According to the public record, 27, Veals Mead, Mitcham is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 929 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Veals Mead, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
27, Veals Mead, Mitcham has 21 entries in the Land Registry database, most recently in March 2017 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 27 Veals Mead Mitcham as £556,926 and the rental value as £2,500 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 27 Veals Mead Mitcham has increased by £9,407 (1.7%) and its rental value has increased by £84 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 27, Veals Mead, Mitcham is in very good condition we estimate a sale value of £584,772 and rental value of £2,625 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £517,941 and a rental value of £2,325 per month.
If you were able to purchase this property for the estimated value of £556,926, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,737 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, 27, Veals Mead, Mitcham was last sold on 27 Mar 2017 for £460,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2017, the market for similar properties has risen 13.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 27, Veals Mead, Mitcham within a radius of 430 metres over the last 2 years.
The most recent example is 54, Wilson Avenue, Mitcham, CR4 3JL, a Freehold house which sold for £562,500 in Jun 2023.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Veals Mead, Mitcham, CR4 has a total of 77 addresses. According to our analysis of all the public data, 27, Veals Mead, Mitcham is the 30th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £162k more expensive than the average property in CR4.
The closest station to 27, Veals Mead, Mitcham is Colliers Wood station which is 900 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 27, Veals Mead, Mitcham, 42.2% of property is privately owned with a mortgage and 30.3% 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 27, Veals Mead, Mitcham, 18.0% of residents are recorded as possessing school level qualifications and 46.9% 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 27, Veals Mead, Mitcham, the average age was 35.3 and the most common age was 32.
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 27, Veals Mead, Mitcham, 0.3% 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 27, Veals Mead, Mitcham, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.