According to the public record, 4, Mcrae Lane, Mitcham is a modern house with 828 ft2 of internal area and sits on a 2,665 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mcrae Lane, Mitcham, CR4 is located in the borough of Sutton within the CR4 postal district.
4, Mcrae Lane, Mitcham has no records in the Land Registry database and a single entry in the EPC database dated October 2018.
We combine this information with public data 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 4 Mcrae Lane Mitcham as £236,025 and the rental value as £1,334 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 4 Mcrae Lane Mitcham has increased by £5,681 (2.4%) and its rental value has increased by £61 per month (4.5%).
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 4, Mcrae Lane, Mitcham is in very good condition we estimate a sale value of £247,826 and rental value of £1,401 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £219,503 and a rental value of £1,241 per month.
If you were able to purchase this property for the estimated value of £236,025, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,160 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, 4, Mcrae Lane, Mitcham sits on a plot of 2665m2.
We have plot size data on 38 out of 38 other houses in the postcode and 4, Mcrae Lane, Mitcham sits on the 2nd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 4, Mcrae Lane, Mitcham within a radius of 430 metres over the last 2 years.
The most recent example is 3, Mcrae Lane, Mitcham, CR4 4AT, a Leasehold house which sold for £100,000 in Aug 2008.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mcrae Lane, Mitcham, CR4 has a total of 55 addresses. According to our analysis of all the public data, 4, Mcrae Lane, Mitcham is the 22nd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £159k less expensive than the average property in CR4.
4, Mcrae Lane, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Oct 2018.
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 4, Mcrae Lane, Mitcham is Hackbridge station which is 1.1 kilometres 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 4, Mcrae Lane, Mitcham, 73.4% of property is socially rented and 9.6% 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 4, Mcrae Lane, Mitcham, 29.9% of residents are recorded as possessing school level qualifications and 25.7% 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 4, Mcrae Lane, Mitcham, the average age was 34.9 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 4, Mcrae Lane, 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 4, Mcrae Lane, 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.