According to the public record, Flat 3, 27-29, Nicholson Road, Croydon is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 27-29, Nicholson Road, Croydon, CR0.
Nicholson Road, Croydon, CR0 is located in the borough of Croydon within the CR0 postal district.
Flat 3, 27-29, Nicholson Road, Croydon has a single entry in the Land Registry database from January 2022 and a single entry in the EPC database dated October 2020.
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 27-29 Nicholson Road Croydon as £215,958 and the rental value as £1,259 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 3 27-29 Nicholson Road Croydon has increased by £2,942 (1.4%) and its rental value has increased by £25 per month (2.0%).
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, 27-29, Nicholson Road, Croydon is in very good condition we estimate a sale value of £226,756 and rental value of £1,321 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £200,841 and a rental value of £1,170 per month.
If you were able to purchase this property for the estimated value of £215,958, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,061 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, 27-29, Nicholson Road, Croydon was last sold on 21 Jan 2022 for £195,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2022, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 27-29, Nicholson Road, Croydon within a radius of 330 metres over the last 2 years.
The most recent example is Flat 6, Farley Croft 55, Ashburton Road, Croydon, CR0 6AQ, a Leasehold flat which sold for £230,000 in Jan 2024.
Read more about house prices in CR0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nicholson Road, Croydon, CR0 has a total of 88 addresses. According to our analysis of all the public data, Flat 3, 27-29, Nicholson Road, Croydon is the 56th largest and the 74th most expensive property on the street.
When compared to the postcode district it is £158k less expensive than the average property in CR0.
Flat 3, 27-29, Nicholson Road, Croydon has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Oct 2020.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 3, 27-29, Nicholson Road, Croydon is East Croydon station which is 1.2 kilometres 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, 27-29, Nicholson Road, Croydon, 56.9% of property is privately rented and 19.4% 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, 27-29, Nicholson Road, Croydon, 15.2% of residents are recorded as possessing school level qualifications and 41.6% 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, 27-29, Nicholson Road, Croydon, the average age was 36.6 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, 27-29, Nicholson Road, Croydon, 0.0% 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, 27-29, Nicholson Road, Croydon, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.