As updated by Your Home Managed in Jul 2023, Flat 1, 34, Park Avenue, Mitcham is a period 117 year lease apartment with 516 ft2 of internal area comprising 2 bedrooms with a garden.
There are 117 years remaining on the lease.
The apartment is in 34, Park Avenue, Mitcham, CR4.
Park Avenue, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Based on both the data supplied by Your Home Managed and the public information available in the area, we estimate the current sale value for Flat 1 34 Park Avenue Mitcham as £361,502 and the rental value as £2,111 per month giving an expected gross yield of 7%.
Your Home Managed described the decorative condition as fair in Jul 2023.
Over the last 12 months the sale value of Flat 1 34 Park Avenue Mitcham has increased by £11,750 (3.3%) and its rental value has increased by £98 per month (4.6%).
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 Flat 1, 34, Park Avenue, Mitcham is in very good condition we estimate a sale value of £379,578 and rental value of £2,217 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £336,197 and a rental value of £1,964 per month.
If you were able to purchase this property for the estimated value of £361,502, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,777 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, 34, Park Avenue, Mitcham was last sold on 06 Oct 2017 for £375,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2017, the market for similar properties has risen 2.2%
According to Your Home Managed , Flat 1, 34, Park Avenue, Mitcham was let once since 2021 with the latest being in Jul 2023 for an undisclosed price.
Since Jul 2023, the market values of similar properties has risen 5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 34, Park Avenue, Mitcham within a radius of 410 metres over the last 2 years.
The most recent example is Flat 11, Imperial Court 225, Streatham Road, Mitcham, CR4 2FF, a Leasehold flat which sold for £390,000 in Oct 2020.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Avenue, Mitcham, CR4 has a total of 153 addresses. According to our analysis of all the public data, Flat 1, 34, Park Avenue, Mitcham is the 140th largest and the 122nd most expensive property on the street.
When compared to the postcode district it is £33k less expensive than the average property in CR4.
Flat 1, 34, Park Avenue, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jan 2016.
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 Flat 1, 34, Park Avenue, Mitcham is Tooting station which is 800 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, 34, Park Avenue, 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, 34, Park Avenue, 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, 34, Park Avenue, 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, 34, Park Avenue, 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, 34, Park Avenue, 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.