According to the public record, Flat B, 489, Garratt Lane, London is a modern leasehold apartment with 704 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 B, 489, Garratt Lane, London has 31 entries in the Land Registry database, most recently in December 2015 and a single entry in the EPC database dated April 2010.
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 B 489 Garratt Lane London as £519,840 and the rental value as £2,248 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Flat B 489 Garratt Lane London has increased by £13,249 (2.5%) and its rental value has increased by £121 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 B, 489, Garratt Lane, London is in very good condition we estimate a sale value of £545,832 and rental value of £2,360 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £483,451 and a rental value of £2,090 per month.
If you were able to purchase this property for the estimated value of £519,840, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,555 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 B, 489, Garratt Lane, London was last sold on 22 Dec 2015 for £550,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2015, the market for similar properties has dropped 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat B, 489, Garratt Lane, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 117, Voltaire Buildings 330, Garratt Lane, London, SW18 4FR, a Leasehold flat which sold for £490,000 in May 2024.
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 B, 489, Garratt Lane, London is the 351st largest and the 249th most expensive property on the street.
When compared to the postcode district it is £277k less expensive than the average property in SW18.
Flat B, 489, Garratt Lane, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 Apr 2010.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat B, 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 B, 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 B, 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 B, 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 B, 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 B, 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.