According to the public record, Flat 1, 223, Mitcham Lane, London is a modern leasehold apartment with 936 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 223, Mitcham Lane, London, SW16.
Mitcham Lane, London, SW16 is located in the borough of Wandsworth within the SW16 postal district.
Flat 1, 223, Mitcham Lane, London has a single entry in the Land Registry database from January 2023 and a single entry in the EPC database dated November 2015.
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 Flat 1 223 Mitcham Lane London as £603,044 and the rental value as £2,664 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 1 223 Mitcham Lane London has increased by £24,611 (4.1%) and its rental value has increased by £138 per month (5.2%).
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 Flat 1, 223, Mitcham Lane, London is in very good condition we estimate a sale value of £633,196 and rental value of £2,797 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £560,831 and a rental value of £2,477 per month.
If you were able to purchase this property for the estimated value of £603,044, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,964 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, Flat 1, 223, Mitcham Lane, London was last sold on 27 Jan 2023 for £575,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2023, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 223, Mitcham Lane, London within a radius of 340 metres over the last 2 years.
The most recent example is 53, Welham Road, London, SW16 6QH, a Leasehold flat which sold for £465,000 in Aug 2023.
Read more about house prices in SW16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mitcham Lane, London, SW16 has a total of 534 addresses. According to our analysis of all the public data, Flat 1, 223, Mitcham Lane, London is the 165th largest and the 100th most expensive property on the street.
When compared to the postcode district it is £56k more expensive than the average property in SW16.
Flat 1, 223, Mitcham Lane, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Nov 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 1, 223, Mitcham Lane, London is Streatham Common station which is 700 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 Flat 1, 223, Mitcham Lane, London, 38.9% of property is privately owned with a mortgage and 36.1% 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 Flat 1, 223, Mitcham Lane, London, 17.4% of residents are recorded as possessing school level qualifications and 58.7% 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 Flat 1, 223, Mitcham Lane, London, the average age was 36.1 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 Flat 1, 223, Mitcham Lane, London, 1.1% 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 Flat 1, 223, Mitcham Lane, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.