According to the public record, Flat 9, Folley Court 35, Bromley is a modern leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Folley Court, Renwick Drive, Bromley, BR2.
Renwick Drive, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
Flat 9, Folley Court 35, Bromley has 2 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated July 2011.
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 9 Folley Court 35 Bromley as £323,908 and the rental value as £1,534 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 9 Folley Court 35 Bromley has decreased by £2,691 (0.8%) and its rental value has increased by £52 per month (3.4%).
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 9, Folley Court 35, Bromley is in very good condition we estimate a sale value of £340,103 and rental value of £1,610 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £301,235 and a rental value of £1,426 per month.
If you were able to purchase this property for the estimated value of £323,908, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,592 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, Folley Court 35, Bromley was last sold on 07 Jul 2022 for £325,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2022, the market for similar properties has dropped 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 9, Folley Court 35, Bromley within a radius of 470 metres over the last 2 years.
The most recent example is Flat 1, 37, Renwick Drive, Bromley, BR2 9TS, a Leasehold flat which sold for £323,500 in May 2022.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Renwick Drive, Bromley, BR2 has a total of 89 addresses. According to our analysis of all the public data, Flat 9, Folley Court 35, Bromley is the 51st largest and the 54th most expensive property on the street.
When compared to the postcode district it is £260k less expensive than the average property in BR2.
Flat 9, Folley Court 35, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jul 2011.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 9, Folley Court 35, Bromley is Bickley station which is 1.5 kilometres 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, Folley Court 35, Bromley, 53.0% of property is privately owned with a mortgage and 28.4% is socially rented.
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, Folley Court 35, Bromley, 21.2% of residents are recorded as possessing school level qualifications and 34.6% 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, Folley Court 35, Bromley, the average age was 38 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 9, Folley Court 35, Bromley, 0.5% 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, Folley Court 35, Bromley, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.