According to the public record, Flat 172 Tower 1, Croydon is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Newgate Tower, Newgate, Croydon, CR0.
Newgate, Croydon, CR0 is located in the borough of Croydon within the CR0 postal district.
Flat 172 Tower 1, Croydon has a single entry in the Land Registry database from July 2015 and a single entry in the EPC database dated December 2015.
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 172 Tower 1 Croydon as £262,410 and the rental value as £1,193 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 172 Tower 1 Croydon has decreased by £77 (0.0%) and its rental value has increased by £7 per month (0.6%).
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 172 Tower 1, Croydon is in very good condition we estimate a sale value of £275,530 and rental value of £1,253 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,041 and a rental value of £1,110 per month.
If you were able to purchase this property for the estimated value of £262,410, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,290 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 172 Tower 1, Croydon was last sold on 24 Jul 2015 for £265,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2015, the market for similar properties has risen 11.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 172 Tower 1, Croydon within a radius of 310 metres over the last 2 years.
The most recent example is Flat 17, Cavendish House 12, Tavistock Road, Croydon, CR0 2AN, a Leasehold flat which sold for £222,000 in Nov 2023.
Read more about house prices in CR0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newgate, Croydon, CR0 has a total of 183 addresses. According to our analysis of all the public data, Flat 172 Tower 1, Croydon is the 179th largest and the 183rd most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in CR0.
Flat 172 Tower 1, Croydon has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Dec 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using elecric underfloor heating.
The closest station to Flat 172 Tower 1, Croydon is West Croydon station which is 500 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 172 Tower 1, Croydon, 53.8% of property is privately rented and 20.3% is socially rented.
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 172 Tower 1, Croydon, 14.9% of residents are recorded as possessing school level qualifications and 28.9% 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 172 Tower 1, Croydon, the average age was 33.4 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 172 Tower 1, 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 172 Tower 1, Croydon, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.