According to the public record, 55A, Martins Road, Bromley is a mid-century leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 55, Martins Road, Bromley, BR2.
Martins Road, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
55A, Martins Road, Bromley has 2 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated October 2015.
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 55A Martins Road Bromley as £289,561 and the rental value as £1,424 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 55A Martins Road Bromley has increased by £4,387 (1.5%) and its rental value has increased by £68 per month (4.8%).
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 55A, Martins Road, Bromley is in very good condition we estimate a sale value of £304,039 and rental value of £1,495 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £269,292 and a rental value of £1,324 per month.
If you were able to purchase this property for the estimated value of £289,561, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,423 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, 55A, Martins Road, Bromley was last sold on 05 Jan 2022 for £275,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2022, the market for similar properties has risen 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55A, Martins Road, Bromley within a radius of 490 metres over the last 2 years.
The most recent example is 37A, Martins Road, Bromley, BR2 0EE, a Leasehold flat which sold for £280,000 in Aug 2021.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Martins Road, Bromley, BR2 has a total of 132 addresses. According to our analysis of all the public data, 55A, Martins Road, Bromley is the 67th largest and the 80th most expensive property on the street.
When compared to the postcode district it is £294k less expensive than the average property in BR2.
55A, Martins Road, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Oct 2015.
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 55A, Martins Road, Bromley is Shortlands station which is 100 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 55A, Martins Road, Bromley, 31.2% of property is privately owned with a mortgage and 30.4% 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 55A, Martins Road, Bromley, 22.8% of residents are recorded as possessing school level qualifications and 46.2% 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 55A, Martins Road, Bromley, the average age was 38.4 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 55A, Martins Road, Bromley, 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 55A, Martins 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.