According to the public record, Flat D, 223-225, High Street, Bromley is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 562 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 223-225, High Street, Bromley, BR1.
High Street, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
Flat D, 223-225, High Street, Bromley has a single entry in the Land Registry database from March 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat D 223-225 High Street Bromley as £230,580 and the rental value as £1,259 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat D 223-225 High Street Bromley has increased by £4,262 (1.8%) and its rental value has increased by £60 per month (4.8%).
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 D, 223-225, High Street, Bromley is in very good condition we estimate a sale value of £242,109 and rental value of £1,322 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £214,440 and a rental value of £1,171 per month.
If you were able to purchase this property for the estimated value of £230,580, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,133 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 D, 223-225, High Street, Bromley was last sold on 11 Mar 2016 for £192,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2016, the market for similar properties has risen 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat D, 223-225, High Street, Bromley within a radius of 470 metres over the last 2 years.
The most recent example is 236B, High Street, Bromley, BR1 1PQ, a Leasehold flat which sold for £235,000 in Feb 2023.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
High Street, Bromley, BR1 has a total of 254 addresses. According to our analysis of all the public data, Flat D, 223-225, High Street, Bromley is the 160th largest and the 216th most expensive property on the street.
When compared to the postcode district it is £296k less expensive than the average property in BR1.
The closest station to Flat D, 223-225, High Street, Bromley is Bromley North station which is 400 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 D, 223-225, High Street, Bromley, 73.5% of property is privately rented and 11.4% 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 D, 223-225, High Street, Bromley, 17.8% of residents are recorded as possessing school level qualifications and 51.8% 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 D, 223-225, High Street, Bromley, the average age was 38.2 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 D, 223-225, High Street, Bromley, 1.1% 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 D, 223-225, High Street, Bromley, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.