According to the public record, Flat 5, Redruth House, Sutton is a mid-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 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 5, Redruth House, Sutton has a single entry in the Land Registry database from May 2019 and a single entry in the EPC database dated February 2019.
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 5 Redruth House Sutton as £305,899 and the rental value as £1,613 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 5 Redruth House Sutton has increased by £4,929 (1.6%) and its rental value has increased by £74 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 5, Redruth House, Sutton is in very good condition we estimate a sale value of £321,194 and rental value of £1,693 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £284,486 and a rental value of £1,500 per month.
If you were able to purchase this property for the estimated value of £305,899, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,503 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 5, Redruth House, Sutton was last sold on 24 May 2019 for £295,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2019, the market for similar properties has risen 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Redruth House, Sutton within a radius of 360 metres over the last 2 years.
The most recent example is 2, Fairford Court, Sutton, SM2 6RY, a Leasehold flat which sold for £315,000 in Jul 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 5, Redruth House, Sutton is the 136th largest and the 175th most expensive property on the street.
When compared to the postcode district it is £255k less expensive than the average property in SM2.
Flat 5, Redruth House, Sutton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Feb 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 5, 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 5, Redruth House, Sutton, 35.1% of property is privately owned outright and 32.8% 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 5, Redruth House, Sutton, 20.7% of residents are recorded as possessing school level qualifications and 50.6% 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 5, 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 5, Redruth House, Sutton, 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 5, Redruth House, Sutton, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.