According to the public record, Flat 3, 2, Russell Hill Road, Purley is a period leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Russell Hill Road, Purley, CR8.
Russell Hill Road, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 3, 2, Russell Hill Road, Purley has 41 entries in the Land Registry database, most recently in December 2016 and a single entry in the EPC database dated July 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 2 Russell Hill Road Purley as £216,627 and the rental value as £1,195 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 3 2 Russell Hill Road Purley has increased by £4,413 (2.0%) and its rental value has increased by £60 per month (5.0%).
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, 2, Russell Hill Road, Purley is in very good condition we estimate a sale value of £227,458 and rental value of £1,255 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,463 and a rental value of £1,112 per month.
If you were able to purchase this property for the estimated value of £216,627, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,065 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, 2, Russell Hill Road, Purley was last sold on 22 Dec 2016 for £227,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2016, the market for similar properties has risen 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 2, Russell Hill Road, Purley within a radius of 460 metres over the last 2 years.
The most recent example is Flat 1, Purley Heights 124, High Street, Purley, CR8 2AD, a Leasehold flat which sold for £240,000 in Oct 2023.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Russell Hill Road, Purley, CR8 has a total of 119 addresses. According to our analysis of all the public data, Flat 3, 2, Russell Hill Road, Purley is the 110th largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £372k less expensive than the average property in CR8.
Flat 3, 2, Russell Hill Road, Purley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Jul 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, 2, Russell Hill Road, Purley is Purley 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, 2, Russell Hill Road, Purley, 48.3% of property is privately owned with a mortgage and 42.5% 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, 2, Russell Hill Road, Purley, 20.7% of residents are recorded as possessing school level qualifications and 60.6% 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, 2, Russell Hill Road, 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, 2, Russell Hill Road, Purley, 3.4% 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, 2, Russell Hill Road, Purley, there are an average of 1.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.