According to the public record, Flat 24, Meycroft 20, Bromley is a mid-century leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Meycroft, Bourne Way, Bromley, BR2.
Bourne Way, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
Flat 24, Meycroft 20, Bromley has 51 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated July 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 24 Meycroft 20 Bromley as £292,471 and the rental value as £1,369 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 24 Meycroft 20 Bromley has decreased by £731 (0.2%) and its rental value has increased by £52 per month (3.8%).
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 24, Meycroft 20, Bromley is in very good condition we estimate a sale value of £307,095 and rental value of £1,438 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,998 and a rental value of £1,273 per month.
If you were able to purchase this property for the estimated value of £292,471, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,437 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 24, Meycroft 20, Bromley was last sold on 10 Jun 2021 for £327,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Jun 2021, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 24, Meycroft 20, Bromley within a radius of 630 metres over the last 2 years.
The most recent example is Flat 28, Meycroft 20, Bourne Way, Bromley, BR2 7HB, a Leasehold flat which sold for £160,000 in Nov 2023.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bourne Way, Bromley, BR2 has a total of 104 addresses. According to our analysis of all the public data, Flat 24, Meycroft 20, Bromley is the 92nd largest and the 91st most expensive property on the street.
When compared to the postcode district it is £291k less expensive than the average property in BR2.
Flat 24, Meycroft 20, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Jul 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 24, Meycroft 20, Bromley is Hayes (Kent) station which is 100 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 24, Meycroft 20, Bromley, 46.9% of property is privately owned outright and 31.9% is privately owned with a mortgage.
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 24, Meycroft 20, Bromley, 15.8% of residents are recorded as possessing school level qualifications and 42.5% 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 24, Meycroft 20, Bromley, the average age was 42.9 and the most common age was 57.
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 24, Meycroft 20, Bromley, 1.9% 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 24, Meycroft 20, Bromley, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.