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According to the public record, Flat 2, 2, Plough Lane, Purley is a modern leasehold apartment with 1,474 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 2, Plough Lane, Purley is £528,637 and the estimated rental value is £2,297 per month.
The apartment is within 2, Plough Lane, Purley, CR8.
Plough Lane, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 2, 2, Plough Lane, Purley has a single entry in the Land Registry from March 2021 and a single entry in the EPC database dated December 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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, 2, Plough Lane, Purley is in very good condition we estimate a sale value of £555,069 and a rental value of £2,412 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £491,632 and a rental value of £2,136 per month.
Over the last 12 months the sale value of Flat 2 2 Plough Lane Purley has decreased by an estimated £13,865 (2.6%) and its rental value has increased by an estimated £80 per month (3.5%), giving an expected gross yield of 5.2%.
Flat 2, 2, Plough Lane, Purley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Dec 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, mains gas.
According to HM Land Registry, Flat 2, 2, Plough Lane, Purley was last sold on 25th March 2021 for £600,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since March 2021, the market for similar properties has dropped 20.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 2, Plough Lane, Purley within a radius of 590 metres over the last 2 years.
The most recent example is Flat 8, 2, Plough Lane, Purley, CR8 3QA, a leasehold flat which sold for £545,000 on the 28th January 2022.
Read more about house prices in CR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Plough Lane, Purley, CR8 has a total of 133 addresses. According to our analysis of all the public data, Flat 2, 2, Plough Lane, Purley is the 64th largest and the 79th most expensive property on the street.
When compared to the postcode district it is £35k less expensive than the average property in CR8.
The nearest school is Margaret Roper Catholic Primary School which is 400 metres away. The nearest train station is Purley which is 900 metres away.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
