According to the public record, Flat 1, 114, Shortlands Road, Bromley is a period leasehold apartment with 1,862 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 114, Shortlands Road, Bromley, BR2.
Shortlands Road, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
Flat 1, 114, Shortlands Road, Bromley has a single entry in the Land Registry database from November 2007 and a single entry in the EPC database dated June 2013.
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 Flat 1 114 Shortlands Road Bromley as £508,689 and the rental value as £2,530 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 1 114 Shortlands Road Bromley has increased by £10,954 (2.2%) and its rental value has increased by £145 per month (5.7%).
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 Flat 1, 114, Shortlands Road, Bromley is in very good condition we estimate a sale value of £534,124 and rental value of £2,656 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £473,081 and a rental value of £2,353 per month.
If you were able to purchase this property for the estimated value of £508,689, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,500 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, Flat 1, 114, Shortlands Road, Bromley was last sold on 28 Nov 2007 for £300,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2007, the market for similar properties has risen 63.0%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 630 metres radius of Flat 1, 114, Shortlands Road, Bromley over the last 2 years.
The most recent example is Flat 7, 114, Shortlands Road, Bromley, BR2 0JP, a Leasehold flat which sold for £350,000 in Feb 2022.
Read more about house prices in BR2.
Shortlands Road, Bromley, BR2 has a total of 223 addresses. According to our analysis of all the public data, Flat 1, 114, Shortlands Road, Bromley is the 44th largest and the 60th most expensive property on the street.
When compared to the postcode district it is £75k less expensive than the average property in BR2.
Flat 1, 114, Shortlands Road, Bromley has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 18 Jun 2013.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, 114, Shortlands Road, Bromley is Shortlands station which is 800 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 Flat 1, 114, Shortlands Road, Bromley, 43.0% of property is privately owned outright and 36.4% 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 Flat 1, 114, Shortlands Road, Bromley, 10.5% of residents are recorded as possessing school level qualifications and 45.8% 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 Flat 1, 114, Shortlands Road, Bromley, the average age was 42 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 Flat 1, 114, Shortlands Road, Bromley, 2.1% 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 Flat 1, 114, Shortlands Road, Bromley, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.