According to the public record, Norfolk House, Purley is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,960 ft2 of internal area and a garden.
Houses of this size in this area normally have 6 bedrooms.
Promenade De Verdun, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Norfolk House, Purley has 21 entries in the Land Registry database, most recently in March 2010 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 Norfolk House Purley as £1,751,673 and the rental value as £4,571 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of Norfolk House Purley has decreased by £33,771 (1.9%) and its rental value has increased by £35 per month (0.8%).
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 Norfolk House, Purley is in very good condition we estimate a sale value of £1,839,257 and rental value of £4,800 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,629,056 and a rental value of £4,251 per month.
If you were able to purchase this property for the estimated value of £1,751,673, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £8,609 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, Norfolk House, Purley was last sold on 30 Mar 2010 for £1,400,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2010, the market for similar properties has risen 70.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Norfolk House, Purley within a radius of 970 metres over the last 2 years.
The most recent example is 3, Foxglove Gardens, Purley, CR8 3LQ, a Freehold house which sold for £1,620,000 in Jan 2021.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Promenade De Verdun, Purley, CR8 has a total of 14 addresses. According to our analysis of all the public data, Norfolk House, Purley is the 13th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £1.163m more expensive than the average property in CR8.
The closest station to Norfolk House, Purley is Reedham (London) station which is 1.1 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 Norfolk House, Purley, 48.3% of property is privately owned with a mortgage and 42.5% 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 Norfolk House, Purley, 20.7% of residents are recorded as possessing school level qualifications and 60.6% 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 Norfolk House, Purley, the average age was 42.8 and the most common age was 57.
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 Norfolk House, Purley, 3.4% 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 Norfolk House, Purley, there are an average of 1.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.