According to the public record, First Floor Flat, 563, Mitcham Road, Croydon is a period apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 563, Mitcham Road, Croydon, CR0.
Mitcham Road, Croydon, CR0 is located in the borough of Croydon within the CR0 postal district.
First Floor Flat, 563, Mitcham Road, Croydon has no records in the Land Registry database and a single entry in the EPC database dated February 2021.
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 First Floor Flat 563 Mitcham Road Croydon as £221,095 and the rental value as £1,060 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of First Floor Flat 563 Mitcham Road Croydon has increased by £3,736 (1.7%) and its rental value has increased by £28 per month (2.6%).
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 First Floor Flat, 563, Mitcham Road, Croydon is in very good condition we estimate a sale value of £232,149 and rental value of £1,113 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £205,618 and a rental value of £985 per month.
If you were able to purchase this property for the estimated value of £221,095, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,087 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 First Floor Flat, 563, Mitcham Road, Croydon within a radius of 590 metres over the last 2 years.
The most recent example is 293, Franklin Way, Croydon, CR0 4UY, a Leasehold flat which sold for £252,500 in Oct 2023.
Read more about house prices in CR0.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mitcham Road, Croydon, CR0 has a total of 501 addresses. According to our analysis of all the public data, First Floor Flat, 563, Mitcham Road, Croydon is the 452nd largest and the 462nd most expensive property on the street.
When compared to the postcode district it is £153k less expensive than the average property in CR0.
First Floor Flat, 563, Mitcham Road, Croydon has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Feb 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to First Floor Flat, 563, Mitcham Road, Croydon is Mitcham Junction station which is 2.0 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 First Floor Flat, 563, Mitcham Road, Croydon, 31.7% of property is privately rented and 30.8% is privately owned with a mortgage.
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 First Floor Flat, 563, Mitcham Road, Croydon, 28.7% of residents are recorded as possessing school level qualifications and 31.1% 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 First Floor Flat, 563, Mitcham Road, Croydon, the average age was 35.2 and the most common age was 12.
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 First Floor Flat, 563, Mitcham Road, Croydon, 0.6% 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 First Floor Flat, 563, Mitcham Road, Croydon, 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.