According to the public record, Flat 4, 29-31, Newlands Park, London is a period leasehold apartment with 376 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 29-31, Newlands Park, London, SE26.
Newlands Park, London, SE26 is located in the borough of Bromley within the SE26 postal district.
Flat 4, 29-31, Newlands Park, London has 41 entries in the Land Registry database, most recently in June 2019 and a single entry in the EPC database dated April 2022.
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 4 29-31 Newlands Park London as £233,783 and the rental value as £1,248 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 4 29-31 Newlands Park London has increased by £5,139 (2.2%) and its rental value has increased by £65 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 4, 29-31, Newlands Park, London is in very good condition we estimate a sale value of £245,472 and rental value of £1,310 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £217,418 and a rental value of £1,161 per month.
If you were able to purchase this property for the estimated value of £233,783, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,149 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 4, 29-31, Newlands Park, London was last sold on 28 Jun 2019 for £240,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2019, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 29-31, Newlands Park, London within a radius of 380 metres over the last 2 years.
The most recent example is Flat 7, 29-31, Newlands Park, London, SE26 5PN, a Leasehold flat which sold for £245,000 in Jan 2019.
Read more about house prices in SE26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newlands Park, London, SE26 has a total of 309 addresses. According to our analysis of all the public data, Flat 4, 29-31, Newlands Park, London is the 296th largest and the 307th most expensive property on the street.
When compared to the postcode district it is £246k less expensive than the average property in SE26.
Flat 4, 29-31, Newlands Park, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Apr 2022.
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 4, 29-31, Newlands Park, London is Penge East 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 4, 29-31, Newlands Park, London, 42.2% of property is privately owned with a mortgage and 21.1% 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 4, 29-31, Newlands Park, London, 13.2% of residents are recorded as possessing school level qualifications and 53.1% 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 4, 29-31, Newlands Park, London, the average age was 39 and the most common age was 37.
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 4, 29-31, Newlands Park, London, 2.3% 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 4, 29-31, Newlands Park, London, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.