According to the public record, Flat 130, Elgar Lodge, Bromley is a mid-century leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Elgar Lodge, Fair Acres, Bromley, BR2.
Fair Acres, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
Flat 130, Elgar Lodge, Bromley has 31 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated April 2023.
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 130 Elgar Lodge Bromley as £224,259 and the rental value as £1,147 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 130 Elgar Lodge Bromley has decreased by £247 (0.1%) and its rental value has increased by £50 per month (4.3%).
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 130, Elgar Lodge, Bromley is in very good condition we estimate a sale value of £235,472 and rental value of £1,204 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £208,561 and a rental value of £1,067 per month.
If you were able to purchase this property for the estimated value of £224,259, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,102 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 130, Elgar Lodge, Bromley was last sold on 16 Oct 2023 for £221,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2023, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 130, Elgar Lodge, Bromley within a radius of 750 metres over the last 2 years.
The most recent example is Flat 169, Elgar Lodge, Fair Acres, Bromley, BR2 9BP, a Leasehold flat which sold for £220,000 in Aug 2022.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fair Acres, Bromley, BR2 has a total of 222 addresses. According to our analysis of all the public data, Flat 130, Elgar Lodge, Bromley is the 165th largest and the 160th most expensive property on the street.
When compared to the postcode district it is £359k less expensive than the average property in BR2.
Flat 130, Elgar Lodge, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Apr 2023.
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 Flat 130, Elgar Lodge, Bromley is Bromley South station which is 1.2 kilometres 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 130, Elgar Lodge, Bromley, 41.6% of property is privately rented and 32.9% 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 130, Elgar Lodge, Bromley, 14.9% of residents are recorded as possessing school level qualifications and 48.1% 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 130, Elgar Lodge, 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 Flat 130, Elgar Lodge, Bromley, 0.6% 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 130, Elgar Lodge, Bromley, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.