According to the public record, Flat 21, Timothy Place, West Molesey is a modern leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Timothy Place, Pool Close, West Molesey, KT8.
Pool Close, West Molesey, KT8 is located in the borough of Elmbridge within the KT8 postal district.
Flat 21, Timothy Place, West Molesey has 3 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated April 2015.
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 21 Timothy Place West Molesey as £275,204 and the rental value as £1,262 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 21 Timothy Place West Molesey has increased by £5,378 (2.0%) and its rental value has increased by £47 per month (3.7%).
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 21, Timothy Place, West Molesey is in very good condition we estimate a sale value of £288,964 and rental value of £1,326 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £255,940 and a rental value of £1,174 per month.
If you were able to purchase this property for the estimated value of £275,204, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,353 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 21, Timothy Place, West Molesey was last sold on 17 Oct 2022 for £285,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2022, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 21, Timothy Place, West Molesey within a radius of 780 metres over the last 2 years.
The most recent example is Flat 14, Timothy Place, Pool Close, West Molesey, KT8 2HR, a Leasehold flat which sold for £255,000 in Jun 2023.
Read more about house prices in KT8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pool Close, West Molesey, KT8 has a total of 47 addresses. According to our analysis of all the public data, Flat 21, Timothy Place, West Molesey is the 22nd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £400k less expensive than the average property in KT8.
Flat 21, Timothy Place, West Molesey has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Apr 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 21, Timothy Place, West Molesey is Hersham station which is 2.3 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 Flat 21, Timothy Place, West Molesey, 35.6% of property is privately owned outright and 33.1% 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 21, Timothy Place, West Molesey, 21.1% of residents are recorded as possessing school level qualifications and 32.7% 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 21, Timothy Place, West Molesey, the average age was 39.3 and the most common age was 42.
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 Flat 21, Timothy Place, West Molesey, 1.9% 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 Flat 21, Timothy Place, West Molesey, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.