According to the public record, Ground Floor Flat, 41, Ravensbourne Road, Bromley is a period leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 41, Ravensbourne Road, Bromley, BR1.
Ravensbourne Road, Bromley, BR1 is located in the borough of Bromley within the BR1 postal district.
Ground Floor Flat, 41, Ravensbourne Road, Bromley has 41 entries in the Land Registry database, most recently in January 2014 and a single entry in the EPC database dated January 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 reasonable condition, we estimate the current sale value for Ground Floor Flat 41 Ravensbourne Road Bromley as £309,659 and the rental value as £1,581 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Ground Floor Flat 41 Ravensbourne Road Bromley has increased by £6,480 (2.1%) and its rental value has increased by £85 per month (5.4%).
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 Ground Floor Flat, 41, Ravensbourne Road, Bromley is in very good condition we estimate a sale value of £325,142 and rental value of £1,660 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £287,983 and a rental value of £1,470 per month.
If you were able to purchase this property for the estimated value of £309,659, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,522 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, Ground Floor Flat, 41, Ravensbourne Road, Bromley was last sold on 31 Jan 2014 for £250,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jan 2014, the market for similar properties has risen 42.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Ground Floor Flat, 41, Ravensbourne Road, Bromley within a radius of 440 metres over the last 2 years.
The most recent example is Flat 9, Chadwick Court 12, Ringers Road, Bromley, BR1 1HT, a Leasehold flat which sold for £300,000 in Nov 2023.
Read more about house prices in BR1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ravensbourne Road, Bromley, BR1 has a total of 90 addresses. According to our analysis of all the public data, Ground Floor Flat, 41, Ravensbourne Road, Bromley is the 57th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £217k less expensive than the average property in BR1.
Ground Floor Flat, 41, Ravensbourne Road, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Jan 2020.
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 Ground Floor Flat, 41, Ravensbourne Road, Bromley is Bromley South 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 Ground Floor Flat, 41, Ravensbourne Road, Bromley, 54.6% of property is privately rented and 22.2% 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 Ground Floor Flat, 41, Ravensbourne Road, Bromley, 19.1% of residents are recorded as possessing school level qualifications and 46.5% 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 Ground Floor Flat, 41, Ravensbourne Road, Bromley, 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 Ground Floor Flat, 41, Ravensbourne Road, Bromley, 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 Ground Floor Flat, 41, Ravensbourne Road, Bromley, 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.