According to the public record, 4A, Grove Road, Mitcham is a modern leasehold apartment with 881 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 4, Grove Road, Mitcham, CR4.
Grove Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
4A, Grove Road, Mitcham has a single entry in the Land Registry database from June 2010 and a single entry in the EPC database dated October 2009.
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 4A Grove Road Mitcham as £291,331 and the rental value as £1,836 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 4A Grove Road Mitcham has increased by £5,737 (2.0%) and its rental value has increased by £72 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 4A, Grove Road, Mitcham is in very good condition we estimate a sale value of £305,897 and rental value of £1,928 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £270,938 and a rental value of £1,707 per month.
If you were able to purchase this property for the estimated value of £291,331, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,432 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, 4A, Grove Road, Mitcham was last sold on 18 Jun 2010 for £220,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2010, the market for similar properties has risen 79.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4A, Grove Road, Mitcham within a radius of 470 metres over the last 2 years.
The most recent example is Flat 15, Venice House, Aventine Avenue, Mitcham, CR4 1GB, a Leasehold flat which sold for £350,000 in Sep 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 of a property similar to 4A, Grove Road, Mitcham within a radius of 470 metres over the last 2 years.
Most recently Flat 17, Jupiter House, Esquiline Lane, Mitcham, CR4 1GH, a Leasehold flat let by Your Home Managed in Jul 2024.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grove Road, Mitcham, CR4 has a total of 266 addresses. According to our analysis of all the public data, 4A, Grove Road, Mitcham is the 77th largest and the 196th most expensive property on the street.
When compared to the postcode district it is £103k less expensive than the average property in CR4.
4A, Grove Road, Mitcham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Oct 2009.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 4A, Grove Road, Mitcham is Mitcham Eastfields station which is 400 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 4A, Grove Road, Mitcham, 37.4% of property is privately owned with a mortgage and 30.1% is privately 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 4A, Grove Road, Mitcham, 20.1% of residents are recorded as possessing school level qualifications and 47.9% 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 4A, Grove 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 4A, Grove Road, 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 4A, Grove Road, Mitcham, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.