According to the public record, 114, Grove Road, Mitcham is a early-century leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Grove Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
114, Grove Road, Mitcham has a single entry in the Land Registry database from September 2007 and a single entry in the EPC database dated April 2016.
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 114 Grove Road Mitcham as £283,467 and the rental value as £1,597 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 114 Grove Road Mitcham has increased by £5,258 (1.9%) and its rental value has increased by £60 per month (3.8%).
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 114, Grove Road, Mitcham is in very good condition we estimate a sale value of £297,641 and rental value of £1,677 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £263,625 and a rental value of £1,485 per month.
If you were able to purchase this property for the estimated value of £283,467, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,393 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, 114, Grove Road, Mitcham was last sold on 27 Sep 2007 for £160,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2007, the market for similar properties has risen 64.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 114, Grove Road, Mitcham within a radius of 400 metres over the last 2 years.
The most recent example is 53, Acacia Road, Mitcham, CR4 1SF, a Leasehold flat which sold for £274,000 in Aug 2023.
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 400 metres radius of 114, Grove Road, Mitcham over the last 2 years.
Most recently Flat 17, Jupiter House, Esquiline Lane, Mitcham, CR4 1GH, a Leasehold flat let by Your Home Managed in Jul 2024.
Grove Road, Mitcham, CR4 has a total of 266 addresses. According to our analysis of all the public data, 114, Grove Road, Mitcham is the 243rd largest and the 203rd most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in CR4.
114, Grove Road, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Apr 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 114, Grove Road, Mitcham is Mitcham Eastfields station which is 200 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 114, Grove Road, Mitcham, 35.0% of property is privately owned with a mortgage and 33.3% 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 114, Grove Road, Mitcham, 21.9% of residents are recorded as possessing school level qualifications and 41.0% 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 114, Grove Road, Mitcham, the average age was 35.1 and the most common age was 37.
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 114, Grove Road, Mitcham, 0.6% 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 114, Grove Road, Mitcham, 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.