Flat 2, 58
Flat 2, 58
Description & Estimates
Public records show Flat 2, 58, Old Lodge Lane, Purley to be a modern leasehold apartment with 645 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 2, 58, Old Lodge Lane, Purley has an estimated sale value of £323,579 and an estimated rental value of £1,528 per month, assuming reasonable condition and based on the information available.
The apartment sits within 58, Old Lodge Lane, Purley, CR8.
Old Lodge Lane, Purley, CR8 lies in the borough of Croydon, within the CR8 postal district.
Our Data Sources
Flat 2, 58, Old Lodge Lane, Purley has a single entry in the Land Registry from January 2024 and a single entry in the EPC database dated August 2023.
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.
Price Range & Condition
In very good condition, we estimate Flat 2, 58, Old Lodge Lane, Purley would be worth £339,758, with a potential rental value of £1,605 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £300,929, with a rental value of £1,421 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 2, 58, Old Lodge Lane, Purley has decreased by £7,811 (2.4%) over the last year. During the same period, its estimated monthly rental value has grown by £57 (3.7%). The property's estimated gross yield is currently 5.7%.
Energy Efficiency
Flat 2, 58, Old Lodge Lane, Purley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Aug 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 2, 58, Old Lodge Lane, Purley last changed hands on 17th January 2024, selling for £285,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 25.0% since January 2024.
- Sold Jan 2024£285,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 690 metres of Flat 2, 58, Old Lodge Lane, Purley across the last 2 years.
Most recently, Flat 4, 58, Old Lodge Lane, Purley, CR8 4ET, a leasehold flat, sold at £360,000 on the 28th May 2024.
Read more about house prices in CR8.
- Sold May 2024£360,000 | 2 Bed FlatFlat 4, 58, Old Lodge Lane, Purley, CR8 4ETFlat 4, 58, Old Lodge Lane, Purley, CR8 4ET
- Sold Aug 2023£307,000 | 2 Bed FlatFlat 9, 58, Old Lodge Lane, Purley, CR8 4ETFlat 9, 58, Old Lodge Lane, Purley, CR8 4ET
- Sold Mar 2022£447,500 | 2 Bed FlatFlat 3, Fairmont House 19, Hartley Old Road, Purley, CR8 4FJFlat 3, Fairmont House 19, Hartley Old Road, Purley, CR8 4FJ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 2, 58, Old Lodge Lane, Purley as the 358th largest and the 317th most expensive of the 413 addresses on Old Lodge Lane, Purley, CR8.
Against the CR8 postcode district average, it is £240k less expensive than the typical property.
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Schools Nearby
- 300mBeaumont Primary School
- 1.3kmHarris Primary Academy Kenley
- 1.3kmNew Valley Primary School
- 1.5kmWoodcote High School
- 2.0kmThomas More Catholic School
- 2.3kmRiddlesdown Collegiate
More reading links
Public Transport Nearby
Reedham (London) station is the nearest stop to Flat 2, 58, Old Lodge Lane, Purley at 700 metres away.
- 700mReedham (London)
- 1.0kmCoulsdon Town
- 1.4kmPurley
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
