According to the public record, Flat 150, Lemare Lodge, Bromley is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 831 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Lemare Lodge, Fair Acres, Bromley, BR2.
Fair Acres, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
Flat 150, Lemare Lodge, Bromley has 31 entries in the Land Registry database, most recently in July 2009 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 150 Lemare Lodge Bromley as £305,071 and the rental value as £1,499 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 150 Lemare Lodge Bromley has decreased by £336 (0.1%) and its rental value has increased by £65 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 150, Lemare Lodge, Bromley is in very good condition we estimate a sale value of £320,325 and rental value of £1,574 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,716 and a rental value of £1,394 per month.
If you were able to purchase this property for the estimated value of £305,071, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,499 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 150, Lemare Lodge, Bromley was last sold on 24 Jul 2009 for £172,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2009, the market for similar properties has risen 79.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 150, Lemare Lodge, Bromley within a radius of 730 metres over the last 2 years.
The most recent example is Flat 14, Britten Lodge, Fair Acres, Bromley, BR2 9BT, a Leasehold flat which sold for £307,500 in Nov 2023.
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 150, Lemare Lodge, Bromley is the 47th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £279k less expensive than the average property in BR2.
The closest station to Flat 150, Lemare Lodge, Bromley is Bromley South station which is 1.1 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 150, Lemare 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 150, Lemare 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 150, Lemare 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 150, Lemare 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 150, Lemare 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.