According to the public record, Flat 1, Catkin House 24, Morden is a modern leasehold apartment with 758 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Catkin House, Schoolgate Drive, Morden, SM4.
Schoolgate Drive, Morden, SM4 is located in the borough of Merton within the SM4 postal district.
Flat 1, Catkin House 24, Morden has 2 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated April 2011.
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 Flat 1 Catkin House 24 Morden as £362,377 and the rental value as £1,646 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 1 Catkin House 24 Morden has increased by £10,936 (3.0%) and its rental value has increased by £91 per month (5.5%).
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 Flat 1, Catkin House 24, Morden is in very good condition we estimate a sale value of £380,496 and rental value of £1,728 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £337,011 and a rental value of £1,531 per month.
If you were able to purchase this property for the estimated value of £362,377, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,781 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, Catkin House 24, Morden was last sold on 19 Apr 2021 for £328,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2021, the market for similar properties has risen 9.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Catkin House 24, Morden within a radius of 410 metres over the last 2 years.
The most recent example is Flat 5, Field House 40, Schoolgate Drive, Morden, SM4 5DJ, a Leasehold flat which sold for £342,000 in May 2022.
Read more about house prices in SM4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Schoolgate Drive, Morden, SM4 has a total of 296 addresses. According to our analysis of all the public data, Flat 1, Catkin House 24, Morden is the 50th largest and the 97th most expensive property on the street.
When compared to the postcode district it is £125k less expensive than the average property in SM4.
Flat 1, Catkin House 24, Morden has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Apr 2011.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to Flat 1, Catkin House 24, Morden is Morden South station which is 700 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, Catkin House 24, Morden, 34.5% of property is socially rented and 25.2% is privately 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 Flat 1, Catkin House 24, Morden, 19.8% of residents are recorded as possessing school level qualifications and 37.0% 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 Flat 1, Catkin House 24, 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 Flat 1, Catkin House 24, 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 Flat 1, Catkin House 24, Morden, 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.