According to the public record, Flat 4, 37, Plough Lane, Purley is a period leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 37, Plough Lane, Purley, CR8.
Plough Lane, Purley, CR8 is located in the borough of Sutton within the CR8 postal district.
Flat 4, 37, Plough Lane, Purley has 2 entries in the Land Registry database, most recently in February 2023 and a single entry in the EPC database dated May 2017.
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 37 Plough Lane Purley as £263,057 and the rental value as £1,343 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 4 37 Plough Lane Purley has decreased by £92 (0.0%) and its rental value has increased by £35 per month (2.6%).
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, 37, Plough Lane, Purley is in very good condition we estimate a sale value of £276,210 and rental value of £1,410 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,643 and a rental value of £1,249 per month.
If you were able to purchase this property for the estimated value of £263,057, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,293 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, 37, Plough Lane, Purley was last sold on 02 Feb 2023 for £269,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2023, the market for similar properties has dropped 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 37, Plough Lane, Purley within a radius of 800 metres over the last 2 years.
The most recent example is 12, Mariette Way, Wallington, SM6 9NL, a Leasehold flat which sold for £270,000 in Jun 2023.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Plough Lane, Purley, CR8 has a total of 133 addresses. According to our analysis of all the public data, Flat 4, 37, Plough Lane, Purley is the 132nd largest and the 133rd most expensive property on the street.
When compared to the postcode district it is £326k less expensive than the average property in CR8.
Flat 4, 37, Plough Lane, Purley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 May 2017.
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, 37, Plough Lane, Purley is Purley station which is 1.4 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 4, 37, Plough Lane, Purley, 49.1% of property is privately owned with a mortgage and 40.4% 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 4, 37, Plough Lane, Purley, 18.8% of residents are recorded as possessing school level qualifications and 47.9% 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, 37, Plough Lane, Purley, the average age was 42 and the most common age was 57.
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, 37, Plough Lane, Purley, 0.6% 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 4, 37, Plough Lane, Purley, 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.