According to the public record, 127, Firs Close, Mitcham is a mid-century leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Firs Close, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
127, Firs Close, Mitcham has 51 entries in the Land Registry database, most recently in July 2020 and a single entry in the EPC database dated October 2022.
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 127 Firs Close Mitcham as £230,061 and the rental value as £1,406 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 127 Firs Close Mitcham has increased by £5,104 (2.2%) and its rental value has increased by £57 per month (4.1%).
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 127, Firs Close, Mitcham is in very good condition we estimate a sale value of £241,564 and rental value of £1,477 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £213,956 and a rental value of £1,308 per month.
If you were able to purchase this property for the estimated value of £230,061, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,131 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, 127, Firs Close, Mitcham was last sold on 31 Jul 2020 for £215,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Jul 2020, the market for similar properties has risen 3.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 127, Firs Close, Mitcham within a radius of 420 metres over the last 2 years.
The most recent example is 41, Firs Close, Mitcham, CR4 1AX, a Leasehold flat which sold for £218,000 in Dec 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 420 metres radius of 127, Firs Close, 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.
Firs Close, Mitcham, CR4 has a total of 97 addresses. According to our analysis of all the public data, 127, Firs Close, Mitcham is the 66th largest and the 92nd most expensive property on the street.
When compared to the postcode district it is £165k less expensive than the average property in CR4.
127, Firs Close, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Oct 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 127, Firs Close, 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 127, Firs Close, Mitcham, 43.0% of property is privately owned with a mortgage and 34.7% 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 127, Firs Close, Mitcham, 16.6% of residents are recorded as possessing school level qualifications and 46.6% 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 127, Firs Close, 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 127, Firs Close, Mitcham, 1.9% 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 127, Firs Close, Mitcham, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.