Flat 1, 40
Flat 1, 40
Description & Estimates
According to the public record, Flat 1, 40, Russell Hill, Purley is a period leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1, 40, Russell Hill, Purley is £268,740 and the estimated rental value is £1,442 per month.
The apartment is within 40, Russell Hill, Purley, CR8.
Russell Hill, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Our Data Sources
Flat 1, 40, Russell Hill, Purley has 31 entries in the Land Registry , most recently in December 2021 and a single entry in the EPC database dated November 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 1, 40, Russell Hill, Purley is in very good condition we estimate a sale value of £282,177 and a rental value of £1,514 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £249,928 and a rental value of £1,341 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 1, 40, Russell Hill, Purley has decreased by £6,487 (2.4%), while its estimated rental value has grown by £54 per month (3.7%). Based on current estimates, the property offers a gross rental yield of 6.4%.
Energy Efficiency
Flat 1, 40, Russell Hill, Purley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Nov 2018.
The property is connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 1, 40, Russell Hill, Purley was last sold on 6th December 2021 for £345,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since December 2021, the market for similar properties has dropped by 24.8%.
- Sold Dec 2021£345,000
- Sold May 2019£292,500
- Sold Apr 2006£250,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 40, Russell Hill, Purley within a radius of 680 metres over the last 2 years.
The most recent example is Flat 3, 40, Russell Hill, Purley, CR8 2JA, a leasehold flat which sold for £260,000 on the 15th May 2024.
Read more about house prices in CR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Russell Hill, Purley, CR8 has a total of 249 addresses. According to our analysis of all the public data, Flat 1, 40, Russell Hill, Purley is the 198th largest and the 204th most expensive property on the street.
When compared to the postcode district it is £294k less expensive than the average property in CR8.
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Schools Nearby
- 300mMargaret Roper Catholic Primary School
- 800mChrist Church CofE Primary School (Purley)
- 1.2kmWallington Primary Academy
- 300mThomas More Catholic School
- 900mThe John Fisher School
- 1.6kmHarris Academy Purley
More reading links
Public Transport Nearby
The closest station to Flat 1, 40, Russell Hill, Purley is Purley station, which is 800 metres away.
- 800mPurley
- 1.1kmReedham (London)
- 1.7kmPurley Oaks
Available Internet Speeds
According to recent data from Ofcom, standard broadband is available in this area.
According to recent data from Ofcom, Standard broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
