According to the public record, 3, Melbourne Road, Wallington is a modern freehold house with 645 ft2 of internal area and sits on a 73.6 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melbourne Road, Wallington, SM6 is located in the borough of Sutton within the SM6 postal district.
3, Melbourne Road, Wallington has 21 entries in the Land Registry database, most recently in September 2020 and a single entry in the EPC database dated March 2019.
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 3 Melbourne Road Wallington as £363,257 and the rental value as £1,886 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 3 Melbourne Road Wallington has increased by £7,419 (2.0%) and its rental value has increased by £83 per month (4.4%).
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 3, Melbourne Road, Wallington is in very good condition we estimate a sale value of £381,419 and rental value of £1,980 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £337,829 and a rental value of £1,754 per month.
If you were able to purchase this property for the estimated value of £363,257, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,785 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, 3, Melbourne Road, Wallington sits on a plot of 74m2.
We have plot size data on 7 out of 7 other houses in the postcode and 3, Melbourne Road, Wallington sits on the 7th largest plot.
According to HM Land Registry, 3, Melbourne Road, Wallington was last sold on 29 Sep 2020 for £350,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2020, the market for similar properties has risen 10.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Melbourne Road, Wallington within a radius of 340 metres over the last 2 years.
The most recent example is 9, Melbourne Road, Wallington, SM6 8SF, a Freehold house which sold for £343,000 in Nov 2018.
Read more about house prices in SM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melbourne Road, Wallington, SM6 has a total of 146 addresses. According to our analysis of all the public data, 3, Melbourne Road, Wallington is the 104th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £78k less expensive than the average property in SM6.
3, Melbourne Road, Wallington has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Mar 2019.
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 3, Melbourne Road, Wallington is Wallington station which is 200 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 3, Melbourne Road, Wallington, 34.6% of property is privately owned with a mortgage and 28.5% is privately rented.
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 3, Melbourne Road, Wallington, 19.1% of residents are recorded as possessing school level qualifications and 38.4% 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 3, Melbourne Road, 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 3, Melbourne Road, Wallington, 1.8% 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 3, Melbourne Road, Wallington, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.