According to the public record, Flat 8, 16, Chestnut Grove, London is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 16, Chestnut Grove, London, SE20.
Chestnut Grove, London, SE20 is located in the borough of Bromley within the SE20 postal district.
Flat 8, 16, Chestnut Grove, London has 31 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated September 2020.
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 8 16 Chestnut Grove London as £311,205 and the rental value as £1,614 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 8 16 Chestnut Grove London has increased by £6,538 (2.1%) and its rental value has increased by £83 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 8, 16, Chestnut Grove, London is in very good condition we estimate a sale value of £326,765 and rental value of £1,694 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £289,421 and a rental value of £1,501 per month.
If you were able to purchase this property for the estimated value of £311,205, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,529 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 8, 16, Chestnut Grove, London was last sold on 05 Mar 2021 for £325,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2021, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, 16, Chestnut Grove, London within a radius of 370 metres over the last 2 years.
The most recent example is Flat 7, 16, Chestnut Grove, London, SE20 8PF, a Leasehold flat which sold for £296,000 in Mar 2022.
Read more about house prices in SE20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chestnut Grove, London, SE20 has a total of 53 addresses. According to our analysis of all the public data, Flat 8, 16, Chestnut Grove, London is the 28th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in SE20.
Flat 8, 16, Chestnut Grove, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Sep 2020.
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 8, 16, Chestnut Grove, London is Anerley station which is 400 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 8, 16, Chestnut Grove, London, 64.2% of property is socially rented and 15.8% 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 8, 16, Chestnut Grove, London, 28.9% of residents are recorded as possessing school level qualifications and 34.3% 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 8, 16, Chestnut Grove, London, the average age was 36.8 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 8, 16, Chestnut Grove, London, 1.7% 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 8, 16, Chestnut Grove, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.