According to the public record, Flat 3, 22, Oaklands Road, Bromley is a mid-century leasehold apartment with 2,002 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 22, Oaklands Road, Bromley, BR1.
Oaklands Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
Flat 3, 22, Oaklands Road, Bromley has 2 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated December 2021.
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 22 Oaklands Road Bromley as £606,467 and the rental value as £2,741 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 3 22 Oaklands Road Bromley has increased by £6,316 (1.0%) and its rental value has increased by £111 per month (4.1%).
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, 22, Oaklands Road, Bromley is in very good condition we estimate a sale value of £636,791 and rental value of £2,878 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £564,015 and a rental value of £2,549 per month.
If you were able to purchase this property for the estimated value of £606,467, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,981 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, 22, Oaklands Road, Bromley was last sold on 23 Jun 2022 for £615,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2022, the market for similar properties has dropped 0.6%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 3, 22, Oaklands Road, Bromley within a radius of 510 metres over the last 2 years.
The most recent example is Flat 1, 22, Oaklands Road, Bromley, BR1 3SL, a Leasehold flat which sold for £520,000 in Apr 2017.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oaklands Road, Bromley, BR1 has a total of 259 addresses. According to our analysis of all the public data, Flat 3, 22, Oaklands Road, Bromley is the 7th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £80k more expensive than the average property in BR1.
Flat 3, 22, Oaklands Road, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Dec 2021.
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, 22, Oaklands Road, Bromley is Ravensbourne station which is 900 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, 22, Oaklands Road, Bromley, 38.2% of property is privately rented and 30.0% 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, 22, Oaklands Road, Bromley, 15.9% of residents are recorded as possessing school level qualifications and 52.3% 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, 22, Oaklands Road, Bromley, the average age was 42 and the most common age was 37.
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, 22, Oaklands Road, Bromley, 2.2% 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, 22, Oaklands Road, Bromley, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.