According to the public record, Flat 2, 15, Shortlands Grove, Bromley is a period leasehold apartment with 968 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 15, Shortlands Grove, Bromley, BR2.
Shortlands Grove, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
Flat 2, 15, Shortlands Grove, Bromley has 21 entries in the Land Registry database, most recently in October 2020 and a single entry in the EPC database dated December 2016.
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 2 15 Shortlands Grove Bromley as £482,270 and the rental value as £2,010 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Flat 2 15 Shortlands Grove Bromley has increased by £10,765 (2.2%) and its rental value has increased by £113 per month (5.6%).
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 2, 15, Shortlands Grove, Bromley is in very good condition we estimate a sale value of £506,383 and rental value of £2,110 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £448,511 and a rental value of £1,869 per month.
If you were able to purchase this property for the estimated value of £482,270, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,370 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 2, 15, Shortlands Grove, Bromley was last sold on 29 Oct 2020 for £475,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2020, the market for similar properties has risen 4.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 15, Shortlands Grove, Bromley within a radius of 550 metres over the last 2 years.
The most recent example is Flat D, 4, Kingswood Road, Bromley, BR2 0HQ, a Leasehold flat which sold for £460,000 in Apr 2024.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shortlands Grove, Bromley, BR2 has a total of 117 addresses. According to our analysis of all the public data, Flat 2, 15, Shortlands Grove, Bromley is the 19th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £101k less expensive than the average property in BR2.
Flat 2, 15, Shortlands Grove, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Dec 2016.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, 15, Shortlands Grove, Bromley is Shortlands 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 2, 15, Shortlands Grove, Bromley, 36.0% of property is privately owned outright and 35.3% is privately 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 2, 15, Shortlands Grove, Bromley, 12.1% of residents are recorded as possessing school level qualifications and 53.3% 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 2, 15, Shortlands Grove, Bromley, the average age was 42 and the most common age was 37.
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 2, 15, Shortlands Grove, Bromley, 2.0% 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 2, 15, Shortlands Grove, Bromley, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.