According to the public record, Flat 47, Redruth House, Sutton is a mid-century leasehold apartment with 979 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Redruth House, Grange Road, Sutton, SM2.
Grange Road, Sutton, SM2 is located in the borough of Sutton within the SM2 postal district.
Flat 47, Redruth House, Sutton has 31 entries in the Land Registry database, most recently in November 2013 and a single entry in the EPC database dated May 2013.
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 47 Redruth House Sutton as £370,666 and the rental value as £1,946 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 47 Redruth House Sutton has increased by £7,472 (2.0%) and its rental value has increased by £98 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 47, Redruth House, Sutton is in very good condition we estimate a sale value of £389,199 and rental value of £2,044 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £344,719 and a rental value of £1,810 per month.
If you were able to purchase this property for the estimated value of £370,666, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,822 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 47, Redruth House, Sutton was last sold on 01 Nov 2013 for £300,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2013, the market for similar properties has risen 27.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 47, Redruth House, Sutton within a radius of 360 metres over the last 2 years.
The most recent example is Flat 59, Redruth House, Grange Road, Sutton, SM2 6RU, a Leasehold flat which sold for £410,000 in Feb 2023.
Read more about house prices in SM2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grange Road, Sutton, SM2 has a total of 291 addresses. According to our analysis of all the public data, Flat 47, Redruth House, Sutton is the 56th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £190k less expensive than the average property in SM2.
Flat 47, Redruth House, Sutton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 May 2013.
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 47, Redruth House, Sutton is Sutton (London) station which is 600 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 47, Redruth House, Sutton, 52.6% of property is privately rented and 23.7% 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 47, Redruth House, Sutton, 24.5% of residents are recorded as possessing school level qualifications and 46.4% 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 47, Redruth House, 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 47, Redruth House, Sutton, 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 47, Redruth House, 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.