According to the public record, Flat 18, Lorraine Court 32-34, Sutton is a mid-century leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Lorraine Court, Camborne Road, Sutton, SM2.
Camborne Road, Sutton, SM2 is located in the borough of Sutton within the SM2 postal district.
Flat 18, Lorraine Court 32-34, Sutton has 31 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated August 2014.
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 18 Lorraine Court 32-34 Sutton as £291,203 and the rental value as £1,549 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 18 Lorraine Court 32-34 Sutton has increased by £10,327 (3.5%) and its rental value has increased by £102 per month (6.6%).
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 18, Lorraine Court 32-34, Sutton is in very good condition we estimate a sale value of £305,763 and rental value of £1,626 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £270,819 and a rental value of £1,440 per month.
If you were able to purchase this property for the estimated value of £291,203, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,431 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 18, Lorraine Court 32-34, Sutton was last sold on 22 Jun 2022 for £310,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2022, the market for similar properties has dropped 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, Lorraine Court 32-34, Sutton within a radius of 400 metres over the last 2 years.
The most recent example is Flat 16, Lorraine Court 32-34, Camborne Road, Sutton, SM2 6RE, a Leasehold flat which sold for £275,000 in Nov 2023.
Read more about house prices in SM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Camborne Road, Sutton, SM2 has a total of 180 addresses. According to our analysis of all the public data, Flat 18, Lorraine Court 32-34, Sutton is the 138th largest and the 141st most expensive property on the street.
When compared to the postcode district it is £270k less expensive than the average property in SM2.
Flat 18, Lorraine Court 32-34, Sutton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Aug 2014.
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 Flat 18, Lorraine Court 32-34, Sutton is Sutton (London) station which is 900 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 18, Lorraine Court 32-34, Sutton, 46.8% of property is privately rented and 31.5% 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 18, Lorraine Court 32-34, Sutton, 16.0% of residents are recorded as possessing school level qualifications and 38.1% 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 18, Lorraine Court 32-34, Sutton, the average age was 39.3 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 18, Lorraine Court 32-34, Sutton, 0.7% 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 18, Lorraine Court 32-34, Sutton, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.