According to the public record, 63A, London Road, Morden is a early-century leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 63, London Road, Morden, SM4.
London Road, Morden, SM4 is located in the borough of Merton within the SM4 postal district.
63A, London Road, Morden has a single entry in the Land Registry database from April 2014 and a single entry in the EPC database dated August 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 63A London Road Morden as £226,081 and the rental value as £1,153 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 63A London Road Morden has increased by £5,616 (2.5%) and its rental value has increased by £56 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 63A, London Road, Morden is in very good condition we estimate a sale value of £237,385 and rental value of £1,211 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £210,255 and a rental value of £1,072 per month.
If you were able to purchase this property for the estimated value of £226,081, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,111 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, 63A, London Road, Morden was last sold on 25 Apr 2014 for £165,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2014, the market for similar properties has risen 36.0%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 63A, London Road, Morden within a radius of 520 metres over the last 2 years.
The most recent example is 24A, Abbotsbury Road, Morden, SM4 5LQ, a Leasehold flat which sold for £218,035 in Feb 2020.
Read more about house prices in SM4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Morden, SM4 has a total of 339 addresses. According to our analysis of all the public data, 63A, London Road, Morden is the 270th largest and the 294th most expensive property on the street.
When compared to the postcode district it is £261k less expensive than the average property in SM4.
63A, London Road, Morden has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Aug 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 63A, London Road, Morden is Morden station which is 100 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 63A, London Road, Morden, 80.0% of property is privately rented and 7.8% is socially 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 63A, London Road, Morden, 20.8% of residents are recorded as possessing school level qualifications and 38.8% 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 63A, London Road, 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 63A, London 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 63A, London Road, Morden, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.