According to the public record, 59, St. Marks Road, Mitcham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 511 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 59, St. Marks Road, Mitcham, CR4.
St. Marks Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
59, St. Marks Road, Mitcham has 31 entries in the Land Registry database, most recently in June 2013 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 59 St. Marks Road Mitcham as £235,389 and the rental value as £1,460 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 59 St. Marks Road Mitcham has increased by £4,637 (2.0%) and its rental value has increased by £57 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 59, St. Marks Road, Mitcham is in very good condition we estimate a sale value of £247,158 and rental value of £1,533 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £218,911 and a rental value of £1,358 per month.
If you were able to purchase this property for the estimated value of £235,389, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,157 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, 59, St. Marks Road, Mitcham was last sold on 20 Jun 2013 for £132,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2013, the market for similar properties has risen 61.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, St. Marks Road, Mitcham within a radius of 380 metres over the last 2 years.
The most recent example is Flat 23, Fairgreen Court, London Road, Mitcham, CR4 3NA, a Leasehold flat which sold for £215,000 in Jun 2023.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Marks Road, Mitcham, CR4 has a total of 41 addresses. According to our analysis of all the public data, 59, St. Marks Road, Mitcham is the 40th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £159k less expensive than the average property in CR4.
The closest station to 59, St. Marks 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 59, St. Marks Road, Mitcham, 43.5% of property is socially rented and 21.3% 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 59, St. Marks Road, Mitcham, 27.3% of residents are recorded as possessing school level qualifications and 31.4% 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 59, St. Marks 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 59, St. Marks 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 59, St. Marks Road, Mitcham, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.