0.5%).
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 10A, Balfour Road, London is in very good condition we estimate a sale value of £336,817 and rental value of £1,550 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £298,323 and a rental value of £1,372 per month.
If you were able to purchase this property for the estimated value of £320,778, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,577 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 Fine Living and HM Land Registry, 10A, Balfour Road, London was last sold on 10 Nov 2023 for £322,000 and was recorded as a leasehold flat.
The selling agent was Fine Living. The property has had 5 sales since 1995.
Since Nov 2023, the market for similar properties has risen 3.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10A, Balfour Road, London within a radius of 330 metres over the last 2 years.
The most recent example is 17A, Werndee Road, London, SE25 5LB, a Leasehold flat which sold for £310,000 in Feb 2024.
Read more about house prices in SE25.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Balfour Road, London, SE25 has a total of 78 addresses. According to our analysis of all the public data, 10A, Balfour Road, London is the 34th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £50k less expensive than the average property in SE25.
10A, Balfour Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Apr 2019.
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 10A, Balfour Road, London is Norwood Junction station which is 300 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 10A, Balfour Road, London, 45.8% of property is privately rented and 21.5% is socially 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 10A, Balfour Road, London, 20.2% of residents are recorded as possessing school level qualifications and 40.2% 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 10A, Balfour Road, London, the average age was 36 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 10A, Balfour Road, London, 0.3% 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 10A, Balfour 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.