According to the public record, 131, Martin Way, Morden is a early-century apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Martin Way, Morden, SM4 is located in the borough of Merton within the SM4 postal district.
131, Martin Way, Morden has no records in the Land Registry database and a single entry in the EPC database dated January 2021.
We combine this information with public data 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 131 Martin Way Morden as £338,537 and the rental value as £1,540 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 131 Martin Way Morden has increased by £12,126 (3.6%) and its rental value has increased by £82 per month (5.3%).
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 131, Martin Way, Morden is in very good condition we estimate a sale value of £355,464 and rental value of £1,617 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £314,840 and a rental value of £1,432 per month.
If you were able to purchase this property for the estimated value of £338,537, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,664 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 131, Martin Way, Morden within a radius of 520 metres over the last 2 years.
The most recent example is 125, Martin Way, Morden, SM4 4AR, a Leasehold flat which sold for £340,000 in Jul 2024.
Read more about house prices in SM4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Martin Way, Morden, SM4 has a total of 239 addresses. According to our analysis of all the public data, 131, Martin Way, Morden is the 178th largest and the 117th most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in SM4.
131, Martin Way, Morden has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Jan 2021.
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 131, Martin Way, Morden is South Merton station which is 400 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 131, Martin Way, Morden, 57.3% of property is privately rented and 20.0% is privately owned outright.
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 131, Martin Way, Morden, 18.9% of residents are recorded as possessing school level qualifications and 39.1% 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 131, Martin Way, Morden, the average age was 41 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 131, Martin Way, Morden, 1.2% 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 131, Martin Way, Morden, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.