According to the public record, 56, Church Road, Mitcham is a modern leasehold apartment with 925 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Church Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
56, Church Road, Mitcham has 21 entries in the Land Registry database, most recently in April 2010 and a single entry in the EPC database dated August 2021.
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 56 Church Road Mitcham as £327,986 and the rental value as £2,032 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 56 Church Road Mitcham has increased by £7,080 (2.2%) and its rental value has increased by £83 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 56, Church Road, Mitcham is in very good condition we estimate a sale value of £344,385 and rental value of £2,134 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,027 and a rental value of £1,890 per month.
If you were able to purchase this property for the estimated value of £327,986, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,612 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, 56, Church Road, Mitcham was last sold on 14 Apr 2010 for £300,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2010, the market for similar properties has risen 79.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Church Road, Mitcham within a radius of 440 metres over the last 2 years.
The most recent example is 32, Chatsworth Place, Mitcham, CR4 4NN, a Leasehold flat which sold for £273,000 in Jul 2022.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Church Road, Mitcham, CR4 has a total of 283 addresses. According to our analysis of all the public data, 56, Church Road, Mitcham is the 37th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £67k less expensive than the average property in CR4.
56, Church Road, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Aug 2021.
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 56, Church Road, Mitcham is Mitcham Eastfields station which is 1.4 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 56, Church Road, Mitcham, 36.1% of property is privately rented and 24.3% is socially 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 56, Church Road, Mitcham, 21.2% of residents are recorded as possessing school level qualifications and 39.7% 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 56, Church Road, Mitcham, the average age was 34.8 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 56, Church Road, Mitcham, 0.3% 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 56, Church 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.