According to the public record, 15, Spencer Road, Mitcham is a period freehold house with 990 ft2 of internal area and sits on a 247 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spencer Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
15, Spencer Road, Mitcham has a single entry in the Land Registry database from July 2008 and a single entry in the EPC database dated February 2020.
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 15 Spencer Road Mitcham as £457,507 and the rental value as £2,479 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 15 Spencer Road Mitcham has increased by £6,268 (1.4%) and its rental value has increased by £82 per month (3.3%).
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 15, Spencer Road, Mitcham is in very good condition we estimate a sale value of £480,382 and rental value of £2,603 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £425,481 and a rental value of £2,306 per month.
If you were able to purchase this property for the estimated value of £457,507, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,249 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 data from HM Land Registry, 15, Spencer Road, Mitcham sits on a plot of 247m2.
We have plot size data on 19 out of 29 other houses in the postcode and 15, Spencer Road, Mitcham sits on the 2nd largest plot.
According to HM Land Registry, 15, Spencer Road, Mitcham was last sold on 14 Jul 2008 for £191,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2008, the market for similar properties has risen 113.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Spencer Road, Mitcham within a radius of 490 metres over the last 2 years.
The most recent example is 1, Kings Road, Mitcham, CR4 1SN, a Freehold house which sold for £400,000 in Nov 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 490 metres radius of 15, Spencer 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.
Spencer Road, Mitcham, CR4 has a total of 84 addresses. According to our analysis of all the public data, 15, Spencer Road, Mitcham is the 30th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £63k more expensive than the average property in CR4.
15, Spencer Road, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Feb 2020.
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 15, Spencer Road, Mitcham is Mitcham Eastfields station which is 500 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 15, Spencer Road, Mitcham, 37.4% of property is privately owned with a mortgage and 30.1% 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 15, Spencer Road, Mitcham, 20.1% of residents are recorded as possessing school level qualifications and 47.9% 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 15, Spencer Road, 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 15, Spencer Road, Mitcham, 0.0% 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 15, Spencer 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.