According to the public record, 68, New Road, Mitcham is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
New Road, Mitcham, CR4 is located in the borough of Sutton within the CR4 postal district.
68, New Road, Mitcham has 51 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated July 2012.
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 68 New Road Mitcham as £263,562 and the rental value as £1,537 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 68 New Road Mitcham has increased by £6,759 (2.6%) and its rental value has increased by £73 per month (4.8%).
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 68, New Road, Mitcham is in very good condition we estimate a sale value of £276,740 and rental value of £1,614 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £245,113 and a rental value of £1,430 per month.
If you were able to purchase this property for the estimated value of £263,562, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,295 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, 68, New Road, Mitcham was last sold on 17 Nov 2021 for £250,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Nov 2021, the market for similar properties has risen 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 68, New Road, Mitcham within a radius of 400 metres over the last 2 years.
The most recent example is 137, Mullards Close, Mitcham, CR4 4FD, a Leasehold flat which sold for £283,000 in Jul 2023.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Road, Mitcham, CR4 has a total of 118 addresses. According to our analysis of all the public data, 68, New Road, Mitcham is the 72nd largest and the 71st most expensive property on the street.
When compared to the postcode district it is £131k less expensive than the average property in CR4.
68, New Road, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Jul 2012.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 68, New Road, Mitcham is Hackbridge station which is 800 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 68, New Road, Mitcham, 50.7% of property is privately owned with a mortgage and 27.8% 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 68, New Road, Mitcham, 18.8% of residents are recorded as possessing school level qualifications and 37.8% 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 68, New Road, Mitcham, the average age was 35.5 and the most common age was 32.
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 68, New 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 68, New Road, Mitcham, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.