According to the public record, The Cottage, Purley is a period freehold house with 1,128 ft2 of internal area and sits on a 927 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Farm Drive, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
The Cottage, Purley has a single entry in the Land Registry database from April 2011 and a single entry in the EPC database dated October 2010.
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 The Cottage Purley as £862,626 and the rental value as £2,654 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of The Cottage Purley has increased by £15,184 (1.8%) and its rental value has increased by £121 per month (4.5%).
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 The Cottage, Purley is in very good condition we estimate a sale value of £905,757 and rental value of £2,786 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £802,242 and a rental value of £2,468 per month.
If you were able to purchase this property for the estimated value of £862,626, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,240 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 data from HM Land Registry, The Cottage, Purley sits on a plot of 927m2.
We have plot size data on 3 out of 7 other houses in the postcode and The Cottage, Purley sits on the 3rd largest plot.
According to HM Land Registry, The Cottage, Purley was last sold on 26 Apr 2011 for £500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2011, the market for similar properties has risen 86.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Cottage, Purley within a radius of 890 metres over the last 2 years.
The most recent example is 15, Goldcrest Way, Purley, CR8 3QW, a Freehold house which sold for £630,000 in Aug 2020.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Farm Drive, Purley, CR8 has a total of 7 addresses. According to our analysis of all the public data, The Cottage, Purley is the 7th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £274k more expensive than the average property in CR8.
The Cottage, Purley has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Oct 2010.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to The Cottage, Purley is Reedham (London) station which is 1.0 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 The Cottage, 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 The Cottage, 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 The Cottage, 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 The Cottage, 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 The Cottage, 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.