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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Flat 9, 40, Mollison Drive, Wallington is a modern leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 9, 40, Mollison Drive, Wallington is £119,098 and the estimated rental value is £686 per month.
The apartment is within 40, Mollison Drive, Wallington, SM6.
Mollison Drive, Wallington, SM6 is located in the borough of Sutton within the SM6 postal district.
Flat 9, 40, Mollison Drive, Wallington has a single entry in the Land Registry from June 2019 and a single entry in the EPC database dated March 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 Flat 9, 40, Mollison Drive, Wallington is in very good condition we estimate a sale value of £125,052 and a rental value of £720 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £110,761 and a rental value of £638 per month.
Over the last 12 months the sale value of Flat 9 40 Mollison Drive Wallington has decreased by an estimated £2,034 (1.7%) and its rental value has increased by an estimated £18 per month (2.6%), giving an expected gross yield of 6.9%.
Flat 9, 40, Mollison Drive, Wallington has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Mar 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 9, 40, Mollison Drive, Wallington was last sold on 21st June 2019 for £215,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2019, the market for similar properties has dropped 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 9, 40, Mollison Drive, Wallington within a radius of 550 metres over the last 2 years.
The most recent example is 49, Brown Close, Wallington, SM6 9ER, a leasehold flat which sold for £122,700 on the 16th July 2020.
Read more about house prices in SM6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mollison Drive, Wallington, SM6 has a total of 136 addresses. According to our analysis of all the public data, Flat 9, 40, Mollison Drive, Wallington is the 127th largest and the 133rd most expensive property on the street.
When compared to the postcode district it is £320k less expensive than the average property in SM6.
The nearest school is St Elphege's RC Junior School which is 165 metres away. The nearest train station is Waddon which is 1.4 kilometres away.
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