According to the public record, Flat 14, Grove Mill, Mitcham is a modern leasehold apartment with 346 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Grove Mill, London Road, Mitcham, CR4.
London Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 14, Grove Mill, Mitcham has 2 entries in the Land Registry database, most recently in August 2015 and a single entry in the EPC database dated October 2011.
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 14 Grove Mill Mitcham as £201,972 and the rental value as £1,174 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 14 Grove Mill Mitcham has increased by £4,927 (2.4%) and its rental value has increased by £52 per month (4.4%).
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 14, Grove Mill, Mitcham is in very good condition we estimate a sale value of £212,071 and rental value of £1,233 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £187,834 and a rental value of £1,092 per month.
If you were able to purchase this property for the estimated value of £201,972, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £993 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 14, Grove Mill, Mitcham was last sold on 21 Aug 2015 for £300,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2015, the market for similar properties has risen 14.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 14, Grove Mill, Mitcham within a radius of 570 metres over the last 2 years.
The most recent example is Flat 10, Amber Court 27, Morden Road, Mitcham, CR4 4DR, a Leasehold flat which sold for £196,000 in Jul 2020.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Mitcham, CR4 has a total of 1051 addresses. According to our analysis of all the public data, Flat 14, Grove Mill, Mitcham is the 995th largest and the 984th most expensive property on the street.
When compared to the postcode district it is £193k less expensive than the average property in CR4.
Flat 14, Grove Mill, Mitcham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Oct 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat 14, Grove Mill, Mitcham is Mitcham Junction station which is 1.0 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 Flat 14, Grove Mill, Mitcham, 36.0% of property is socially rented and 22.8% 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 Flat 14, Grove Mill, Mitcham, 22.3% of residents are recorded as possessing school level qualifications and 34.8% 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 14, Grove Mill, Mitcham, the average age was 38.9 and the most common age was 37.
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 14, Grove Mill, Mitcham, 0.0% 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 14, Grove Mill, 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.