According to the public record, Flat 9, Banner House 393, London is a modern leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Banner House, Holmesdale Road, London, SE25.
Holmesdale Road, London, SE25 is located in the borough of Croydon within the SE25 postal district.
Flat 9, Banner House 393, London has a single entry in the Land Registry database from March 2021 and a single entry in the EPC database dated October 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 good condition, we estimate the current sale value for Flat 9 Banner House 393 London as £328,594 and the rental value as £1,493 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 9 Banner House 393 London has increased by £2,316 (0.7%) and its rental value has increased by £4 per month (0.3%).
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 9, Banner House 393, London is in very good condition we estimate a sale value of £345,024 and rental value of £1,567 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,592 and a rental value of £1,388 per month.
If you were able to purchase this property for the estimated value of £328,594, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,615 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 9, Banner House 393, London was last sold on 11 Mar 2021 for £327,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has risen 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 9, Banner House 393, London within a radius of 340 metres over the last 2 years.
The most recent example is Flat 6, Elliot Court 30, South Norwood Hill, London, SE25 6AL, a Leasehold flat which sold for £320,000 in Dec 2022.
Read more about house prices in SE25.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Holmesdale Road, London, SE25 has a total of 481 addresses. According to our analysis of all the public data, Flat 9, Banner House 393, London is the 307th largest and the 201st most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in SE25.
Flat 9, Banner House 393, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Oct 2020.
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 9, Banner House 393, London is Norwood Junction 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 9, Banner House 393, London, 38.6% of property is privately rented and 30.1% 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 9, Banner House 393, London, 24.0% of residents are recorded as possessing school level qualifications and 46.3% 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 9, Banner House 393, London, the average age was 38.4 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 9, Banner House 393, London, 0.8% 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 9, Banner House 393, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.