According to the public record, 57, Melbourne Road, Wallington is a leasehold house.
By comparing it to neighbours, we estimate that it is a period house with 618 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Melbourne Road, Wallington, SM6 is located in the borough of Sutton within the SM6 postal district.
57, Melbourne Road, Wallington has a single entry in the Land Registry database from July 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 57 Melbourne Road Wallington as £423,230 and the rental value as £1,822 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 57 Melbourne Road Wallington has increased by £11,810 (2.8%) and its rental value has increased by £94 per month (5.2%).
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 57, Melbourne Road, Wallington is in very good condition we estimate a sale value of £444,392 and rental value of £1,913 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £393,604 and a rental value of £1,694 per month.
If you were able to purchase this property for the estimated value of £423,230, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,080 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, 57, Melbourne Road, Wallington was last sold on 14 Jul 2006 for £199,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 57, Melbourne Road, Wallington within a radius of 350 metres over the last 2 years.
The most recent example is 12, St. Christophers Mews, Wallington, SM6 8AP, a Freehold house which sold for £410,000 in May 2024.
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, 57, Melbourne Road, Wallington is the 116th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £18k less expensive than the average property in SM6.
The closest station to 57, Melbourne Road, 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 57, 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 57, 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 57, 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 57, 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 57, 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.