According to the public record, Flat 7, 13, Russell Hill, Purley is a modern leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 13, Russell Hill, Purley, CR8.
Russell Hill, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 7, 13, Russell Hill, Purley has 4 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated September 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 reasonable condition, we estimate the current sale value for Flat 7 13 Russell Hill Purley as £318,505 and the rental value as £1,530 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 7 13 Russell Hill Purley has decreased by £1,295 (0.4%) and its rental value has increased by £36 per month (2.4%).
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 7, 13, Russell Hill, Purley is in very good condition we estimate a sale value of £334,431 and rental value of £1,606 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £296,210 and a rental value of £1,423 per month.
If you were able to purchase this property for the estimated value of £318,505, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,565 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 7, 13, Russell Hill, Purley was last sold on 27 Sep 2021 for £325,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2021, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, 13, Russell Hill, Purley within a radius of 580 metres over the last 2 years.
The most recent example is Flat 11, 4, Woodcote Valley Road, Purley, CR8 3AG, a Leasehold flat which sold for £275,000 in May 2022.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Russell Hill, Purley, CR8 has a total of 222 addresses. According to our analysis of all the public data, Flat 7, 13, Russell Hill, Purley is the 146th largest and the 180th most expensive property on the street.
When compared to the postcode district it is £270k less expensive than the average property in CR8.
Flat 7, 13, Russell Hill, Purley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Sep 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 7, 13, Russell Hill, Purley is Purley 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 7, 13, Russell Hill, Purley, 52.6% of property is privately owned outright and 43.0% is privately owned with a mortgage.
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 7, 13, Russell Hill, Purley, 16.4% of residents are recorded as possessing school level qualifications and 62.7% 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 7, 13, Russell Hill, 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 7, 13, Russell Hill, Purley, 2.6% 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 7, 13, Russell Hill, Purley, there are an average of 1.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.