According to the public record, Flat 1, 24, Cedar Road, Sutton is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 695 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 24, Cedar Road, Sutton, SM2.
Cedar Road, Sutton, SM2 is located in the borough of Sutton within the SM2 postal district.
Flat 1, 24, Cedar Road, Sutton has a single entry in the Land Registry database from August 2007 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 Flat 1 24 Cedar Road Sutton as £254,264 and the rental value as £1,397 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 1 24 Cedar Road Sutton has increased by £8,159 (3.2%) and its rental value has increased by £84 per month (6.0%).
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 Flat 1, 24, Cedar Road, Sutton is in very good condition we estimate a sale value of £266,977 and rental value of £1,466 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £236,466 and a rental value of £1,299 per month.
If you were able to purchase this property for the estimated value of £254,264, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,250 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, Flat 1, 24, Cedar Road, Sutton was last sold on 10 Aug 2007 for £205,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2007, the market for similar properties has risen 37.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 24, Cedar Road, Sutton within a radius of 270 metres over the last 2 years.
The most recent example is Flat 3, Argyle House, Sutton Court, Sutton, SM2 5AX, a Leasehold flat which sold for £241,000 in Sep 2023.
Read more about house prices in SM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cedar Road, Sutton, SM2 has a total of 455 addresses. According to our analysis of all the public data, Flat 1, 24, Cedar Road, Sutton is the 96th largest and the 196th most expensive property on the street.
When compared to the postcode district it is £307k less expensive than the average property in SM2.
The closest station to Flat 1, 24, Cedar Road, Sutton is Sutton (London) 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 Flat 1, 24, Cedar Road, Sutton, 68.5% of property is privately rented and 20.7% 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 Flat 1, 24, Cedar Road, Sutton, 12.6% of residents are recorded as possessing school level qualifications and 46.2% 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 Flat 1, 24, Cedar Road, Sutton, the average age was 37.7 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 Flat 1, 24, Cedar Road, Sutton, 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 Flat 1, 24, Cedar Road, Sutton, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.