According to the public record, Flat 3, 53, Glebe Avenue, Mitcham is a period leasehold apartment with 1,011 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 53, Glebe Avenue, Mitcham, CR4.
Glebe Avenue, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 3, 53, Glebe Avenue, Mitcham has a single entry in the Land Registry database from March 2023 and a single entry in the EPC database dated September 2022.
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 3 53 Glebe Avenue Mitcham as £466,051 and the rental value as £2,417 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 3 53 Glebe Avenue Mitcham has increased by £10,060 (2.2%) and its rental value has increased by £98 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 3, 53, Glebe Avenue, Mitcham is in very good condition we estimate a sale value of £489,353 and rental value of £2,537 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £433,427 and a rental value of £2,247 per month.
If you were able to purchase this property for the estimated value of £466,051, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,290 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 3, 53, Glebe Avenue, Mitcham was last sold on 10 Mar 2023 for £450,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2023, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 380 metres radius of Flat 3, 53, Glebe Avenue, Mitcham over the last 2 years.
The most recent example is Flat 2, 53, Glebe Avenue, Mitcham, CR4 3DZ, a Leasehold flat which sold for £290,000 in Aug 2023.
Read more about house prices in CR4.
Glebe Avenue, Mitcham, CR4 has a total of 60 addresses. According to our analysis of all the public data, Flat 3, 53, Glebe Avenue, Mitcham is the 15th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £71k more expensive than the average property in CR4.
Flat 3, 53, Glebe Avenue, Mitcham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Sep 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 3, 53, Glebe Avenue, Mitcham is Colliers Wood station which is 1.3 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 3, 53, Glebe Avenue, Mitcham, 39.4% of property is privately owned with a mortgage and 28.5% 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 3, 53, Glebe Avenue, Mitcham, 20.8% of residents are recorded as possessing school level qualifications and 42.9% 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 3, 53, Glebe Avenue, 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 3, 53, Glebe Avenue, Mitcham, 0.9% 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 3, 53, Glebe Avenue, Mitcham, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.