According to the public record, 114, Cherrywood Lane, Morden is a early-century freehold house with 1,076 ft2 of internal area and sits on a 211 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Cherrywood Lane, Morden, SM4 is located in the borough of Merton within the SM4 postal district.
114, Cherrywood Lane, Morden has a single entry in the Land Registry database from April 2021 and a single entry in the EPC database dated September 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 114 Cherrywood Lane Morden as £627,217 and the rental value as £2,705 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 114 Cherrywood Lane Morden has increased by £12,055 (1.9%) and its rental value has increased by £102 per month (3.8%).
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 114, Cherrywood Lane, Morden is in very good condition we estimate a sale value of £658,577 and rental value of £2,840 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £583,311 and a rental value of £2,515 per month.
If you were able to purchase this property for the estimated value of £627,217, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,083 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 114, Cherrywood Lane, Morden sits on a plot of 211m2.
We have plot size data on 6 out of 15 other houses in the postcode and 114, Cherrywood Lane, Morden sits on the 4th largest plot.
According to HM Land Registry, 114, Cherrywood Lane, Morden was last sold on 15 Apr 2021 for £547,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 8.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 114, Cherrywood Lane, Morden within a radius of 550 metres over the last 2 years.
The most recent example is 112, Monkleigh Road, Morden, SM4 4EP, a Freehold house which sold for £600,000 in Oct 2022.
Read more about house prices in SM4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cherrywood Lane, Morden, SM4 has a total of 150 addresses. According to our analysis of all the public data, 114, Cherrywood Lane, Morden is the 80th largest and the 107th most expensive property on the street.
When compared to the postcode district it is £140k more expensive than the average property in SM4.
114, Cherrywood Lane, Morden has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Sep 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 114, Cherrywood Lane, Morden is South Merton station which is 700 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 114, Cherrywood Lane, Morden, 54.2% of property is privately owned outright and 36.4% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 114, Cherrywood Lane, Morden, 23.7% of residents are recorded as possessing school level qualifications and 49.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 114, Cherrywood Lane, Morden, the average age was 40.9 and the most common age was 42.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 114, Cherrywood Lane, Morden, 1.3% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 114, Cherrywood Lane, Morden, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.