According to the public record, 41, Lavender Grove, Mitcham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 776 ft2 of internal area and a garden.
Apartments of this size in this area normally have 3 bedrooms.
Lavender Grove, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
41, Lavender Grove, Mitcham has a single entry in the Land Registry database from 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 41 Lavender Grove Mitcham as £267,712 and the rental value as £1,697 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 41 Lavender Grove Mitcham has increased by £6,739 (2.5%) and its rental value has increased by £75 per month (4.4%).
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 41, Lavender Grove, Mitcham is in very good condition we estimate a sale value of £281,097 and rental value of £1,782 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £248,972 and a rental value of £1,578 per month.
If you were able to purchase this property for the estimated value of £267,712, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,316 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, 41, Lavender Grove, Mitcham was last sold on 03 Sep 2008 for £200,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2008, the market for similar properties has risen 93.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Lavender Grove, Mitcham within a radius of 400 metres over the last 2 years.
The most recent example is 54, Monarch Parade, Mitcham, CR4 3HA, a Leasehold flat which sold for £200,000 in Sep 2022.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lavender Grove, Mitcham, CR4 has a total of 50 addresses. According to our analysis of all the public data, 41, Lavender Grove, Mitcham is the 48th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £127k less expensive than the average property in CR4.
The closest station to 41, Lavender Grove, Mitcham is Mitcham Eastfields station which is 1.0 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 41, Lavender Grove, Mitcham, 27.6% of property is privately rented and 23.3% 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 41, Lavender Grove, Mitcham, 26.9% of residents are recorded as possessing school level qualifications and 36.8% 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 41, Lavender Grove, Mitcham, the average age was 34.8 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 41, Lavender Grove, 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 41, Lavender Grove, 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.