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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 4, The Laurels 4, Bromley is £319,481 and the estimated rental value is £1,553 per month.
The apartment is within The Laurels, Durham Road, Bromley, BR2.
Durham Road, Bromley, BR2 is located in the borough of Bromley within the BR2 postal district.
Flat 4, The Laurels 4, Bromley has 21 entries in the Land Registry , most recently in January 2012 and a single entry in the EPC database dated June 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 4, The Laurels 4, Bromley is in very good condition we estimate a sale value of £335,455 and a rental value of £1,631 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £297,117 and a rental value of £1,445 per month.
Over the last 12 months the sale value of Flat 4 The Laurels 4 Bromley has decreased by an estimated £1,180 (0.4%) and its rental value has increased by an estimated £54 per month (3.5%), giving an expected gross yield of 5.8%.
Flat 4, The Laurels 4, Bromley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Jun 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 4, The Laurels 4, Bromley was last sold on 26th January 2012 for £195,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since January 2012, the market for similar properties has risen 60.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, The Laurels 4, Bromley within a radius of 460 metres over the last 2 years.
The most recent example is Flat 1, Chester Court 8, Durham Road, Bromley, BR2 0SG, a leasehold flat which sold for £329,000 on the 17th December 2024.
Read more about house prices in BR2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Durham Road, Bromley, BR2 has a total of 218 addresses. According to our analysis of all the public data, Flat 4, The Laurels 4, Bromley is the 144th largest and the 153rd most expensive property on the street.
When compared to the postcode district it is £279k less expensive than the average property in BR2.
The nearest school is St Mark's Church of England Primary School which is 172 metres away. The nearest train station is Bromley South which is 500 metres away.
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