According to the public record, Flat 3, 16, Elmfield Road, Bromley is a mid-century leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 16, Elmfield Road, Bromley, BR1.
Elmfield Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
Flat 3, 16, Elmfield Road, Bromley has a single entry in the Land Registry database from August 2018 and a single entry in the EPC database dated August 2017.
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 16 Elmfield Road Bromley as £344,858 and the rental value as £1,437 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Flat 3 16 Elmfield Road Bromley has increased by £7,217 (2.1%) and its rental value has increased by £77 per month (5.4%).
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, 16, Elmfield Road, Bromley is in very good condition we estimate a sale value of £362,101 and rental value of £1,509 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £320,718 and a rental value of £1,337 per month.
If you were able to purchase this property for the estimated value of £344,858, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,695 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, 16, Elmfield Road, Bromley was last sold on 02 Aug 2018 for £300,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2018, the market for similar properties has risen 7.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 16, Elmfield Road, Bromley within a radius of 510 metres over the last 2 years.
The most recent example is Flat 60, William House, Ringers Road, Bromley, BR1 1AG, a Leasehold flat which sold for £300,000 in Jul 2023.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elmfield Road, Bromley, BR1 has a total of 100 addresses. According to our analysis of all the public data, Flat 3, 16, Elmfield Road, Bromley is the 44th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £182k less expensive than the average property in BR1.
Flat 3, 16, Elmfield Road, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Aug 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 3, 16, Elmfield Road, Bromley is Bromley South 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, 16, Elmfield Road, Bromley, 51.1% of property is privately owned with a mortgage and 28.5% 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, 16, Elmfield Road, Bromley, 18.0% of residents are recorded as possessing school level qualifications and 61.4% 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, 16, Elmfield Road, Bromley, the average age was 38.4 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, 16, Elmfield Road, Bromley, 2.4% 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, 16, Elmfield Road, Bromley, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.