According to the public record, 2 Gateways Court, Wallington is a mid-century leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Gateways Court, St. Georges Road, Wallington, SM6.
St. Georges Road, Wallington, SM6 is located in the borough of Sutton within the SM6 postal district.
2 Gateways Court, Wallington has 21 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated April 2015.
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 2 Gateways Court Wallington as £298,130 and the rental value as £1,538 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 2 Gateways Court Wallington has increased by £8,044 (2.7%) and its rental value has increased by £78 per month (5.1%).
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 2 Gateways Court, Wallington is in very good condition we estimate a sale value of £313,037 and rental value of £1,615 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £277,261 and a rental value of £1,431 per month.
If you were able to purchase this property for the estimated value of £298,130, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,465 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, 2 Gateways Court, Wallington was last sold on 18 Dec 2023 for £290,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2023, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Gateways Court, Wallington within a radius of 360 metres over the last 2 years.
The most recent example is 11, Orchard Court, Wallington, SM6 0AN, a Leasehold flat which sold for £280,000 in Jun 2022.
Read more about house prices in SM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Georges Road, Wallington, SM6 has a total of 39 addresses. According to our analysis of all the public data, 2 Gateways Court, Wallington is the 26th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £143k less expensive than the average property in SM6.
2 Gateways Court, Wallington has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Apr 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 2 Gateways Court, Wallington is Wallington station which is 300 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 2 Gateways Court, Wallington, 40.0% of property is privately owned outright and 26.4% 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 2 Gateways Court, Wallington, 17.3% of residents are recorded as possessing school level qualifications and 39.8% 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 2 Gateways Court, Wallington, the average age was 39.4 and the most common age was 37.
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 2 Gateways Court, Wallington, 2.3% 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 2 Gateways Court, Wallington, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.