According to the public record, 5, Birchwood Close, Morden is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Birchwood Close, Morden, SM4 is located in the borough of Merton within the SM4 postal district.
5, Birchwood Close, Morden has a single entry in the Land Registry database from June 2011 and a single entry in the EPC database dated March 2021.
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 5 Birchwood Close Morden as £294,230 and the rental value as £1,405 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 5 Birchwood Close Morden has increased by £7,038 (2.4%) and its rental value has increased by £69 per month (4.9%).
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 5, Birchwood Close, Morden is in very good condition we estimate a sale value of £308,941 and rental value of £1,476 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £273,634 and a rental value of £1,307 per month.
If you were able to purchase this property for the estimated value of £294,230, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,446 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, 5, Birchwood Close, Morden was last sold on 16 Jun 2011 for £173,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2011, the market for similar properties has risen 78.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Birchwood Close, Morden within a radius of 430 metres over the last 2 years.
The most recent example is 7, Birchwood Close, Morden, SM4 5LA, a Leasehold flat which sold for £300,000 in Feb 2023.
Read more about house prices in SM4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Birchwood Close, Morden, SM4 has a total of 75 addresses. According to our analysis of all the public data, 5, Birchwood Close, Morden is the 19th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £193k less expensive than the average property in SM4.
5, Birchwood Close, Morden has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Mar 2021.
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 5, Birchwood Close, Morden is Morden South 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 5, Birchwood Close, Morden, 53.5% of property is privately rented and 17.5% 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 5, Birchwood Close, Morden, 23.3% of residents are recorded as possessing school level qualifications and 44.5% 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 5, Birchwood Close, Morden, the average age was 36.2 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 5, Birchwood Close, Morden, 0.7% 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 5, Birchwood Close, Morden, 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.