According to the public record, Flat 3, 218, Morden Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 218, Morden Road, London, SW19.
Morden Road, London, SW19 is located in the borough of Merton within the SW19 postal district.
Flat 3, 218, Morden Road, London has a single entry in the Land Registry database from March 2020 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 3 218 Morden Road London as £248,018 and the rental value as £1,227 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 3 218 Morden Road London has increased by £6,625 (2.7%) and its rental value has increased by £56 per month (4.6%).
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 3, 218, Morden Road, London is in very good condition we estimate a sale value of £260,419 and rental value of £1,289 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £230,657 and a rental value of £1,141 per month.
If you were able to purchase this property for the estimated value of £248,018, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,219 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 3, 218, Morden Road, London was last sold on 27 Mar 2020 for £200,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2020, the market for similar properties has risen 9.7%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 3, 218, Morden Road, London within a radius of 690 metres over the last 2 years.
The most recent example is 63A, London Road, Morden, SM4 5HT, a Leasehold flat which sold for £165,000 in Apr 2014.
Read more about house prices in SW19.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morden Road, London, SW19 has a total of 154 addresses. According to our analysis of all the public data, Flat 3, 218, Morden Road, London is the 126th largest and the 145th most expensive property on the street.
When compared to the postcode district it is £614k less expensive than the average property in SW19.
The closest station to Flat 3, 218, Morden Road, London is Morden station which is 500 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 3, 218, Morden Road, London, 42.4% of property is privately owned outright and 31.1% 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 3, 218, Morden Road, London, 24.1% of residents are recorded as possessing school level qualifications and 55.3% 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 3, 218, Morden Road, London, the average age was 41 and the most common age was 42.
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 3, 218, Morden Road, London, 1.1% 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 3, 218, Morden Road, London, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.