According to the public record, Flat 2, 203, London Road, Mitcham is a modern leasehold apartment with 1,001 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 203, London Road, Mitcham, CR4.
London Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 2, 203, London Road, Mitcham has a single entry in the Land Registry database from January 2013 and a single entry in the EPC database dated July 2023.
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 2 203 London Road Mitcham as £388,925 and the rental value as £2,048 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 2 203 London Road Mitcham has increased by £8,358 (2.1%) and its rental value has increased by £84 per month (4.1%).
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 2, 203, London Road, Mitcham is in very good condition we estimate a sale value of £408,371 and rental value of £2,151 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £361,700 and a rental value of £1,905 per month.
If you were able to purchase this property for the estimated value of £388,925, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,911 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 2, 203, London Road, Mitcham was last sold on 18 Jan 2013 for £249,900 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2013, the market for similar properties has risen 72.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 203, London Road, Mitcham within a radius of 350 metres over the last 2 years.
The most recent example is 12A, Upper Green East, Mitcham, CR4 2PA, a Leasehold flat which sold for £400,000 in Jan 2019.
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 2, 203, London Road, Mitcham is the 62nd largest and the 117th most expensive property on the street.
When compared to the postcode district it is £6k less expensive than the average property in CR4.
Flat 2, 203, London Road, Mitcham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Jul 2023.
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 2, 203, London Road, Mitcham is Mitcham Eastfields 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 2, 203, London Road, Mitcham, 61.5% of property is socially rented and 19.7% 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 2, 203, London Road, Mitcham, 35.4% of residents are recorded as possessing school level qualifications and 25.1% 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 2, 203, London Road, Mitcham, the average age was 34.8 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 2, 203, London 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 2, 203, London Road, Mitcham, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.