According to the public record, 3, Island Road, Mitcham is a early-century freehold house with 1,227 ft2 of internal area and sits on a 215 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Island Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
3, Island Road, Mitcham has a single entry in the Land Registry database from April 2023 and a single entry in the EPC database dated August 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 3 Island Road Mitcham as £567,444 and the rental value as £2,917 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 3 Island Road Mitcham has increased by £6,810 (1.2%) and its rental value has increased by £73 per month (2.5%).
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 3, Island Road, Mitcham is in very good condition we estimate a sale value of £595,816 and rental value of £3,063 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £527,723 and a rental value of £2,713 per month.
If you were able to purchase this property for the estimated value of £567,444, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,789 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, 3, Island Road, Mitcham sits on a plot of 215m2.
We have plot size data on 14 out of 30 other houses in the postcode and 3, Island Road, Mitcham sits on the 4th largest plot.
According to HM Land Registry, 3, Island Road, Mitcham was last sold on 14 Apr 2023 for £555,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2023, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Island Road, Mitcham within a radius of 410 metres over the last 2 years.
The most recent example is 22, Friday Road, Mitcham, CR4 3JQ, a Freehold house which sold for £500,000 in Jun 2022.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Island Road, Mitcham, CR4 has a total of 30 addresses. According to our analysis of all the public data, 3, Island Road, Mitcham is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £173k more expensive than the average property in CR4.
3, Island Road, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Aug 2022.
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 3, Island Road, Mitcham is Tooting station which is 600 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 3, Island Road, Mitcham, 30.6% of property is privately owned outright and 25.9% 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 3, Island Road, Mitcham, 18.7% of residents are recorded as possessing school level qualifications and 39.4% 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 3, Island Road, 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 3, Island Road, Mitcham, 1.0% 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 3, Island 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.