According to the public record, Flat 8, Springview 1, West Wickham is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Springview, Knotley Way, West Wickham, BR4.
Knotley Way, West Wickham, BR4 is located in the borough of Bromley within the BR4 postal district.
Flat 8, Springview 1, West Wickham has 6 entries in the Land Registry database, most recently in October 2019 and a single entry in the EPC database dated November 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 Springview 1 West Wickham as £363,562 and the rental value as £1,527 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Flat 8 Springview 1 West Wickham has decreased by £1,653 (0.5%) and its rental value has increased by £53 per month (3.5%).
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, Springview 1, West Wickham is in very good condition we estimate a sale value of £381,740 and rental value of £1,604 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £338,113 and a rental value of £1,420 per month.
If you were able to purchase this property for the estimated value of £363,562, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,787 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, Springview 1, West Wickham was last sold on 09 Oct 2019 for £318,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Oct 2019, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Springview 1, West Wickham within a radius of 500 metres over the last 2 years.
The most recent example is Flat 5, Springview 1, Knotley Way, West Wickham, BR4 9FB, a Leasehold flat which sold for £365,000 in Feb 2024.
Read more about house prices in BR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Knotley Way, West Wickham, BR4 has a total of 43 addresses. According to our analysis of all the public data, Flat 8, Springview 1, West Wickham is the 34th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £267k less expensive than the average property in BR4.
Flat 8, Springview 1, West Wickham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Nov 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, Springview 1, West Wickham is West Wickham station which is 800 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, Springview 1, West Wickham, 47.1% of property is privately owned outright and 37.9% 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, Springview 1, West Wickham, 16.2% of residents are recorded as possessing school level qualifications and 42.1% 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, Springview 1, West Wickham, the average age was 44.4 and the most common age was 57.
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, Springview 1, West Wickham, 1.4% 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, Springview 1, West Wickham, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.