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Apartments of this size in this area normally have 3 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 37A, Smitham Bottom Lane, Purley is £418,711 and the estimated rental value is £1,892 per month.
The apartment is within 37A, Smitham Bottom Lane, Purley, CR8.
Smitham Bottom Lane, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 2, 37A, Smitham Bottom Lane, Purley has no records in the the Land Registry and a single entry in the EPC database dated November 2023.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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, 37A, Smitham Bottom Lane, Purley is in very good condition we estimate a sale value of £439,647 and a rental value of £1,986 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £389,402 and a rental value of £1,759 per month.
Over the last 12 months the sale value of Flat 2 37A Smitham Bottom Lane Purley has decreased by an estimated £9,773 (2.3%) and its rental value has increased by an estimated £69 per month (3.6%), giving an expected gross yield of 5.4%.
Flat 2, 37A, Smitham Bottom Lane, Purley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Nov 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 37A, Smitham Bottom Lane, Purley within a radius of 1.0 kilometres over the last 2 years.
The most recent example is Flat 3, 33A, Smitham Bottom Lane, Purley, CR8 3ES, a leasehold flat which sold for £517,500 on the 3rd May 2024.
Read more about house prices in CR8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Smitham Bottom Lane, Purley, CR8 has a total of 143 addresses. According to our analysis of all the public data, Flat 2, 37A, Smitham Bottom Lane, Purley is the 103rd largest and the 111th most expensive property on the street.
When compared to the postcode district it is £144k less expensive than the average property in CR8.
The nearest school is Woodcote High School which is 600 metres away. The nearest train station is Reedham (London) which is 1.3 kilometres away.
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