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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, 3, Olden Lane, Purley is £447,440 and the estimated rental value is £1,971 per month.
The apartment is within 3, Olden Lane, Purley, CR8.
Olden Lane, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 2, 3, Olden Lane, Purley has a single entry in the Land Registry from July 2022 and a single entry in the EPC database dated January 2022.
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, 3, Olden Lane, Purley is in very good condition we estimate a sale value of £469,813 and a rental value of £2,070 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £416,120 and a rental value of £1,833 per month.
Over the last 12 months the sale value of Flat 2 3 Olden Lane Purley has decreased by an estimated £11,735 (2.6%) and its rental value has increased by an estimated £68 per month (3.5%), giving an expected gross yield of 5.3%.
Flat 2, 3, Olden Lane, Purley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Jan 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, 3, Olden Lane, Purley was last sold on 1st July 2022 for £585,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2022, the market for similar properties has risen 21.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 3, Olden Lane, Purley within a radius of 520 metres over the last 2 years.
The most recent example is Flat 1, 3, Northwood Avenue, Purley, CR8 2ER, a leasehold flat which sold for £500,000 on the 5th June 2024.
Read more about house prices in CR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Olden Lane, Purley, CR8 has a total of 25 addresses. According to our analysis of all the public data, Flat 2, 3, Olden Lane, Purley is the 5th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in CR8.
The nearest school is Beaumont Primary School which is 800 metres away. The nearest train station is Purley which is 400 metres away.
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