According to the public record, 55B, Elgin Road, Croydon is a period leasehold apartment with 807 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 55, Elgin Road, Croydon, CR0.
Elgin Road, Croydon, CR0 is located in the borough of Croydon within the CR0 postal district.
55B, Elgin Road, Croydon has 21 entries in the Land Registry database, most recently in November 2009 and a single entry in the EPC database dated May 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 55B Elgin Road Croydon as £315,307 and the rental value as £1,506 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 55B Elgin Road Croydon has increased by £4,282 (1.4%) and its rental value has increased by £30 per month (2.0%).
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 55B, Elgin Road, Croydon is in very good condition we estimate a sale value of £331,072 and rental value of £1,582 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,236 and a rental value of £1,401 per month.
If you were able to purchase this property for the estimated value of £315,307, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,550 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, 55B, Elgin Road, Croydon was last sold on 19 Nov 2009 for £173,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2009, the market for similar properties has risen 62.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55B, Elgin Road, Croydon within a radius of 310 metres over the last 2 years.
The most recent example is Flat 1, The Old Vicarage 17, Canning Road, Croydon, CR0 6RY, a Leasehold flat which sold for £345,000 in Apr 2024.
Read more about house prices in CR0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elgin Road, Croydon, CR0 has a total of 212 addresses. According to our analysis of all the public data, 55B, Elgin Road, Croydon is the 76th largest and the 77th most expensive property on the street.
When compared to the postcode district it is £58k less expensive than the average property in CR0.
55B, Elgin Road, Croydon has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 May 2022.
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 55B, Elgin Road, Croydon is East Croydon station which is 900 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 55B, Elgin Road, Croydon, 60.7% of property is privately rented and 22.1% 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 55B, Elgin Road, Croydon, 18.9% of residents are recorded as possessing school level qualifications and 45.5% 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 55B, Elgin Road, Croydon, the average age was 36.6 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 55B, Elgin Road, Croydon, 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 55B, Elgin Road, Croydon, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.