According to the public record, 38, Otter Drive, Carshalton is a modern leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Otter Drive, Carshalton, SM5 is located in the borough of Sutton within the SM5 postal district.
38, Otter Drive, Carshalton has a single entry in the Land Registry database from August 2022 and a single entry in the EPC database dated June 2022.
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 38 Otter Drive Carshalton as £260,421 and the rental value as £1,220 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 38 Otter Drive Carshalton has increased by £7,893 (3.0%) and its rental value has increased by £67 per month (5.5%).
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 38, Otter Drive, Carshalton is in very good condition we estimate a sale value of £273,442 and rental value of £1,281 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £242,191 and a rental value of £1,134 per month.
If you were able to purchase this property for the estimated value of £260,421, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,280 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, 38, Otter Drive, Carshalton was last sold on 24 Aug 2022 for £230,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has risen 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Otter Drive, Carshalton within a radius of 400 metres over the last 2 years.
The most recent example is 32, Otter Drive, Carshalton, SM5 2FH, a Leasehold flat which sold for £235,000 in Dec 2022.
Read more about house prices in SM5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Otter Drive, Carshalton, SM5 has a total of 80 addresses. According to our analysis of all the public data, 38, Otter Drive, Carshalton is the 61st largest and the 61st most expensive property on the street.
When compared to the postcode district it is £225k less expensive than the average property in SM5.
38, Otter Drive, Carshalton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jun 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 38, Otter Drive, Carshalton is Hackbridge station which is 800 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 38, Otter Drive, Carshalton, 49.1% of property is privately owned with a mortgage and 30.9% 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 38, Otter Drive, Carshalton, 24.7% of residents are recorded as possessing school level qualifications and 35.1% 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 38, Otter Drive, Carshalton, the average age was 35.5 and the most common age was 32.
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 38, Otter Drive, Carshalton, 0.0% 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 38, Otter Drive, Carshalton, 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.