According to the public record, 38B, Madeira Avenue, Bromley is a period leasehold apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 38, Madeira Avenue, Bromley, BR1.
Madeira Avenue, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
38B, Madeira Avenue, Bromley has 2 entries in the Land Registry database, most recently in March 2014 and a single entry in the EPC database dated April 2022.
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 38B Madeira Avenue Bromley as £380,853 and the rental value as £1,842 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 38B Madeira Avenue Bromley has increased by £6,266 (1.6%) and its rental value has increased by £85 per month (4.6%).
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 38B, Madeira Avenue, Bromley is in very good condition we estimate a sale value of £399,895 and rental value of £1,934 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £354,193 and a rental value of £1,713 per month.
If you were able to purchase this property for the estimated value of £380,853, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,872 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, 38B, Madeira Avenue, Bromley was last sold on 03 Mar 2014 for £322,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2014, the market for similar properties has risen 38.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38B, Madeira Avenue, Bromley within a radius of 480 metres over the last 2 years.
The most recent example is Flat 4, 4, Blyth Road, Bromley, BR1 3RX, a Leasehold flat which sold for £360,000 in Jan 2024.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Madeira Avenue, Bromley, BR1 has a total of 134 addresses. According to our analysis of all the public data, 38B, Madeira Avenue, Bromley is the 116th largest and the 114th most expensive property on the street.
When compared to the postcode district it is £146k less expensive than the average property in BR1.
38B, Madeira Avenue, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Apr 2022.
The property is connected to mains gas and has fully triple glazed windows. It is heated using a boiler and radiators.
The closest station to 38B, Madeira Avenue, Bromley is Shortlands 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 38B, Madeira Avenue, Bromley, 31.8% of property is privately owned with a mortgage and 27.0% is privately owned outright.
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 38B, Madeira Avenue, Bromley, 19.1% of residents are recorded as possessing school level qualifications and 44.4% 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 38B, Madeira Avenue, 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 38B, Madeira Avenue, Bromley, 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 38B, Madeira Avenue, 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.