According to the public record, 5, Spencer Road, Mitcham is a period house with 1,001 ft2 of internal area and sits on a 137 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spencer Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
5, Spencer Road, Mitcham has no records in the Land Registry database and a single entry in the EPC database dated November 2023.
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 5 Spencer Road Mitcham as £459,933 and the rental value as £2,491 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 5 Spencer Road Mitcham has increased by £6,302 (1.4%) and its rental value has increased by £82 per month (3.3%).
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, Spencer Road, Mitcham is in very good condition we estimate a sale value of £482,930 and rental value of £2,616 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £427,738 and a rental value of £2,317 per month.
If you were able to purchase this property for the estimated value of £459,933, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,260 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, 5, Spencer Road, Mitcham sits on a plot of 137m2.
We have plot size data on 19 out of 29 other houses in the postcode and 5, Spencer Road, Mitcham sits on the 9th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Spencer Road, Mitcham within a radius of 500 metres over the last 2 years.
The most recent example is 1, Kings Road, Mitcham, CR4 1SN, a Freehold house which sold for £400,000 in Nov 2023.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 500 metres radius of 5, Spencer Road, Mitcham over the last 2 years.
Most recently Flat 17, Jupiter House, Esquiline Lane, Mitcham, CR4 1GH, a Leasehold flat let by Your Home Managed in Jul 2024.
Spencer Road, Mitcham, CR4 has a total of 84 addresses. According to our analysis of all the public data, 5, Spencer Road, Mitcham is the 26th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £65k more expensive than the average property in CR4.
5, Spencer Road, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Nov 2023.
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 5, Spencer Road, 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, Spencer Road, Mitcham, 37.4% of property is privately owned with a mortgage and 30.1% is privately rented.
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, Spencer Road, Mitcham, 20.1% of residents are recorded as possessing school level qualifications and 47.9% 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 5, Spencer Road, 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, Spencer Road, 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, Spencer Road, 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.