According to the public record, 44, Gorringe Park Avenue, Mitcham is a period leasehold apartment with 1,237 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Gorringe Park Avenue, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
44, Gorringe Park Avenue, Mitcham has 21 entries in the Land Registry database, most recently in August 2021 and a single entry in the EPC database dated December 2020.
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 44 Gorringe Park Avenue Mitcham as £560,807 and the rental value as £3,057 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 44 Gorringe Park Avenue Mitcham has increased by £27,474 (4.9%) and its rental value has increased by £171 per month (5.6%).
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 44, Gorringe Park Avenue, Mitcham is in very good condition we estimate a sale value of £588,847 and rental value of £3,210 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £521,550 and a rental value of £2,843 per month.
If you were able to purchase this property for the estimated value of £560,807, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,756 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, 44, Gorringe Park Avenue, Mitcham was last sold on 27 Aug 2021 for £477,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2021, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 44, Gorringe Park Avenue, Mitcham within a radius of 370 metres over the last 2 years.
The most recent example is 65, Edenvale Road, Mitcham, CR4 2DP, a Leasehold flat which sold for £220,000 in Apr 2017.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gorringe Park Avenue, Mitcham, CR4 has a total of 170 addresses. According to our analysis of all the public data, 44, Gorringe Park Avenue, Mitcham is the 16th largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £166k more expensive than the average property in CR4.
44, Gorringe Park Avenue, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Dec 2020.
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 44, Gorringe Park Avenue, Mitcham is Tooting 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 44, Gorringe Park Avenue, Mitcham, 38.8% of property is privately rented and 37.4% 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 44, Gorringe Park Avenue, Mitcham, 17.3% of residents are recorded as possessing school level qualifications and 59.3% 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 44, Gorringe Park Avenue, Mitcham, the average age was 35.3 and the most common age was 32.
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 44, Gorringe Park 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 44, Gorringe Park Avenue, Mitcham, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.