According to the public record, 81, Wide Way, Mitcham is a early-century apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Wide Way, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
81, Wide Way, Mitcham has no records in the Land Registry database and a single entry in the EPC database dated January 2015.
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 81 Wide Way Mitcham as £261,837 and the rental value as £1,618 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 81 Wide Way Mitcham has increased by £5,374 (2.1%) and its rental value has increased by £54 per month (3.4%).
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 81, Wide Way, Mitcham is in very good condition we estimate a sale value of £274,929 and rental value of £1,699 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £243,508 and a rental value of £1,505 per month.
If you were able to purchase this property for the estimated value of £261,837, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,287 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 81, Wide Way, Mitcham within a radius of 450 metres over the last 2 years.
The most recent example is 151, Wide Way, Mitcham, CR4 1BQ, a Leasehold flat which sold for £300,000 in Nov 2022.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wide Way, Mitcham, CR4 has a total of 126 addresses. According to our analysis of all the public data, 81, Wide Way, Mitcham is the 85th largest and the 101st most expensive property on the street.
When compared to the postcode district it is £133k less expensive than the average property in CR4.
81, Wide Way, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jan 2015.
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 81, Wide Way, Mitcham is Norbury 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 81, Wide Way, Mitcham, 38.0% of property is privately rented and 30.0% 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 81, Wide Way, Mitcham, 23.2% of residents are recorded as possessing school level qualifications and 31.3% 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 81, Wide Way, Mitcham, the average age was 36.3 and the most common age was 12.
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 81, Wide Way, 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 81, Wide Way, Mitcham, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.