According to the public record, 6, Water Mead, Coulsdon is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Water Mead, Chipstead, Coulsdon, CR5 is located in the borough of Reigate and Banstead within the CR5 postal district.
6, Water Mead, Coulsdon has 2 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated June 2020.
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 6 Water Mead Coulsdon as £304,465 and the rental value as £1,574 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 6 Water Mead Coulsdon has increased by £8,721 (2.9%) and its rental value has increased by £99 per month (6.3%).
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 6, Water Mead, Coulsdon is in very good condition we estimate a sale value of £319,688 and rental value of £1,653 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,152 and a rental value of £1,464 per month.
If you were able to purchase this property for the estimated value of £304,465, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,496 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, 6, Water Mead, Coulsdon was last sold on 11 Dec 2020 for £88,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2020, the market for similar properties has risen 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Water Mead, Coulsdon within a radius of 900 metres over the last 2 years.
The most recent example is 2 Lime Court, Hazel Way, Coulsdon, CR5 3PJ, a Leasehold flat which sold for £325,000 in Jul 2023.
Read more about house prices in CR5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Water Mead, Chipstead, Coulsdon, CR5 has a total of 43 addresses. According to our analysis of all the public data, 6, Water Mead, Coulsdon is the 41st largest and the 41st most expensive property on the street.
When compared to the postcode district it is £273k less expensive than the average property in CR5.
6, Water Mead, Coulsdon has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 08 Jun 2020.
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 6, Water Mead, Coulsdon is Chipstead station which is 600 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 6, Water Mead, Coulsdon, 47.3% of property is privately owned outright and 38.2% 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 6, Water Mead, Coulsdon, 14.3% of residents are recorded as possessing school level qualifications and 40.1% 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 6, Water Mead, Coulsdon, the average age was 41.6 and the most common age was 57.
The graph below shows how this compares to South East 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 6, Water Mead, Coulsdon, 2.9% of property was a second home.
Comparison figures for South East 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 6, Water Mead, Coulsdon, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.