According to the public record, Flat 15, 88, Park Lane, Croydon is a modern leasehold apartment with 1,049 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in 88, Park Lane, Croydon, CR0.
Park Lane, Croydon, CR0 is located in the borough of Croydon within the CR0 postal district.
Flat 15, 88, Park Lane, Croydon has 21 entries in the Land Registry database, most recently in September 2018 and a single entry in the EPC database dated April 2011.
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 15 88 Park Lane Croydon as £345,320 and the rental value as £1,783 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 15 88 Park Lane Croydon has decreased by £1,356 (0.4%) and its rental value has increased by £13 per month (0.7%).
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 15, 88, Park Lane, Croydon is in very good condition we estimate a sale value of £362,586 and rental value of £1,872 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £321,147 and a rental value of £1,658 per month.
If you were able to purchase this property for the estimated value of £345,320, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,697 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 15, 88, Park Lane, Croydon was last sold on 26 Sep 2018 for £381,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2018, the market for similar properties has dropped 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 15, 88, Park Lane, Croydon within a radius of 260 metres over the last 2 years.
The most recent example is Flat 187, Centrillion Point 2, Masons Avenue, Croydon, CR0 9WY, a Leasehold flat which sold for £415,000 in Nov 2023.
Read more about house prices in CR0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Lane, Croydon, CR0 has a total of 376 addresses. According to our analysis of all the public data, Flat 15, 88, Park Lane, Croydon is the 8th largest and the 66th most expensive property on the street.
When compared to the postcode district it is £28k less expensive than the average property in CR0.
Flat 15, 88, Park Lane, Croydon has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Apr 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 15, 88, Park Lane, Croydon is South Croydon station which is 700 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 15, 88, Park Lane, Croydon, 45.7% of property is privately rented and 23.8% 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 15, 88, Park Lane, Croydon, 23.8% of residents are recorded as possessing school level qualifications and 47.9% 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 15, 88, Park Lane, Croydon, the average age was 46.3 and the most common age was 57.
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 15, 88, Park Lane, Croydon, 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 Flat 15, 88, Park Lane, Croydon, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.