According to the public record, Flat A, 489, Garratt Lane, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 639 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 489, Garratt Lane, London, SW18.
Garratt Lane, London, SW18 is located in the borough of Wandsworth within the SW18 postal district.
Flat A, 489, Garratt Lane, London has 51 entries in the Land Registry database, most recently in November 2015 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 A 489 Garratt Lane London as £487,777 and the rental value as £2,132 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Flat A 489 Garratt Lane London has increased by £12,432 (2.5%) and its rental value has increased by £115 per month (5.4%).
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 A, 489, Garratt Lane, London is in very good condition we estimate a sale value of £512,166 and rental value of £2,238 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £453,633 and a rental value of £1,983 per month.
If you were able to purchase this property for the estimated value of £487,777, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,397 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 A, 489, Garratt Lane, London was last sold on 27 Nov 2015 for £455,500 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Nov 2015, the market for similar properties has dropped 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat A, 489, Garratt Lane, London within a radius of 320 metres over the last 2 years.
The most recent example is 155, Penwith Road, London, SW18 4PZ, a Leasehold flat which sold for £478,150 in Oct 2023.
Read more about house prices in SW18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Garratt Lane, London, SW18 has a total of 994 addresses. According to our analysis of all the public data, Flat A, 489, Garratt Lane, London is the 523rd largest and the 301st most expensive property on the street.
When compared to the postcode district it is £309k less expensive than the average property in SW18.
The closest station to Flat A, 489, Garratt Lane, London is Earlsfield station which is 100 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 A, 489, Garratt Lane, London, 40.2% of property is privately rented and 27.9% 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 A, 489, Garratt Lane, London, 9.3% of residents are recorded as possessing school level qualifications and 73.9% 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 A, 489, Garratt Lane, London, the average age was 34.9 and the most common age was 32.
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 A, 489, Garratt Lane, London, 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 A, 489, Garratt Lane, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.