According to the public record, Flat 9, Parkham Court, Bromley is a mid-century leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Parkham Court, Shortlands Road, Bromley, BR2.
Shortlands Road, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
Flat 9, Parkham Court, Bromley has a single entry in the Land Registry database from August 2019 and a single entry in the EPC database dated May 2019.
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 Parkham Court Bromley as £355,866 and the rental value as £1,588 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 9 Parkham Court Bromley has decreased by £2,927 (0.8%) and its rental value has increased by £42 per month (2.6%).
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, Parkham Court, Bromley is in very good condition we estimate a sale value of £373,659 and rental value of £1,668 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £330,955 and a rental value of £1,477 per month.
If you were able to purchase this property for the estimated value of £355,866, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,749 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, Parkham Court, Bromley was last sold on 15 Aug 2019 for £375,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2019, the market for similar properties has risen 5.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 9, Parkham Court, Bromley within a radius of 480 metres over the last 2 years.
The most recent example is Flat 10, Arundel Court 16, Beckenham Grove, Bromley, BR2 0XN, a Leasehold flat which sold for £332,500 in Sep 2022.
Read more about house prices in BR2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shortlands Road, Bromley, BR2 has a total of 223 addresses. According to our analysis of all the public data, Flat 9, Parkham Court, Bromley is the 148th largest and the 143rd most expensive property on the street.
When compared to the postcode district it is £228k less expensive than the average property in BR2.
Flat 9, Parkham Court, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 May 2019.
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 9, Parkham Court, Bromley is Shortlands station which is 200 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, Parkham Court, Bromley, 31.8% of property is privately owned with a mortgage and 27.8% 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 9, Parkham Court, Bromley, 18.8% of residents are recorded as possessing school level qualifications and 41.1% 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 9, Parkham Court, 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 9, Parkham Court, Bromley, 0.0% 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, Parkham Court, Bromley, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.