According to the public record, 165, Martin Way, Morden is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 383 ft2 of internal area and a garden.
Apartments of this size in this area normally have 1 bedroom.
Martin Way, Morden, SM4 is located in the borough of Merton within the SM4 postal district.
165, Martin Way, Morden has 21 entries in the Land Registry database, most recently in May 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 165 Martin Way Morden as £259,685 and the rental value as £1,186 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 165 Martin Way Morden has increased by £7,479 (2.9%) and its rental value has increased by £55 per month (4.6%).
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 165, Martin Way, Morden is in very good condition we estimate a sale value of £272,670 and rental value of £1,245 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £241,507 and a rental value of £1,103 per month.
If you were able to purchase this property for the estimated value of £259,685, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,276 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 HM Land Registry, 165, Martin Way, Morden was last sold on 21 May 2018 for £180,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2018, the market for similar properties has risen 10.3%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 165, Martin Way, Morden within a radius of 520 metres over the last 2 years.
The most recent example is 86B, Martin Way, Morden, SM4 4AG, a Leasehold flat which sold for £97,500 in Jul 2010.
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, 165, Martin Way, Morden is the 239th largest and the 224th most expensive property on the street.
When compared to the postcode district it is £227k less expensive than the average property in SM4.
The closest station to 165, 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 165, 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 165, 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 165, 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 165, 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 165, 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.