According to the public record, 16A , Great Elms Road, Bromley is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 16, Great Elms Road, Bromley, BR2.
Great Elms Road, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
16A , Great Elms Road, Bromley has 31 entries in the Land Registry database, most recently in October 2016 and a single entry in the EPC database dated August 2020.
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 16A Great Elms Road Bromley as £291,706 and the rental value as £1,351 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 16A Great Elms Road Bromley has increased by £1,479 (0.5%) and its rental value has increased by £66 per month (4.9%).
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 16A , Great Elms Road, Bromley is in very good condition we estimate a sale value of £306,292 and rental value of £1,419 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,287 and a rental value of £1,257 per month.
If you were able to purchase this property for the estimated value of £291,706, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,434 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, 16A , Great Elms Road, Bromley was last sold on 03 Oct 2016 for £289,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2016, the market for similar properties has risen 5.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16A , Great Elms Road, Bromley within a radius of 420 metres over the last 2 years.
The most recent example is Flat 8, Chaucer Court 2C, Southlands Road, Bromley, BR2 9HP, a Leasehold flat which sold for £220,000 in Dec 2023.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Great Elms Road, Bromley, BR2 has a total of 43 addresses. According to our analysis of all the public data, 16A , Great Elms Road, Bromley is the 40th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £292k less expensive than the average property in BR2.
16A , Great Elms Road, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Aug 2020.
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 16A , Great Elms Road, Bromley is Bromley South station which is 1.0 kilometres 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 16A , Great Elms Road, Bromley, 56.7% of property is privately rented and 24.0% 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 16A , Great Elms Road, Bromley, 13.3% of residents are recorded as possessing school level qualifications and 41.6% 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 16A , Great Elms Road, Bromley, the average age was 39.3 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 16A , Great Elms Road, Bromley, 2.6% 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 16A , Great Elms Road, Bromley, 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.