According to the public record, 41A, Morgan Road, Bromley is a period leasehold apartment with 893 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 41, Morgan Road, Bromley, BR1.
Morgan Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
41A, Morgan Road, Bromley has 41 entries in the Land Registry database, most recently in February 2008 and a single entry in the EPC database dated April 2021.
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 41A Morgan Road Bromley as £399,261 and the rental value as £1,803 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 41A Morgan Road Bromley has increased by £4,764 (1.2%) and its rental value has increased by £74 per month (4.1%).
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 41A, Morgan Road, Bromley is in very good condition we estimate a sale value of £419,224 and rental value of £1,893 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £371,312 and a rental value of £1,677 per month.
If you were able to purchase this property for the estimated value of £399,261, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,962 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, 41A, Morgan Road, Bromley was last sold on 21 Feb 2008 for £174,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Feb 2008, the market for similar properties has risen 58.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41A, Morgan Road, Bromley within a radius of 420 metres over the last 2 years.
The most recent example is 44C, Cambridge Road, Bromley, BR1 4EA, a Leasehold flat which sold for £243,008 in Oct 2023.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morgan Road, Bromley, BR1 has a total of 128 addresses. According to our analysis of all the public data, 41A, Morgan Road, Bromley is the 18th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £127k less expensive than the average property in BR1.
41A, Morgan Road, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Apr 2021.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 41A, Morgan Road, Bromley is Sundridge Park station which is 500 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 41A, Morgan Road, Bromley, 39.9% of property is privately owned with a mortgage and 31.4% 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 41A, Morgan Road, Bromley, 18.4% of residents are recorded as possessing school level qualifications and 55.2% 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 41A, Morgan Road, Bromley, the average age was 38.2 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 41A, Morgan Road, Bromley, 0.9% 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 41A, Morgan Road, Bromley, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.