According to the public record, Flat 2, Mek Villas 86, London is a modern leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Mek Villas, Holmesdale Road, London, SE25.
Holmesdale Road, London, SE25 is located in the borough of Croydon within the SE25 postal district.
Flat 2, Mek Villas 86, London has a single entry in the Land Registry database from January 2023 and a single entry in the EPC database dated February 2022.
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 good condition, we estimate the current sale value for Flat 2 Mek Villas 86 London as £288,737 and the rental value as £1,407 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 2 Mek Villas 86 London has increased by £3,264 (1.1%) and its rental value has increased by £14 per month (1.0%).
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, Mek Villas 86, London is in very good condition we estimate a sale value of £303,173 and rental value of £1,477 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £268,525 and a rental value of £1,308 per month.
If you were able to purchase this property for the estimated value of £288,737, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,419 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, Mek Villas 86, London was last sold on 05 Jan 2023 for £350,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2023, the market for similar properties has dropped 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Mek Villas 86, London within a radius of 360 metres over the last 2 years.
The most recent example is 70A, Holmesdale Road, London, SE25 6JF, a Leasehold flat which sold for £250,000 in Oct 2023.
Read more about house prices in SE25.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Holmesdale Road, London, SE25 has a total of 481 addresses. According to our analysis of all the public data, Flat 2, Mek Villas 86, London is the 341st largest and the 286th most expensive property on the street.
When compared to the postcode district it is £82k less expensive than the average property in SE25.
Flat 2, Mek Villas 86, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Feb 2022.
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, Mek Villas 86, London is Selhurst 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, Mek Villas 86, London, 44.6% of property is privately owned with a mortgage and 31.5% 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, Mek Villas 86, London, 20.6% of residents are recorded as possessing school level qualifications and 43.2% 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, Mek Villas 86, London, the average age was 35.4 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, Mek Villas 86, London, 1.3% 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, Mek Villas 86, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.