According to the public record, Flat 1, 2A, Caithness Road, Mitcham is a modern leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 2A, Caithness Road, Mitcham, CR4.
Caithness Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 1, 2A, Caithness Road, Mitcham has 2 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated May 2016.
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 2A Caithness Road Mitcham as £419,422 and the rental value as £2,185 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 1 2A Caithness Road Mitcham has increased by £15,806 (3.8%) and its rental value has increased by £112 per month (5.1%).
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, 2A, Caithness Road, Mitcham is in very good condition we estimate a sale value of £440,393 and rental value of £2,294 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £390,062 and a rental value of £2,032 per month.
If you were able to purchase this property for the estimated value of £419,422, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,061 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, 2A, Caithness Road, Mitcham was last sold on 23 Apr 2021 for £412,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2021, the market for similar properties has risen 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 2A, Caithness Road, Mitcham within a radius of 390 metres over the last 2 years.
The most recent example is Flat 3, Imperial Court 225, Streatham Road, Mitcham, CR4 2FF, a Leasehold flat which sold for £418,000 in Jun 2023.
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 2 lets within a 390 metres radius of Flat 1, 2A, Caithness Road, Mitcham over the last 2 years.
Most recently Flat 1, 34, Park Avenue, Mitcham, CR4 2EL, a Leasehold flat let by Your Home Managed in Jul 2023.
Caithness Road, Mitcham, CR4 has a total of 150 addresses. According to our analysis of all the public data, Flat 1, 2A, Caithness Road, Mitcham is the 121st largest and the 119th most expensive property on the street.
When compared to the postcode district it is £25k more expensive than the average property in CR4.
Flat 1, 2A, Caithness Road, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 May 2016.
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, 2A, Caithness Road, Mitcham is Tooting station which is 900 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, 2A, Caithness Road, Mitcham, 40.5% of property is privately owned with a mortgage and 30.4% 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, 2A, Caithness Road, Mitcham, 16.6% of residents are recorded as possessing school level qualifications and 50.0% 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, 2A, Caithness Road, Mitcham, the average age was 38.1 and the most common age was 27.
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, 2A, Caithness 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 Flat 1, 2A, Caithness Road, Mitcham, 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.