According to the public record, 6, Pearce Close, Mitcham is a modern apartment with 442 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Pearce Close, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
6, Pearce Close, Mitcham has no recent1 records in the Land Registry database and a single entry in the EPC database dated November 2009.
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 6 Pearce Close Mitcham as £267,063 and the rental value as £1,384 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 6 Pearce Close Mitcham has increased by £5,564 (2.1%) and its rental value has increased by £55 per month (4.0%).
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 6, Pearce Close, Mitcham is in very good condition we estimate a sale value of £280,416 and rental value of £1,453 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £248,368 and a rental value of £1,287 per month.
If you were able to purchase this property for the estimated value of £267,063, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,313 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, 6, Pearce Close, Mitcham was last sold on 06 Aug 2004 for £132,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Pearce Close, Mitcham within a radius of 370 metres over the last 2 years.
The most recent example is 24, Summerhill Way, Mitcham, CR4 2NJ, a Leasehold flat which sold for £250,000 in Jun 2024.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pearce Close, Mitcham, CR4 has a total of 27 addresses. According to our analysis of all the public data, 6, Pearce Close, Mitcham is the 22nd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in CR4.
6, Pearce Close, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Nov 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 6, Pearce Close, Mitcham is Mitcham Eastfields station which is 300 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 6, Pearce Close, Mitcham, 45.1% of property is privately rented and 29.2% 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 6, Pearce Close, Mitcham, 20.1% of residents are recorded as possessing school level qualifications and 35.8% 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 6, Pearce Close, 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 6, Pearce Close, Mitcham, 0.6% 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 6, Pearce Close, 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.