According to the public record, Flat 2, Elmers Lodge 88, Beckenham is a modern leasehold apartment with 585 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Elmers Lodge, Croydon Road, Beckenham, BR3.
Croydon Road, Beckenham, BR3 is located in the borough of Bromley within the BR3 postal district.
Flat 2, Elmers Lodge 88, Beckenham has a single entry in the Land Registry database from January 2009 and a single entry in the EPC database dated November 2008.
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 Elmers Lodge 88 Beckenham as £295,331 and the rental value as £1,550 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 2 Elmers Lodge 88 Beckenham has decreased by £962 (0.3%) and its rental value has increased by £38 per month (2.5%).
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, Elmers Lodge 88, Beckenham is in very good condition we estimate a sale value of £310,098 and rental value of £1,627 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £274,658 and a rental value of £1,441 per month.
If you were able to purchase this property for the estimated value of £295,331, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,451 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, Elmers Lodge 88, Beckenham was last sold on 30 Jan 2009 for £61,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2009, the market for similar properties has risen 85.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Elmers Lodge 88, Beckenham within a radius of 560 metres over the last 2 years.
The most recent example is Flat 18, 160, Croydon Road, Beckenham, BR3 4FB, a Leasehold flat which sold for £262,500 in Oct 2022.
Read more about house prices in BR3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Croydon Road, Beckenham, BR3 has a total of 515 addresses. According to our analysis of all the public data, Flat 2, Elmers Lodge 88, Beckenham is the 319th largest and the 309th most expensive property on the street.
When compared to the postcode district it is £306k less expensive than the average property in BR3.
Flat 2, Elmers Lodge 88, Beckenham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Nov 2008.
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 2, Elmers Lodge 88, Beckenham is Elmers End station which is 200 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, Elmers Lodge 88, Beckenham, 31.1% of property is privately owned with a mortgage and 25.2% 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 2, Elmers Lodge 88, Beckenham, 26.7% of residents are recorded as possessing school level qualifications and 39.9% 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 2, Elmers Lodge 88, Beckenham, the average age was 39.4 and the most common age was 47.
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, Elmers Lodge 88, Beckenham, 0.3% 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, Elmers Lodge 88, Beckenham, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.