According to the public record, 240, Ashbourne Road, Mitcham is a mid-century leasehold apartment with 402 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Ashbourne Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
240, Ashbourne Road, Mitcham has 21 entries in the Land Registry database, most recently in August 2011 and a single entry in the EPC database dated September 2010.
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 240 Ashbourne Road Mitcham as £244,709 and the rental value as £1,348 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 240 Ashbourne Road Mitcham has increased by £8,590 (3.5%) and its rental value has increased by £64 per month (4.8%).
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 240, Ashbourne Road, Mitcham is in very good condition we estimate a sale value of £256,944 and rental value of £1,415 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £227,579 and a rental value of £1,253 per month.
If you were able to purchase this property for the estimated value of £244,709, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,203 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, 240, Ashbourne Road, Mitcham was last sold on 31 Aug 2011 for £140,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2011, the market for similar properties has risen 81.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 240, Ashbourne Road, Mitcham within a radius of 380 metres over the last 2 years.
The most recent example is Flat 3, 145, Streatham Road, Mitcham, CR4 2AG, a Leasehold flat which sold for £237,500 in Feb 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 2 lets within a 380 metres radius of 240, Ashbourne Road, Mitcham over the last 2 years.
Most recently Flat 1, 34, Park Avenue, Mitcham, CR4 2EL, a Leasehold flat let by Your Home Managed in Jul 2023.
Ashbourne Road, Mitcham, CR4 has a total of 222 addresses. According to our analysis of all the public data, 240, Ashbourne Road, Mitcham is the 199th largest and the 201st most expensive property on the street.
When compared to the postcode district it is £150k less expensive than the average property in CR4.
240, Ashbourne Road, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Sep 2010.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 240, Ashbourne Road, Mitcham is Tooting station which is 700 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 240, Ashbourne Road, Mitcham, 38.5% of property is privately owned with a mortgage and 35.0% 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 240, Ashbourne Road, Mitcham, 19.9% of residents are recorded as possessing school level qualifications and 49.6% 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 240, Ashbourne Road, Mitcham, the average age was 38.1 and the most common age was 27.
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 240, Ashbourne 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 240, Ashbourne 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.