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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Flat 2, 1, Higher Drive, Purley is a modern leasehold apartment with 656 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 2, 1, Higher Drive, Purley is £328,969 and the estimated rental value is £1,483 per month.
The apartment is within 1, Higher Drive, Purley, CR8.
Higher Drive, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 2, 1, Higher Drive, Purley has a single entry in the Land Registry from November 2022 and a single entry in the EPC database dated March 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 2, 1, Higher Drive, Purley is in very good condition we estimate a sale value of £345,418 and a rental value of £1,558 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,942 and a rental value of £1,380 per month.
Over the last 12 months the sale value of Flat 2 1 Higher Drive Purley has decreased by an estimated £11,855 (3.6%) and its rental value has increased by an estimated £50 per month (3.4%), giving an expected gross yield of 5.4%.
Flat 2, 1, Higher Drive, Purley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Mar 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 2, 1, Higher Drive, Purley was last sold on 10th November 2022 for £435,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since November 2022, the market for similar properties has dropped 12.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 1, Higher Drive, Purley within a radius of 510 metres over the last 2 years.
The most recent example is Flat 3, 3, Olden Lane, Purley, CR8 2GF, a leasehold flat which sold for £400,000 on the 7th June 2022.
Read more about house prices in CR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Higher Drive, Purley, CR8 has a total of 255 addresses. According to our analysis of all the public data, Flat 2, 1, Higher Drive, Purley is the 237th largest and the 201st most expensive property on the street.
When compared to the postcode district it is £228k less expensive than the average property in CR8.
The nearest school is Beaumont Primary School which is 704 metres away. The nearest train station is Purley which is 500 metres away.
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