According to the public record, Flat 26, 341A, London Road, Mitcham is a modern leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 341A, London Road, Mitcham, CR4.
London Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 26, 341A, London Road, Mitcham has 2 entries in the Land Registry database, most recently in February 2020 and a single entry in the EPC database dated August 2015.
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 26 341A London Road Mitcham as £287,252 and the rental value as £1,757 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 26 341A London Road Mitcham has increased by £1,883 (0.7%) and its rental value has increased by £45 per month (2.6%).
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 26, 341A, London Road, Mitcham is in very good condition we estimate a sale value of £301,615 and rental value of £1,844 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,144 and a rental value of £1,634 per month.
If you were able to purchase this property for the estimated value of £287,252, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,412 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 26, 341A, London Road, Mitcham was last sold on 21 Feb 2020 for £310,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2020, the market for similar properties has risen 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 26, 341A, London Road, Mitcham within a radius of 480 metres over the last 2 years.
The most recent example is Flat 10, 341A, London Road, Mitcham, CR4 4BE, a Leasehold flat which sold for £310,000 in Dec 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 26, 341A, London Road, Mitcham is the 429th largest and the 270th most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in CR4.
Flat 26, 341A, London Road, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Aug 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The closest station to Flat 26, 341A, London Road, Mitcham is Mitcham Junction station which is 1.2 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 26, 341A, London Road, Mitcham, 34.1% of property is privately rented and 33.5% 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 26, 341A, London Road, Mitcham, 25.0% of residents are recorded as possessing school level qualifications and 44.1% 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 26, 341A, London Road, 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 26, 341A, London Road, Mitcham, 2.0% 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 26, 341A, London Road, Mitcham, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.