According to the public record, 342, Grove Road, Mitcham is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 966 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Grove Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
342, Grove Road, Mitcham has 31 entries in the Land Registry database, most recently in September 2008 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 342 Grove Road Mitcham as £505,323 and the rental value as £2,542 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 342 Grove Road Mitcham has increased by £8,865 (1.8%) and its rental value has increased by £86 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 342, Grove Road, Mitcham is in very good condition we estimate a sale value of £530,589 and rental value of £2,669 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £469,950 and a rental value of £2,364 per month.
If you were able to purchase this property for the estimated value of £505,323, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,484 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, 342, Grove Road, Mitcham was last sold on 19 Sep 2008 for £249,950 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2008, the market for similar properties has risen 123.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 342, Grove Road, Mitcham within a radius of 420 metres over the last 2 years.
The most recent example is 318, Grove Road, Mitcham, CR4 1AB, a Freehold house which sold for £480,000 in Apr 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 420 metres radius of 342, Grove Road, Mitcham over the last 2 years.
Most recently 57, Grove Road, Mitcham, CR4 1SL, a Freehold house let by Your Home Managed in Jun 2024.
Grove Road, Mitcham, CR4 has a total of 266 addresses. According to our analysis of all the public data, 342, Grove Road, Mitcham is the 43rd largest and the 18th most expensive property on the street.
When compared to the postcode district it is £111k more expensive than the average property in CR4.
The closest station to 342, Grove Road, Mitcham is Mitcham Eastfields 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 342, Grove Road, Mitcham, 41.1% of property is privately owned with a mortgage and 29.5% 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 342, Grove Road, Mitcham, 25.7% of residents are recorded as possessing school level qualifications and 37.6% 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 342, Grove Road, Mitcham, the average age was 35.1 and the most common age was 37.
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 342, Grove Road, 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 342, Grove 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.