According to the public record, Flat 3, Fortune House 11C, Purley is a period leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Fortune House, High Street, Purley, CR8.
High Street, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 3, Fortune House 11C, Purley has a single entry in the Land Registry database from February 2022 and a single entry in the EPC database dated May 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 Fortune House 11C Purley as £284,343 and the rental value as £1,253 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 3 Fortune House 11C Purley has increased by £6,007 (2.1%) and its rental value has increased by £64 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, Fortune House 11C, Purley is in very good condition we estimate a sale value of £298,560 and rental value of £1,316 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £264,439 and a rental value of £1,165 per month.
If you were able to purchase this property for the estimated value of £284,343, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,397 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, Fortune House 11C, Purley was last sold on 02 Feb 2022 for £325,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2022, the market for similar properties has risen 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Fortune House 11C, Purley within a radius of 460 metres over the last 2 years.
The most recent example is Flat 36, Venture Lofts 15, High Street, Purley, CR8 2FQ, a Leasehold flat which sold for £240,000 in Apr 2023.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
High Street, Purley, CR8 has a total of 225 addresses. According to our analysis of all the public data, Flat 3, Fortune House 11C, Purley is the 178th largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £305k less expensive than the average property in CR8.
Flat 3, Fortune House 11C, Purley has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 20 May 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using elecric underfloor heating.
The closest station to Flat 3, Fortune House 11C, Purley is Purley station which is 200 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, Fortune House 11C, 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, Fortune House 11C, 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, Fortune House 11C, 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, Fortune House 11C, 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, Fortune House 11C, 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.