According to the public record, 38, Summerhill Way, Mitcham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Summerhill Way, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
38, Summerhill Way, Mitcham has 21 entries in the Land Registry database, most recently in December 2006 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 38 Summerhill Way Mitcham as £233,180 and the rental value as £1,313 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 38 Summerhill Way Mitcham has increased by £5,581 (2.4%) and its rental value has increased by £56 per month (4.2%).
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 38, Summerhill Way, Mitcham is in very good condition we estimate a sale value of £244,839 and rental value of £1,378 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £216,857 and a rental value of £1,221 per month.
If you were able to purchase this property for the estimated value of £233,180, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,146 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, 38, Summerhill Way, Mitcham was last sold on 05 Dec 2006 for £143,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Summerhill Way, Mitcham within a radius of 450 metres over the last 2 years.
The most recent example is 24, Summerhill Way, Mitcham, CR4 2NJ, a Leasehold flat which sold for £250,000 in Jun 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 1 let within a 450 metres radius of 38, Summerhill Way, 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.
Summerhill Way, Mitcham, CR4 has a total of 43 addresses. According to our analysis of all the public data, 38, Summerhill Way, Mitcham is the 28th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £162k less expensive than the average property in CR4.
The closest station to 38, Summerhill Way, 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 38, Summerhill Way, Mitcham, 44.4% of property is privately rented and 30.8% 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 38, Summerhill Way, Mitcham, 19.3% of residents are recorded as possessing school level qualifications and 44.6% 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 38, Summerhill Way, 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 38, Summerhill Way, Mitcham, 0.7% 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 38, Summerhill Way, Mitcham, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.