According to the public record, 55, Rialto Road, Mitcham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 678 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Rialto Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
55, Rialto Road, Mitcham has 31 entries in the Land Registry database, most recently in September 2022 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 55 Rialto Road Mitcham as £314,642 and the rental value as £1,854 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 55 Rialto Road Mitcham has increased by £6,197 (2.0%) and its rental value has increased by £72 per month (3.9%).
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 55, Rialto Road, Mitcham is in very good condition we estimate a sale value of £330,374 and rental value of £1,947 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £292,617 and a rental value of £1,724 per month.
If you were able to purchase this property for the estimated value of £314,642, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,546 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, 55, Rialto Road, Mitcham was last sold on 30 Sep 2022 for £344,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2022, the market for similar properties has dropped 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Rialto Road, Mitcham within a radius of 400 metres over the last 2 years.
The most recent example is 39, Rialto Road, Mitcham, CR4 2LT, a Leasehold flat which sold for £260,000 in Aug 2021.
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 400 metres radius of 55, Rialto Road, Mitcham over the last 2 years.
Most recently 57, Grove Road, Mitcham, CR4 1SL, a Freehold house let by Your Home Managed in Jun 2024.
Rialto Road, Mitcham, CR4 has a total of 52 addresses. According to our analysis of all the public data, 55, Rialto Road, Mitcham is the 41st largest and the 39th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in CR4.
The closest station to 55, Rialto Road, Mitcham is Mitcham Eastfields station which is 100 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 55, Rialto Road, Mitcham, 40.4% of property is privately rented and 38.2% 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 55, Rialto Road, Mitcham, 26.4% of residents are recorded as possessing school level qualifications and 39.3% 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 55, Rialto 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 55, Rialto Road, Mitcham, 1.0% 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 55, Rialto 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.