According to the public record, Flat 39, The Laurels 1, Bromley is a mid-century leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Laurels, Homefield Road, Bromley, BR1.
Homefield Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
Flat 39, The Laurels 1, Bromley has 51 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated July 2013.
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 39 The Laurels 1 Bromley as £281,886 and the rental value as £1,408 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 39 The Laurels 1 Bromley has increased by £5,726 (2.0%) and its rental value has increased by £70 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 39, The Laurels 1, Bromley is in very good condition we estimate a sale value of £295,980 and rental value of £1,479 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £262,154 and a rental value of £1,310 per month.
If you were able to purchase this property for the estimated value of £281,886, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,385 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 39, The Laurels 1, Bromley was last sold on 10 Dec 2021 for £279,995 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Dec 2021, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 39, The Laurels 1, Bromley within a radius of 440 metres over the last 2 years.
The most recent example is Flat 1, Cromarty Court 126-128, Widmore Road, Bromley, BR1 3BX, a Leasehold flat which sold for £317,000 in Apr 2024.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Homefield Road, Bromley, BR1 has a total of 117 addresses. According to our analysis of all the public data, Flat 39, The Laurels 1, Bromley is the 101st largest and the 102nd most expensive property on the street.
When compared to the postcode district it is £245k less expensive than the average property in BR1.
Flat 39, The Laurels 1, Bromley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Jul 2013.
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 39, The Laurels 1, Bromley is Bromley North 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 39, The Laurels 1, Bromley, 31.9% of property is privately rented and 30.4% 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 39, The Laurels 1, Bromley, 18.7% of residents are recorded as possessing school level qualifications and 53.3% 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 39, The Laurels 1, Bromley, the average age was 38.2 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 39, The Laurels 1, Bromley, 1.3% 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 39, The Laurels 1, Bromley, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.