According to the public record, 10, Summerhill Way, Mitcham is a modern leasehold apartment with 376 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Summerhill Way, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
10, Summerhill Way, Mitcham has 41 entries in the Land Registry database, most recently in February 2021 and a single entry in the EPC database dated October 2014.
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 10 Summerhill Way Mitcham as £226,582 and the rental value as £1,257 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 10 Summerhill Way Mitcham has increased by £5,423 (2.4%) and its rental value has increased by £53 per month (4.2%).
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 10, Summerhill Way, Mitcham is in very good condition we estimate a sale value of £237,911 and rental value of £1,320 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £210,721 and a rental value of £1,169 per month.
If you were able to purchase this property for the estimated value of £226,582, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,114 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, 10, Summerhill Way, Mitcham was last sold on 26 Feb 2021 for £215,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Feb 2021, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10, Summerhill Way, Mitcham within a radius of 450 metres over the last 2 years.
The most recent example is 24, Summerhill Way, Mitcham, CR4 2NJ, a Leasehold flat which sold for £250,000 in Jun 2024.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 450 metres radius of 10, Summerhill Way, Mitcham over the last 2 years.
Most recently 57, Grove Road, Mitcham, CR4 1SL, a Freehold house let by Your Home Managed in Jun 2024.
Summerhill Way, Mitcham, CR4 has a total of 43 addresses. According to our analysis of all the public data, 10, Summerhill Way, Mitcham is the 40th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £168k less expensive than the average property in CR4.
10, Summerhill Way, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Oct 2014.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 10, Summerhill Way, Mitcham is Mitcham Eastfields station which is 300 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 10, Summerhill Way, Mitcham, 44.4% of property is privately rented and 30.8% 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 10, Summerhill Way, Mitcham, 19.3% of residents are recorded as possessing school level qualifications and 44.6% 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 10, Summerhill Way, Mitcham, the average age was 37.3 and the most common age was 42.
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 10, Summerhill Way, Mitcham, 0.7% 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 10, Summerhill Way, Mitcham, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.