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Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for 16, Chipstead Close, Sutton is £173,751 and the estimated rental value is £981 per month.
Chipstead Close, Sutton, SM2 is located in the borough of Sutton within the SM2 postal district.
16, Chipstead Close, Sutton has no recent1 records in the the Land Registry and a single entry in the EPC database dated January 2020.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 16, Chipstead Close, Sutton is in very good condition we estimate a sale value of £182,439 and a rental value of £1,030 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £161,589 and a rental value of £912 per month.
Over the last 12 months the sale value of 16 Chipstead Close Sutton has decreased by an estimated £3,364 (1.9%) and its rental value has increased by an estimated £37 per month (3.7%), giving an expected gross yield of 6.8%.
16, Chipstead Close, Sutton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jan 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 16, Chipstead Close, Sutton was last sold on 5th November 2004 for £125,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Chipstead Close, Sutton within a radius of 370 metres over the last 2 years.
The most recent example is 24, Chipstead Close, Sutton, SM2 6BE, a leasehold flat which sold for £175,000 on the 26th August 2021.
Read more about house prices in SM2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chipstead Close, Sutton, SM2 has a total of 87 addresses. According to our analysis of all the public data, 16, Chipstead Close, Sutton is the 87th largest and the 87th most expensive property on the street.
When compared to the postcode district it is £377k less expensive than the average property in SM2.
The nearest school is Overton Grange School which is 100 metres away. The nearest train station is Belmont which is 800 metres away.
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