According to the public record, Flat 29, Frensham Court, Mitcham is a mid-century leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Frensham Court, Phipps Bridge Road, Mitcham, CR4.
Phipps Bridge Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 29, Frensham Court, Mitcham has a single entry in the Land Registry database from June 2016 and a single entry in the EPC database dated October 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 29 Frensham Court Mitcham as £191,843 and the rental value as £1,200 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Flat 29 Frensham Court Mitcham has increased by £3,144 (1.6%) and its rental value has increased by £40 per month (3.3%).
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 29, Frensham Court, Mitcham is in very good condition we estimate a sale value of £201,435 and rental value of £1,260 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £178,414 and a rental value of £1,116 per month.
If you were able to purchase this property for the estimated value of £191,843, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £943 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 29, Frensham Court, Mitcham was last sold on 30 Jun 2016 for £150,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2016, the market for similar properties has risen 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 29, Frensham Court, Mitcham within a radius of 480 metres over the last 2 years.
The most recent example is Flat 4, Frensham Court, Phipps Bridge Road, Mitcham, CR4 3PG, a Leasehold flat which sold for £230,000 in Jul 2023.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Phipps Bridge Road, Mitcham, CR4 has a total of 305 addresses. According to our analysis of all the public data, Flat 29, Frensham Court, Mitcham is the 259th largest and the 240th most expensive property on the street.
When compared to the postcode district it is £203k less expensive than the average property in CR4.
Flat 29, Frensham Court, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 31 Oct 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 29, Frensham Court, Mitcham is Morden 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 29, Frensham Court, Mitcham, 45.4% of property is socially rented and 29.6% 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 29, Frensham Court, Mitcham, 31.4% of residents are recorded as possessing school level qualifications and 26.6% 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 29, Frensham Court, Mitcham, the average age was 35.7 and the most common age was 32.
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 29, Frensham Court, 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 29, Frensham Court, 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.