According to the public record, Elmwood, Dorking is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 675 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Fern Lane, Walliswood, Dorking, RH5 is located in the borough of Mole Valley within the RH5 postal district.
Elmwood, Dorking has a single entry in the Land Registry database from November 2020 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 Elmwood Dorking as £552,347 and the rental value as £1,877 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of Elmwood Dorking has increased by £8,795 (1.6%) and its rental value has increased by £100 per month (5.4%).
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 Elmwood, Dorking is in very good condition we estimate a sale value of £579,964 and rental value of £1,971 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £513,683 and a rental value of £1,746 per month.
If you were able to purchase this property for the estimated value of £552,347, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,715 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, Elmwood, Dorking was last sold on 06 Nov 2020 for £400,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2020, the market for similar properties has risen 11.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Elmwood, Dorking within a radius of 4.5 kilometres over the last 2 years.
The most recent example is 2 Leith Vale Cottages, Standon Lane, Dorking, RH5 5QR, a Freehold house which sold for £620,000 in Mar 2019.
Read more about house prices in RH5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fern Lane, Walliswood, Dorking, RH5 has a total of 17 addresses. According to our analysis of all the public data, Elmwood, Dorking is the 16th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £166k less expensive than the average property in RH5.
The closest station to Elmwood, Dorking is Ockley station which is 4.9 kilometres 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 Elmwood, Dorking, 45.8% of property is privately owned with a mortgage and 43.1% is privately owned outright.
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 Elmwood, Dorking, 19.4% of residents are recorded as possessing school level qualifications and 48.2% 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 Elmwood, Dorking, the average age was 45.1 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 Elmwood, Dorking, 1.0% 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 Elmwood, Dorking, there are an average of 2.2 cars per household.
See below for how this compares to South East and the rest of England & Wales.