According to the public record, 7, Rialto Road, Mitcham is a early-century leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Rialto Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
7, Rialto Road, Mitcham has 3 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated January 2017.
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 7 Rialto Road Mitcham as £275,681 and the rental value as £1,640 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 7 Rialto Road Mitcham has increased by £5,430 (2.0%) and its rental value has increased by £64 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 7, Rialto Road, Mitcham is in very good condition we estimate a sale value of £289,465 and rental value of £1,722 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £256,383 and a rental value of £1,525 per month.
If you were able to purchase this property for the estimated value of £275,681, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,355 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, 7, Rialto Road, Mitcham was last sold on 25 Mar 2021 for £345,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2021, the market for similar properties has risen 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Rialto Road, Mitcham within a radius of 380 metres over the last 2 years.
The most recent example is Flat 7, Elm Lodge 7, Grove Road, Mitcham, CR4 1SL, a Leasehold flat which sold for £250,000 in Sep 2023.
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 380 metres radius of 7, 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, 7, Rialto Road, Mitcham is the 49th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in CR4.
7, Rialto Road, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Jan 2017.
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 7, 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 7, 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 7, 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 7, 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 7, 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 7, 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.