According to the public record, Flat 2, Gresham Court 11, Purley is a modern leasehold apartment with 904 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Gresham Court, Pampisford Road, Purley, CR8.
Pampisford Road, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 2, Gresham Court 11, Purley has 41 entries in the Land Registry database, most recently in January 2023 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 2 Gresham Court 11 Purley as £270,118 and the rental value as £1,432 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 2 Gresham Court 11 Purley has increased by £3,087 (1.1%) and its rental value has increased by £59 per month (4.1%).
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, Gresham Court 11, Purley is in very good condition we estimate a sale value of £283,624 and rental value of £1,504 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £251,210 and a rental value of £1,332 per month.
If you were able to purchase this property for the estimated value of £270,118, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,328 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, Gresham Court 11, Purley was last sold on 06 Jan 2023 for £217,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jan 2023, the market for similar properties has dropped 1.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Gresham Court 11, Purley within a radius of 490 metres over the last 2 years.
The most recent example is Flat 33, Gresham Court 11, Pampisford Road, Purley, CR8 2UU, a Leasehold flat which sold for £230,000 in Jul 2023.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pampisford Road, Purley, CR8 has a total of 215 addresses. According to our analysis of all the public data, Flat 2, Gresham Court 11, Purley is the 73rd largest and the 163rd most expensive property on the street.
When compared to the postcode district it is £319k less expensive than the average property in CR8.
Flat 2, Gresham Court 11, Purley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Dec 2015.
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, Gresham Court 11, Purley is Purley station which is 400 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, Gresham Court 11, Purley, 39.4% of property is socially rented and 31.3% is privately owned outright.
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, Gresham Court 11, Purley, 16.8% of residents are recorded as possessing school level qualifications and 35.4% 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, Gresham Court 11, Purley, the average age was 40.9 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 2, Gresham Court 11, Purley, 1.0% 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, Gresham Court 11, Purley, 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.