According to the public record, 5, Proctor Close, Mitcham is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 831 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Proctor Close, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
5, Proctor Close, Mitcham has 21 entries in the Land Registry database, most recently in February 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 5 Proctor Close Mitcham as £487,781 and the rental value as £2,347 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 5 Proctor Close Mitcham has increased by £7,551 (1.5%) and its rental value has increased by £82 per month (3.5%).
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 5, Proctor Close, Mitcham is in very good condition we estimate a sale value of £512,170 and rental value of £2,464 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £453,637 and a rental value of £2,182 per month.
If you were able to purchase this property for the estimated value of £487,781, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,397 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, 5, Proctor Close, Mitcham was last sold on 01 Feb 2008 for £230,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2008, the market for similar properties has risen 94.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Proctor Close, Mitcham within a radius of 410 metres over the last 2 years.
The most recent example is 13, Pearce Close, Mitcham, CR4 2GP, a Freehold house which sold for £480,000 in Oct 2021.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Proctor Close, Mitcham, CR4 has a total of 18 addresses. According to our analysis of all the public data, 5, Proctor Close, Mitcham is the 7th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £93k more expensive than the average property in CR4.
The closest station to 5, Proctor Close, Mitcham is Mitcham Eastfields station which is 500 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 5, Proctor Close, Mitcham, 41.3% of property is privately rented and 23.9% 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 5, Proctor Close, Mitcham, 16.0% of residents are recorded as possessing school level qualifications and 39.4% 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 5, Proctor Close, 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 5, Proctor Close, 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 5, Proctor Close, 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.