According to the public record, Flat 6, Mandalay Apartments 96A, Purley is a modern leasehold apartment with 904 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Mandalay Apartments, Riddlesdown Road, Purley, CR8.
Riddlesdown Road, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 6, Mandalay Apartments 96A, Purley has a single entry in the Land Registry database from June 2020 and a single entry in the EPC database dated August 2019.
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 Mandalay Apartments 96A Purley as £466,769 and the rental value as £2,003 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 6 Mandalay Apartments 96A Purley has increased by £9,756 (2.1%) and its rental value has increased by £102 per month (5.1%).
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, Mandalay Apartments 96A, Purley is in very good condition we estimate a sale value of £490,108 and rental value of £2,103 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £434,095 and a rental value of £1,863 per month.
If you were able to purchase this property for the estimated value of £466,769, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,294 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, Mandalay Apartments 96A, Purley was last sold on 08 Jun 2020 for £460,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2020, 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 6, Mandalay Apartments 96A, Purley within a radius of 650 metres over the last 2 years.
The most recent example is Flat 3, Mandalay Apartments 96A, Riddlesdown Road, Purley, CR8 1DD, a Leasehold flat which sold for £465,000 in Oct 2020.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Riddlesdown Road, Purley, CR8 has a total of 208 addresses. According to our analysis of all the public data, Flat 6, Mandalay Apartments 96A, Purley is the 158th largest and the 166th most expensive property on the street.
When compared to the postcode district it is £122k less expensive than the average property in CR8.
Flat 6, Mandalay Apartments 96A, Purley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Aug 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler with both radiators and underfloor heating.
The closest station to Flat 6, Mandalay Apartments 96A, Purley is Riddlesdown station which is 500 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, Mandalay Apartments 96A, Purley, 48.2% of property is privately owned with a mortgage and 44.0% 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, Mandalay Apartments 96A, Purley, 22.4% of residents are recorded as possessing school level qualifications and 54.9% 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 6, Mandalay Apartments 96A, Purley, the average age was 40.9 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 6, Mandalay Apartments 96A, Purley, 2.7% 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, Mandalay Apartments 96A, Purley, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.