According to the public record, 18A, Heaton Road, Mitcham is a period leasehold apartment with 871 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 18, Heaton Road, Mitcham, CR4.
Heaton Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
18A, Heaton Road, Mitcham has 31 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated November 2020.
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 18A Heaton Road Mitcham as £504,233 and the rental value as £2,571 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 18A Heaton Road Mitcham has increased by £25,320 (5.0%) and its rental value has increased by £147 per month (5.7%).
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 18A, Heaton Road, Mitcham is in very good condition we estimate a sale value of £529,444 and rental value of £2,700 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £468,937 and a rental value of £2,391 per month.
If you were able to purchase this property for the estimated value of £504,233, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,478 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, 18A, Heaton Road, Mitcham was last sold on 25 Jun 2021 for £410,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2021, the market for similar properties has risen 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18A, Heaton Road, Mitcham within a radius of 330 metres over the last 2 years.
The most recent example is 20, Heaton Road, Mitcham, CR4 2BU, a Leasehold flat which sold for £465,000 in Jun 2021.
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 330 metres radius of 18A, Heaton Road, Mitcham over the last 2 years.
Most recently 104, Ashbourne Road, Mitcham, CR4 2BB, a Freehold house let by Your Home Managed in Jul 2023.
Heaton Road, Mitcham, CR4 has a total of 109 addresses. According to our analysis of all the public data, 18A, Heaton Road, Mitcham is the 26th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £110k more expensive than the average property in CR4.
18A, Heaton Road, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Nov 2020.
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 18A, Heaton Road, Mitcham is Tooting station which is 200 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 18A, Heaton Road, Mitcham, 50.3% of property is privately rented and 24.1% is privately owned outright.
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 18A, Heaton Road, Mitcham, 15.8% of residents are recorded as possessing school level qualifications and 46.9% 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 18A, Heaton Road, Mitcham, the average age was 35.3 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 18A, Heaton Road, Mitcham, 1.4% 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 18A, Heaton Road, Mitcham, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.