According to the public record, Flat 2, Merchant Court 142, Croydon is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Merchant Court, Lebanon Road, Croydon, CR0.
Lebanon Road, Croydon, CR0 is located in the borough of Croydon within the CR0 postal district.
Flat 2, Merchant Court 142, Croydon has 31 entries in the Land Registry database, most recently in February 2016 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 Merchant Court 142 Croydon as £278,780 and the rental value as £1,356 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 2 Merchant Court 142 Croydon has increased by £4,132 (1.5%) and its rental value has increased by £28 per month (2.1%).
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, Merchant Court 142, Croydon is in very good condition we estimate a sale value of £292,719 and rental value of £1,424 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £259,266 and a rental value of £1,261 per month.
If you were able to purchase this property for the estimated value of £278,780, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,370 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, Merchant Court 142, Croydon was last sold on 26 Feb 2016 for £272,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2016, the market for similar properties has risen 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Merchant Court 142, Croydon within a radius of 320 metres over the last 2 years.
The most recent example is Flat 1, 19, Morland Road, Croydon, CR0 6HA, a Leasehold flat which sold for £255,000 in May 2022.
Read more about house prices in CR0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lebanon Road, Croydon, CR0 has a total of 165 addresses. According to our analysis of all the public data, Flat 2, Merchant Court 142, Croydon is the 141st largest and the 143rd most expensive property on the street.
When compared to the postcode district it is £95k less expensive than the average property in CR0.
Flat 2, Merchant Court 142, Croydon has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Dec 2015.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 2, Merchant Court 142, Croydon is East Croydon station which is 600 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, Merchant Court 142, Croydon, 53.4% of property is privately rented and 19.6% 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, Merchant Court 142, Croydon, 18.2% of residents are recorded as possessing school level qualifications and 42.1% 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, Merchant Court 142, Croydon, the average age was 36.6 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, Merchant Court 142, 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 2, Merchant Court 142, Croydon, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.