According to the public record, 42, Bank Avenue, Mitcham is a early-century freehold house with 1,140 ft2 of internal area and sits on a 134 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Bank Avenue, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
42, Bank Avenue, Mitcham has 21 entries in the Land Registry database, most recently in December 2018 and a single entry in the EPC database dated August 2018.
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 42 Bank Avenue Mitcham as £502,946 and the rental value as £2,742 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 42 Bank Avenue Mitcham has increased by £3,498 (0.7%) and its rental value has increased by £71 per month (2.6%).
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 42, Bank Avenue, Mitcham is in very good condition we estimate a sale value of £528,094 and rental value of £2,879 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £467,740 and a rental value of £2,550 per month.
If you were able to purchase this property for the estimated value of £502,946, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,472 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, 42, Bank Avenue, Mitcham sits on a plot of 134m2.
We have plot size data on 13 out of 27 other houses in the postcode and 42, Bank Avenue, Mitcham sits on the 10th largest plot.
According to HM Land Registry, 42, Bank Avenue, Mitcham was last sold on 14 Dec 2018 for £450,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2018, the market for similar properties has risen 17.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Bank Avenue, Mitcham within a radius of 370 metres over the last 2 years.
The most recent example is 19, Ashtree Avenue, Mitcham, CR4 3DS, a Freehold house which sold for £400,000 in Mar 2021.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bank Avenue, Mitcham, CR4 has a total of 56 addresses. According to our analysis of all the public data, 42, Bank Avenue, Mitcham is the 4th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £108k more expensive than the average property in CR4.
42, Bank Avenue, Mitcham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Aug 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 42, Bank Avenue, Mitcham is Colliers Wood station which is 1.3 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 42, Bank Avenue, Mitcham, 39.4% of property is privately owned with a mortgage and 28.5% is privately owned outright.
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 42, Bank Avenue, Mitcham, 20.8% of residents are recorded as possessing school level qualifications and 42.9% 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 42, Bank Avenue, 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 42, Bank Avenue, Mitcham, 0.9% 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 42, Bank Avenue, 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.