According to the public record, Flat 44, Handel Lodge, Bromley is a mid-century leasehold apartment with 839 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 44, Handel Lodge, Bromley has 2 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated May 2012.
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 44 Handel Lodge Bromley as £292,681 and the rental value as £1,437 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 44 Handel Lodge Bromley has increased by £2,178 (0.7%) and its rental value has increased by £75 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 44, Handel Lodge, Bromley is in very good condition we estimate a sale value of £307,315 and rental value of £1,509 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £272,193 and a rental value of £1,336 per month.
If you were able to purchase this property for the estimated value of £292,681, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,438 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 44, Handel Lodge, Bromley was last sold on 01 Nov 2021 for £295,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2021, the market for similar properties has risen 2.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 44, Handel Lodge, Bromley within a radius of 720 metres over the last 2 years.
The most recent example is Flat 14, Britten Lodge, Fair Acres, Bromley, BR2 9BT, a Leasehold flat which sold for £307,500 in Nov 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 44, Handel Lodge, Bromley is the 44th largest and the 61st most expensive property on the street.
When compared to the postcode district it is £291k less expensive than the average property in BR2.
Flat 44, Handel Lodge, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 May 2012.
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 44, 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 44, 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 44, 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 44, 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 44, 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 44, 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.