According to the public record, Flat 14, Island House 200, Morden is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Island House, Wandle Road, Morden, SM4.
Wandle Road, Morden, SM4 is located in the borough of Merton within the SM4 postal district.
Flat 14, Island House 200, Morden has 61 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated September 2022.
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 14 Island House 200 Morden as £322,280 and the rental value as £1,465 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 14 Island House 200 Morden has increased by £3,500 (1.1%) and its rental value has increased by £51 per month (3.4%).
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 Flat 14, Island House 200, Morden is in very good condition we estimate a sale value of £338,394 and rental value of £1,539 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £299,721 and a rental value of £1,363 per month.
If you were able to purchase this property for the estimated value of £322,280, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,584 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 14, Island House 200, Morden was last sold on 30 Aug 2023 for £315,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
Since Aug 2023, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 14, Island House 200, Morden within a radius of 540 metres over the last 2 years.
The most recent example is Flat 4, Riverside House 196, Wandle Road, Morden, SM4 6AU, a Leasehold flat which sold for £320,000 in Oct 2021.
Read more about house prices in SM4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wandle Road, Morden, SM4 has a total of 244 addresses. According to our analysis of all the public data, Flat 14, Island House 200, Morden is the 209th largest and the 207th most expensive property on the street.
When compared to the postcode district it is £165k less expensive than the average property in SM4.
Flat 14, Island House 200, Morden has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Sep 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 14, Island House 200, Morden is Morden station which is 800 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 14, Island House 200, Morden, 48.5% of property is privately rented and 29.9% 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 14, Island House 200, Morden, 19.2% of residents are recorded as possessing school level qualifications and 47.0% 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 14, Island House 200, Morden, the average age was 38.9 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 14, Island House 200, Morden, 0.3% 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 14, Island House 200, Morden, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.