According to the public record, Flat 4, 18, Park Road, Wallington is a period leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 18, Park Road, Wallington, SM6.
Park Road, Wallington, SM6 is located in the borough of Sutton within the SM6 postal district.
Flat 4, 18, Park Road, Wallington has 31 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated February 2021.
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 4 18 Park Road Wallington as £296,323 and the rental value as £1,435 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 4 18 Park Road Wallington has increased by £7,779 (2.6%) and its rental value has increased by £72 per month (5.0%).
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 4, 18, Park Road, Wallington is in very good condition we estimate a sale value of £311,139 and rental value of £1,506 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £275,581 and a rental value of £1,334 per month.
If you were able to purchase this property for the estimated value of £296,323, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,456 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 4, 18, Park Road, Wallington was last sold on 01 Nov 2022 for £290,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2022, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 18, Park Road, Wallington within a radius of 360 metres over the last 2 years.
The most recent example is Flat 2, 30, Queens Road, Wallington, SM6 0AG, a Leasehold flat which sold for £285,000 in Feb 2024.
Read more about house prices in SM6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Road, Wallington, SM6 has a total of 126 addresses. According to our analysis of all the public data, Flat 4, 18, Park Road, Wallington is the 79th largest and the 66th most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in SM6.
Flat 4, 18, Park Road, Wallington has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Feb 2021.
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 4, 18, Park Road, Wallington is Wallington station which is 400 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 4, 18, Park Road, Wallington, 32.3% of property is privately owned with a mortgage and 29.0% 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 4, 18, Park Road, Wallington, 25.1% of residents are recorded as possessing school level qualifications and 39.2% 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 4, 18, Park Road, Wallington, the average age was 39.4 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 4, 18, Park Road, Wallington, 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 4, 18, Park Road, Wallington, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.