According to the public record, Flat 4, Cranleigh Court, Mitcham is a mid-century leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Cranleigh Court, Phipps Bridge Road, Mitcham, CR4.
Phipps Bridge Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 4, Cranleigh Court, Mitcham has 2 entries in the Land Registry database, most recently in March 2020 and a single entry in the EPC database dated March 2019.
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 4 Cranleigh Court Mitcham as £225,934 and the rental value as £1,436 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of Flat 4 Cranleigh Court Mitcham has increased by £3,384 (1.5%) and its rental value has increased by £45 per month (3.2%).
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 4, Cranleigh Court, Mitcham is in very good condition we estimate a sale value of £237,231 and rental value of £1,508 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £210,119 and a rental value of £1,336 per month.
If you were able to purchase this property for the estimated value of £225,934, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,110 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 4, Cranleigh Court, Mitcham was last sold on 12 Mar 2020 for £250,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2020, the market for similar properties has risen 5.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Cranleigh Court, Mitcham within a radius of 510 metres over the last 2 years.
The most recent example is Flat 19, Cranleigh Court, Phipps Bridge Road, Mitcham, CR4 3PB, a Leasehold flat which sold for £212,500 in Apr 2024.
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 4, Cranleigh Court, Mitcham is the 189th largest and the 187th most expensive property on the street.
When compared to the postcode district it is £169k less expensive than the average property in CR4.
Flat 4, Cranleigh Court, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Mar 2019.
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 4, Cranleigh Court, Mitcham is Morden station which is 900 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 4, Cranleigh Court, Mitcham, 52.9% of property is socially rented and 16.7% 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 4, Cranleigh Court, Mitcham, 28.3% of residents are recorded as possessing school level qualifications and 32.2% 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 4, Cranleigh 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 4, Cranleigh 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 4, Cranleigh Court, Mitcham, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.