According to the public record, 510, London Road, Mitcham is a early-century freehold house with 1,205 ft2 of internal area and sits on a 322 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
London Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
510, London Road, Mitcham has 31 entries in the Land Registry database, most recently in December 2011 and a single entry in the EPC database dated January 2010.
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 510 London Road Mitcham as £576,827 and the rental value as £2,930 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 510 London Road Mitcham has increased by £12,440 (2.2%) and its rental value has increased by £121 per month (4.1%).
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 510, London Road, Mitcham is in very good condition we estimate a sale value of £605,669 and rental value of £3,076 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £536,449 and a rental value of £2,725 per month.
If you were able to purchase this property for the estimated value of £576,827, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,835 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, 510, London Road, Mitcham sits on a plot of 322m2.
We have plot size data on 4 out of 10 other houses in the postcode and 510, London Road, Mitcham sits on the largest plot.
According to HM Land Registry, 510, London Road, Mitcham was last sold on 16 Dec 2011 for £295,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Dec 2011, the market for similar properties has risen 101.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 510, London Road, Mitcham within a radius of 560 metres over the last 2 years.
The most recent example is 3, Riverside Drive, Mitcham, CR4 4BR, a Freehold house which sold for £620,000 in Sep 2022.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Mitcham, CR4 has a total of 1051 addresses. According to our analysis of all the public data, 510, London Road, Mitcham is the 26th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £182k more expensive than the average property in CR4.
510, London Road, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jan 2010.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 510, London Road, Mitcham is Mitcham Junction station which is 1.2 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 510, London Road, Mitcham, 26.8% of property is privately owned with a mortgage and 25.9% 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 510, London Road, Mitcham, 21.7% of residents are recorded as possessing school level qualifications and 33.0% 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 510, London Road, Mitcham, the average age was 38.9 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 510, London Road, Mitcham, 1.2% 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 510, London Road, Mitcham, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.