According to the public record, 88, Mullards Close, Mitcham is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Mullards Close, Mitcham, CR4 is located in the borough of Sutton within the CR4 postal district.
88, Mullards Close, Mitcham has 31 entries in the Land Registry database, most recently in July 2007 and a single entry in the EPC database dated July 2018.
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 88 Mullards Close Mitcham as £262,429 and the rental value as £1,532 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 88 Mullards Close Mitcham has increased by £6,730 (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 88, Mullards Close, Mitcham is in very good condition we estimate a sale value of £275,550 and rental value of £1,609 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,059 and a rental value of £1,425 per month.
If you were able to purchase this property for the estimated value of £262,429, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,290 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, 88, Mullards Close, Mitcham was last sold on 13 Jul 2007 for £169,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2007, the market for similar properties has risen 55.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 88, Mullards Close, 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.
Mullards Close, Mitcham, CR4 has a total of 219 addresses. According to our analysis of all the public data, 88, Mullards Close, Mitcham is the 80th largest and the 75th most expensive property on the street.
When compared to the postcode district it is £132k less expensive than the average property in CR4.
88, Mullards Close, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Jul 2018.
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 88, Mullards Close, Mitcham is Hackbridge station which is 700 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 88, Mullards Close, Mitcham, 41.9% of property is privately owned with a mortgage and 21.6% is socially 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 88, Mullards Close, Mitcham, 19.0% of residents are recorded as possessing school level qualifications and 34.4% 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 88, Mullards Close, 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 88, Mullards Close, 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 88, Mullards Close, 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.