According to the public record, Flat 3, 1, More Close, Purley is a modern leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1, More Close, Purley, CR8.
More Close, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 3, 1, More Close, Purley has a single entry in the Land Registry database from January 2023 and a single entry in the EPC database dated April 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 reasonable condition, we estimate the current sale value for Flat 3 1 More Close Purley as £422,847 and the rental value as £1,795 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 3 1 More Close Purley has increased by £6,530 (1.5%) and its rental value has increased by £78 per month (4.4%).
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 3, 1, More Close, Purley is in very good condition we estimate a sale value of £443,990 and rental value of £1,884 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £393,248 and a rental value of £1,669 per month.
If you were able to purchase this property for the estimated value of £422,847, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,078 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 3, 1, More Close, Purley was last sold on 20 Jan 2023 for £425,000 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 3, 1, More Close, Purley within a radius of 510 metres over the last 2 years.
The most recent example is Flat 5, Moreland Mansions 2, More Close, Purley, CR8 2FX, a Leasehold flat which sold for £300,000 in May 2022.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
More Close, Purley, CR8 has a total of 39 addresses. According to our analysis of all the public data, Flat 3, 1, More Close, Purley is the 29th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £166k less expensive than the average property in CR8.
Flat 3, 1, More Close, Purley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Apr 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to Flat 3, 1, More Close, Purley is Purley station which is 500 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 3, 1, More Close, Purley, 52.6% of property is privately owned outright and 43.0% 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 3, 1, More Close, Purley, 16.4% of residents are recorded as possessing school level qualifications and 62.7% 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 3, 1, More Close, 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 3, 1, More Close, Purley, 2.6% 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 3, 1, More Close, Purley, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.