According to the public record, Flat 3, 15, Grovelands Road, Purley is a modern leasehold apartment with 893 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 15, Grovelands Road, Purley, CR8.
Grovelands Road, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 3, 15, Grovelands Road, Purley has 3 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated April 2016.
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 15 Grovelands Road Purley as £379,952 and the rental value as £1,680 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 3 15 Grovelands Road Purley has increased by £8,097 (2.1%) and its rental value has increased by £86 per month (5.1%).
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 3, 15, Grovelands Road, Purley is in very good condition we estimate a sale value of £398,950 and rental value of £1,764 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £353,355 and a rental value of £1,563 per month.
If you were able to purchase this property for the estimated value of £379,952, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,867 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, 15, Grovelands Road, Purley was last sold on 19 Mar 2021 for £337,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2021, the market for similar properties has risen 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 15, Grovelands Road, Purley within a radius of 640 metres over the last 2 years.
The most recent example is Flat 8, 15, Grovelands Road, Purley, CR8 4LB, a Leasehold flat which sold for £354,000 in Mar 2023.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grovelands Road, Purley, CR8 has a total of 63 addresses. According to our analysis of all the public data, Flat 3, 15, Grovelands Road, Purley is the 29th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £209k less expensive than the average property in CR8.
Flat 3, 15, Grovelands Road, Purley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Apr 2016.
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 3, 15, Grovelands Road, Purley is Reedham (London) station which is 300 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, 15, Grovelands Road, Purley, 46.4% of property is privately owned with a mortgage and 42.9% is privately owned outright.
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, 15, Grovelands Road, Purley, 20.1% of residents are recorded as possessing school level qualifications and 58.6% 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 3, 15, Grovelands Road, Purley, the average age was 42.8 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 3, 15, Grovelands Road, Purley, 0.5% 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, 15, Grovelands Road, Purley, there are an average of 1.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.