According to the public record, Flat 11, Acers 2, Chislehurst is a modern leasehold apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Acers, Elmstead Lane, Chislehurst, BR7.
Elmstead Lane, Chislehurst, BR7 is located in the borough of Bromley within the BR7 postal district.
Flat 11, Acers 2, Chislehurst has 3 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated August 2020.
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 11 Acers 2 Chislehurst as £436,225 and the rental value as £1,900 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Flat 11 Acers 2 Chislehurst has decreased by £2,672 (0.6%) and its rental value has increased by £57 per month (3.0%).
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 Flat 11, Acers 2, Chislehurst is in very good condition we estimate a sale value of £458,036 and rental value of £1,995 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £405,689 and a rental value of £1,767 per month.
If you were able to purchase this property for the estimated value of £436,225, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,144 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 11, Acers 2, Chislehurst was last sold on 15 Sep 2021 for £420,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2021, the market for similar properties has dropped 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 11, Acers 2, Chislehurst within a radius of 850 metres over the last 2 years.
The most recent example is Flat 8, Acers 2, Elmstead Lane, Chislehurst, BR7 5RL, a Leasehold flat which sold for £425,000 in Nov 2020.
Read more about house prices in BR7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elmstead Lane, Chislehurst, BR7 has a total of 148 addresses. According to our analysis of all the public data, Flat 11, Acers 2, Chislehurst is the 99th largest and the 111th most expensive property on the street.
When compared to the postcode district it is £320k less expensive than the average property in BR7.
Flat 11, Acers 2, Chislehurst has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Aug 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, electric.
The closest station to Flat 11, Acers 2, Chislehurst is Elmstead Woods station which is 300 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 11, Acers 2, Chislehurst, 49.6% of property is privately owned with a mortgage and 36.7% 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 Flat 11, Acers 2, Chislehurst, 21.1% of residents are recorded as possessing school level qualifications and 56.6% 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 11, Acers 2, Chislehurst, the average age was 42.8 and the most common age was 47.
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 11, Acers 2, Chislehurst, 1.7% 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 11, Acers 2, Chislehurst, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.