According to the public record, Flat 1, 41, Gorringe Park Avenue, Mitcham is a period apartment with 871 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 41, Gorringe Park Avenue, Mitcham, CR4.
Gorringe Park Avenue, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 1, 41, Gorringe Park Avenue, Mitcham has no records in the Land Registry database and a single entry in the EPC database dated April 2022.
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 Flat 1 41 Gorringe Park Avenue Mitcham as £410,725 and the rental value as £2,355 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 1 41 Gorringe Park Avenue Mitcham has increased by £15,566 (3.8%) and its rental value has increased by £120 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, 41, Gorringe Park Avenue, Mitcham is in very good condition we estimate a sale value of £431,261 and rental value of £2,473 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £381,974 and a rental value of £2,190 per month.
If you were able to purchase this property for the estimated value of £410,725, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,019 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 Flat 1, 41, Gorringe Park Avenue, Mitcham within a radius of 370 metres over the last 2 years.
The most recent example is 10, Carlingford Gardens, Mitcham, CR4 2AT, a Leasehold flat which sold for £402,500 in Nov 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 1 let within a 370 metres radius of Flat 1, 41, Gorringe Park Avenue, Mitcham over the last 2 years.
Most recently 104, Ashbourne Road, Mitcham, CR4 2BB, a Freehold house let by Your Home Managed in Jul 2023.
Gorringe Park Avenue, Mitcham, CR4 has a total of 170 addresses. According to our analysis of all the public data, Flat 1, 41, Gorringe Park Avenue, Mitcham is the 110th largest and the 131st most expensive property on the street.
When compared to the postcode district it is £16k more expensive than the average property in CR4.
Flat 1, 41, Gorringe Park Avenue, Mitcham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Apr 2022.
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, 41, Gorringe Park Avenue, Mitcham is Tooting station which is 300 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, 41, Gorringe Park Avenue, Mitcham, 34.3% of property is privately rented and 32.1% is privately owned outright.
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, 41, Gorringe Park Avenue, Mitcham, 16.2% of residents are recorded as possessing school level qualifications and 33.3% 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, 41, Gorringe 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, 41, Gorringe Park Avenue, Mitcham, 0.5% 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, 41, Gorringe Park Avenue, 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.