According to the public record, 23, Pearce Close, Mitcham is a modern freehold house with 775 ft2 of internal area and sits on a 195 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Pearce Close, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
23, Pearce Close, Mitcham has 41 entries in the Land Registry database, most recently in August 2021 and a single entry in the EPC database dated January 2009.
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 23 Pearce Close Mitcham as £492,497 and the rental value as £2,309 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 23 Pearce Close Mitcham has increased by £7,111 (1.4%) and its rental value has increased by £77 per month (3.4%).
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 23, Pearce Close, Mitcham is in very good condition we estimate a sale value of £517,121 and rental value of £2,424 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £458,022 and a rental value of £2,147 per month.
If you were able to purchase this property for the estimated value of £492,497, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,420 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, 23, Pearce Close, Mitcham sits on a plot of 195m2.
We have plot size data on 12 out of 15 other houses in the postcode and 23, Pearce Close, Mitcham sits on the 2nd largest plot.
According to HM Land Registry, 23, Pearce Close, Mitcham was last sold on 27 Aug 2021 for £490,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Aug 2021, the market for similar properties has risen 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Pearce Close, Mitcham within a radius of 370 metres over the last 2 years.
The most recent example is 13, Pearce Close, Mitcham, CR4 2GP, a Freehold house which sold for £480,000 in Oct 2021.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pearce Close, Mitcham, CR4 has a total of 27 addresses. According to our analysis of all the public data, 23, Pearce Close, Mitcham is the 10th largest and the most expensive property on the street.
When compared to the postcode district it is £98k more expensive than the average property in CR4.
23, Pearce Close, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Jan 2009.
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 23, Pearce Close, 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 23, Pearce Close, Mitcham, 45.1% of property is privately rented and 29.2% 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 23, Pearce Close, Mitcham, 20.1% of residents are recorded as possessing school level qualifications and 35.8% 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 23, Pearce Close, 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 23, Pearce Close, 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 23, Pearce Close, 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.