According to the public record, Flat 8, Shelbey Court 1, Bromley is a mid-century leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Shelbey Court, Farnaby Road, Bromley, BR1.
Farnaby Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
Flat 8, Shelbey Court 1, Bromley has a single entry in the Land Registry database from August 2013 and a single entry in the EPC database dated April 2023.
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 Shelbey Court 1 Bromley as £350,523 and the rental value as £1,658 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 8 Shelbey Court 1 Bromley has increased by £4,748 (1.4%) and its rental value has increased by £74 per month (4.5%).
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, Shelbey Court 1, Bromley is in very good condition we estimate a sale value of £368,050 and rental value of £1,741 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,987 and a rental value of £1,542 per month.
If you were able to purchase this property for the estimated value of £350,523, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,723 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, Shelbey Court 1, Bromley was last sold on 02 Aug 2013 for £220,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2013, the market for similar properties has risen 48.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Shelbey Court 1, Bromley within a radius of 500 metres over the last 2 years.
The most recent example is 58A, Martins Road, Bromley, BR2 0EF, a Leasehold flat which sold for £314,000 in Sep 2023.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Farnaby Road, Bromley, BR1 has a total of 160 addresses. According to our analysis of all the public data, Flat 8, Shelbey Court 1, Bromley is the 135th largest and the 142nd most expensive property on the street.
When compared to the postcode district it is £176k less expensive than the average property in BR1.
Flat 8, Shelbey Court 1, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Apr 2023.
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, Shelbey Court 1, Bromley is Shortlands station which is 300 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, Shelbey Court 1, Bromley, 40.2% of property is privately owned with a mortgage and 33.6% 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 8, Shelbey Court 1, Bromley, 21.2% of residents are recorded as possessing school level qualifications and 53.0% 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, Shelbey Court 1, Bromley, the average age was 42 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 8, Shelbey Court 1, Bromley, 0.7% 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, Shelbey Court 1, Bromley, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.