According to the public record, 45A, Mitcham Park, Mitcham is a modern leasehold apartment with 1,388 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 45, Mitcham Park, Mitcham, CR4.
Mitcham Park, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
45A, Mitcham Park, Mitcham has 21 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated June 2023.
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 45A Mitcham Park Mitcham as £485,205 and the rental value as £2,764 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 45A Mitcham Park Mitcham has increased by £13,163 (2.7%) and its rental value has increased by £129 per month (4.7%).
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 45A, Mitcham Park, Mitcham is in very good condition we estimate a sale value of £509,465 and rental value of £2,902 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £451,241 and a rental value of £2,570 per month.
If you were able to purchase this property for the estimated value of £485,205, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,385 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, 45A, Mitcham Park, Mitcham was last sold on 30 Jun 2021 for £475,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2021, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 45A, Mitcham Park, Mitcham within a radius of 540 metres over the last 2 years.
The most recent example is 1 Cricketers Cottages, Lower Green West, Mitcham, CR4 3AF, a Leasehold flat which sold for £375,000 in Feb 2016.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mitcham Park, Mitcham, CR4 has a total of 202 addresses. According to our analysis of all the public data, 45A, Mitcham Park, Mitcham is the 30th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £90k more expensive than the average property in CR4.
45A, Mitcham Park, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Jun 2023.
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 45A, Mitcham Park, Mitcham is Mitcham Junction station which is 1.1 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 45A, Mitcham Park, Mitcham, 32.6% of property is privately owned outright and 30.5% 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 45A, Mitcham Park, Mitcham, 14.9% of residents are recorded as possessing school level qualifications and 32.7% 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 45A, Mitcham Park, Mitcham, the average age was 38.9 and the most common age was 37.
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 45A, Mitcham Park, 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 45A, Mitcham Park, 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.