According to the public record, Flat 3, Norcot, South Croydon is a period leasehold apartment with 925 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in Norcot, Sanderstead Road, South Croydon, CR2.
Sanderstead Road, South Croydon, CR2 is located in the borough of Croydon within the CR2 postal district.
Flat 3, Norcot, South Croydon has 31 entries in the Land Registry database, most recently in September 2017 and a single entry in the EPC database dated April 2024.
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 Norcot South Croydon as £361,427 and the rental value as £1,832 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 3 Norcot South Croydon has increased by £8,162 (2.3%) and its rental value has increased by £91 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, Norcot, South Croydon is in very good condition we estimate a sale value of £379,498 and rental value of £1,924 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £336,127 and a rental value of £1,704 per month.
If you were able to purchase this property for the estimated value of £361,427, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,776 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, Norcot, South Croydon was last sold on 01 Sep 2017 for £364,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2017, the market for similar properties has risen 3.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Norcot, South Croydon within a radius of 630 metres over the last 2 years.
The most recent example is 17, Reddington Close, South Croydon, CR2 0QZ, a Leasehold flat which sold for £305,000 in Jun 2024.
Read more about house prices in CR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sanderstead Road, South Croydon, CR2 has a total of 322 addresses. According to our analysis of all the public data, Flat 3, Norcot, South Croydon is the 61st largest and the 107th most expensive property on the street.
When compared to the postcode district it is £134k less expensive than the average property in CR2.
Flat 3, Norcot, South Croydon has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Apr 2024.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, Norcot, South Croydon is Sanderstead station which is 600 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, Norcot, South Croydon, 54.0% of property is privately owned outright and 41.5% 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, Norcot, South Croydon, 18.6% of residents are recorded as possessing school level qualifications and 58.1% 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, Norcot, South Croydon, the average age was 44 and the most common age was 42.
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, Norcot, South Croydon, 3.6% 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, Norcot, South Croydon, there are an average of 1.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.