According to the public record, 261A, London Road, Mitcham is a period apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
London Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
261A, London Road, Mitcham has no records in the Land Registry database and a single entry in the EPC database dated December 2019.
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 261A London Road Mitcham as £298,604 and the rental value as £1,472 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 261A London Road Mitcham has increased by £6,027 (2.0%) and its rental value has increased by £58 per month (4.0%).
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 261A, London Road, Mitcham is in very good condition we estimate a sale value of £313,534 and rental value of £1,545 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £277,702 and a rental value of £1,369 per month.
If you were able to purchase this property for the estimated value of £298,604, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,468 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 261A, London Road, Mitcham within a radius of 380 metres over the last 2 years.
The most recent example is Flat 18, Brook House 1A, Cricket Green, Mitcham, CR4 4LB, a Leasehold flat which sold for £315,600 in Mar 2017.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Mitcham, CR4 has a total of 1051 addresses. According to our analysis of all the public data, 261A, London Road, Mitcham is the 932nd largest and the 236th most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in CR4.
261A, London Road, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Dec 2019.
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 261A, London Road, Mitcham is Mitcham Eastfields 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 261A, London Road, Mitcham, 65.4% of property is privately rented and 19.1% 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 261A, London Road, Mitcham, 23.5% of residents are recorded as possessing school level qualifications and 28.6% 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 261A, London 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 261A, London Road, Mitcham, 0.3% 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 261A, London Road, Mitcham, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.