According to the public record, Flat 6, Bennat Apartments 78, Purley is a modern leasehold apartment with 1,054 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Bennat Apartments, Higher Drive, Purley, CR8.
Higher Drive, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 6, Bennat Apartments 78, Purley has a single entry in the Land Registry database from March 2022 and a single entry in the EPC database dated October 2021.
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 good condition, we estimate the current sale value for Flat 6 Bennat Apartments 78 Purley as £458,677 and the rental value as £1,940 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 6 Bennat Apartments 78 Purley has increased by £9,906 (2.2%) and its rental value has increased by £101 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 6, Bennat Apartments 78, Purley is in very good condition we estimate a sale value of £481,611 and rental value of £2,037 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £426,569 and a rental value of £1,804 per month.
If you were able to purchase this property for the estimated value of £458,677, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,254 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 6, Bennat Apartments 78, Purley was last sold on 24 Mar 2022 for £465,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has dropped 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, Bennat Apartments 78, Purley within a radius of 620 metres over the last 2 years.
The most recent example is Flat 4, Broadoak Court 1, Cullesden Road, Kenley, CR8 5LR, a Leasehold flat which sold for £450,000 in Apr 2022.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Higher Drive, Purley, CR8 has a total of 190 addresses. According to our analysis of all the public data, Flat 6, Bennat Apartments 78, Purley is the 118th largest and the 118th most expensive property on the street.
When compared to the postcode district it is £130k less expensive than the average property in CR8.
Flat 6, Bennat Apartments 78, Purley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Oct 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 6, Bennat Apartments 78, Purley is Reedham (London) station which is 700 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 6, Bennat Apartments 78, Purley, 46.0% of property is privately owned with a mortgage and 39.5% 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 6, Bennat Apartments 78, Purley, 19.4% of residents are recorded as possessing school level qualifications and 49.2% 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 6, Bennat Apartments 78, Purley, the average age was 38.7 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 6, Bennat Apartments 78, Purley, 1.0% 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 6, Bennat Apartments 78, 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.