According to the public record, Flat 2, Ometa Heights 296, Thornton Heath is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Ometa Heights, Brigstock Road, Thornton Heath, CR7.
Brigstock Road, Thornton Heath, CR7 is located in the borough of Croydon within the CR7 postal district.
Flat 2, Ometa Heights 296, Thornton Heath has a single entry in the Land Registry database from March 2020 and a single entry in the EPC database dated December 2018.
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 Ometa Heights 296 Thornton Heath as £274,300 and the rental value as £1,260 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 2 Ometa Heights 296 Thornton Heath has increased by £5,994 (2.2%) and its rental value has increased by £30 per month (2.4%).
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, Ometa Heights 296, Thornton Heath is in very good condition we estimate a sale value of £288,015 and rental value of £1,323 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £255,099 and a rental value of £1,172 per month.
If you were able to purchase this property for the estimated value of £274,300, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,348 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, Ometa Heights 296, Thornton Heath was last sold on 06 Mar 2020 for £299,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2020, the market for similar properties has risen 5.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Ometa Heights 296, Thornton Heath within a radius of 360 metres over the last 2 years.
The most recent example is Flat 3, 168, Frant Road, Thornton Heath, CR7 7JW, a Leasehold flat which sold for £230,000 in Apr 2020.
Read more about house prices in CR7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Brigstock Road, Thornton Heath, CR7 has a total of 571 addresses. According to our analysis of all the public data, Flat 2, Ometa Heights 296, Thornton Heath is the 310th largest and the 153rd most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in CR7.
Flat 2, Ometa Heights 296, Thornton Heath has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Dec 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, Ometa Heights 296, Thornton Heath is Thornton Heath station which is 800 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, Ometa Heights 296, Thornton Heath, 40.3% of property is privately owned with a mortgage and 28.6% 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, Ometa Heights 296, Thornton Heath, 24.6% of residents are recorded as possessing school level qualifications and 34.6% 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, Ometa Heights 296, Thornton Heath, the average age was 37.3 and the most common age was 27.
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, Ometa Heights 296, Thornton Heath, 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, Ometa Heights 296, Thornton Heath, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.