According to the public record, 157A, Canterbury Road, Morden is a modern leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 157, Canterbury Road, Morden, SM4.
Canterbury Road, Morden, SM4 is located in the borough of Merton within the SM4 postal district.
157A, Canterbury Road, Morden has 41 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated April 2014.
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 157A Canterbury Road Morden as £266,892 and the rental value as £1,169 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 157A Canterbury Road Morden has increased by £5,252 (2.0%) and its rental value has increased by £52 per month (4.5%).
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 157A, Canterbury Road, Morden is in very good condition we estimate a sale value of £280,236 and rental value of £1,228 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £248,209 and a rental value of £1,087 per month.
If you were able to purchase this property for the estimated value of £266,892, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,312 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, 157A, Canterbury Road, Morden was last sold on 05 Nov 2021 for £257,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Nov 2021, the market for similar properties has risen 6.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 157A, Canterbury Road, Morden within a radius of 470 metres over the last 2 years.
The most recent example is 1A, Marham Gardens, Morden, SM4 6JJ, a Leasehold flat which sold for £240,000 in Aug 2023.
Read more about house prices in SM4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Canterbury Road, Morden, SM4 has a total of 277 addresses. According to our analysis of all the public data, 157A, Canterbury Road, Morden is the 243rd largest and the 230th most expensive property on the street.
When compared to the postcode district it is £220k less expensive than the average property in SM4.
157A, Canterbury Road, Morden has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Apr 2014.
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 157A, Canterbury Road, Morden is St Helier (London) 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 157A, Canterbury Road, Morden, 43.7% of property is socially rented and 23.0% 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 157A, Canterbury Road, Morden, 24.9% of residents are recorded as possessing school level qualifications and 34.0% 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 157A, Canterbury Road, Morden, the average age was 37.9 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 157A, Canterbury Road, Morden, 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 157A, Canterbury Road, Morden, 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.