According to the public record, Flat 37, Handel Lodge, Bromley is a mid-century leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Handel Lodge, Fair Acres, Bromley, BR2.
Fair Acres, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
Flat 37, Handel Lodge, Bromley has 51 entries in the Land Registry database, most recently in March 2022 and a single entry in the EPC database dated September 2014.
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 37 Handel Lodge Bromley as £283,216 and the rental value as £1,400 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 37 Handel Lodge Bromley has increased by £2,107 (0.7%) and its rental value has increased by £73 per month (5.2%).
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 37, Handel Lodge, Bromley is in very good condition we estimate a sale value of £297,377 and rental value of £1,470 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £263,391 and a rental value of £1,302 per month.
If you were able to purchase this property for the estimated value of £283,216, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,392 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 37, Handel Lodge, Bromley was last sold on 18 Mar 2022 for £325,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Mar 2022, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 37, Handel Lodge, Bromley within a radius of 720 metres over the last 2 years.
The most recent example is Flat 87, Holst Lodge, Fair Acres, Bromley, BR2 9BW, a Leasehold flat which sold for £315,000 in Dec 2023.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fair Acres, Bromley, BR2 has a total of 222 addresses. According to our analysis of all the public data, Flat 37, Handel Lodge, Bromley is the 75th largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £300k less expensive than the average property in BR2.
Flat 37, Handel Lodge, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Sep 2014.
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 37, Handel Lodge, Bromley is Bromley South 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 37, Handel Lodge, Bromley, 33.9% of property is privately owned with a mortgage and 33.9% is privately rented.
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 37, Handel Lodge, Bromley, 16.9% of residents are recorded as possessing school level qualifications and 45.5% 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 37, Handel Lodge, Bromley, the average age was 38.4 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 37, Handel Lodge, Bromley, 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 37, Handel Lodge, Bromley, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.