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According to the public record, Flat 5, Cluster House 22, Morden is a modern leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 5, Cluster House 22, Morden is £255,199 and the estimated rental value is £1,403 per month.
The apartment is within Cluster House, Schoolgate Drive, Morden, SM4.
Schoolgate Drive, Morden, SM4 is located in the borough of Merton within the SM4 postal district.
Flat 5, Cluster House 22, Morden has 2 entries in the Land Registry , most recently in September 2021 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.
The local information is scored as 5 out of 5 and is considered of high 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 Flat 5, Cluster House 22, Morden is in very good condition we estimate a sale value of £267,959 and a rental value of £1,473 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £237,335 and a rental value of £1,304 per month.
Over the past 12 months, the estimated sale value of Flat 5, Cluster House 22, Morden has moved down by £479 (0.2%), while its estimated rental value has increased by £61 per month (4.3%). Based on current estimates, the property offers a gross rental yield of 6.6%.
Flat 5, Cluster House 22, Morden has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 May 2013.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 5, Cluster House 22, Morden was last sold on 24th September 2021 for £225,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since September 2021, the market for similar properties has dropped by 1.9%.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Cluster House 22, Morden within a radius of 410 metres over the last 2 years.
The most recent example is Flat 19, Cluster House 22, Schoolgate Drive, Morden, SM4 5BW, a leasehold flat which sold for £250,000 on the 29th April 2024.
Read more about house prices in SM4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Schoolgate Drive, Morden, SM4 has a total of 296 addresses. According to our analysis of all the public data, Flat 5, Cluster House 22, Morden is the 259th largest and the 288th most expensive property on the street.
When compared to the postcode district it is £224k less expensive than the average property in SM4.
The closest station to Flat 5, Cluster House 22, Morden is Morden South station, which is 700 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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, Cluster House 22, Morden, 39.2% of property is privately owned with a mortgage and 27.6% 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, Cluster House 22, Morden, 18.0% of residents are recorded as possessing school level qualifications and 48.3% 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, Cluster House 22, Morden, the average age was 36.2 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 5, Cluster House 22, Morden, 0.2% 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, Cluster House 22, Morden, 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.
