According to the public record, 39, Errol Gardens, New Malden is a early-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 39, Errol Gardens, New Malden, KT3.
Errol Gardens, New Malden, KT3 is located in the borough of Merton within the KT3 postal district.
39, Errol Gardens, New Malden has 2 entries in the Land Registry database, most recently in October 2009 and a single entry in the EPC database dated October 2023.
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 39 Errol Gardens New Malden as £358,233 and the rental value as £1,806 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 39 Errol Gardens New Malden has increased by £11,258 (3.1%) and its rental value has increased by £60 per month (3.3%).
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 39, Errol Gardens, New Malden is in very good condition we estimate a sale value of £376,145 and rental value of £1,897 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £333,157 and a rental value of £1,680 per month.
If you were able to purchase this property for the estimated value of £358,233, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,761 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, 39, Errol Gardens, New Malden was last sold on 09 Oct 2009 for £172,950 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2009, the market for similar properties has risen 85.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 39, Errol Gardens, New Malden within a radius of 490 metres over the last 2 years.
The most recent example is 16, Barnard Gardens, New Malden, KT3 6QG, a Leasehold flat which sold for £380,000 in Mar 2023.
Read more about house prices in KT3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Errol Gardens, New Malden, KT3 has a total of 66 addresses. According to our analysis of all the public data, 39, Errol Gardens, New Malden is the 12th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £322k less expensive than the average property in KT3.
39, Errol Gardens, New Malden has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Oct 2023.
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 39, Errol Gardens, New Malden is Motspur Park 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 39, Errol Gardens, New Malden, 51.2% of property is privately rented and 30.4% 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 39, Errol Gardens, New Malden, 21.0% of residents are recorded as possessing school level qualifications and 46.8% 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 39, Errol Gardens, New Malden, the average age was 38.6 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 39, Errol Gardens, New Malden, 0.3% 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 39, Errol Gardens, New Malden, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.