According to the public record, Flat 6, Drive House 337, Mitcham is a mid-century apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Drive House, London Road, Mitcham, CR4.
London Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 6, Drive House 337, Mitcham has no recent1 records in the Land Registry database and a single entry in the EPC database dated November 2023.
We combine this information with public data 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 6 Drive House 337 Mitcham as £270,862 and the rental value as £1,626 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 6 Drive House 337 Mitcham has increased by £1,776 (0.7%) and its rental value has increased by £42 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 6, Drive House 337, Mitcham is in very good condition we estimate a sale value of £284,405 and rental value of £1,707 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £251,902 and a rental value of £1,512 per month.
If you were able to purchase this property for the estimated value of £270,862, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,331 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 6, Drive House 337, Mitcham was last sold on 31 Mar 1998 for £47,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, Drive House 337, Mitcham within a radius of 480 metres over the last 2 years.
The most recent example is 52, Church Road, Mitcham, CR4 3BU, a Leasehold flat which sold for £232,500 in Feb 2022.
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 6, Drive House 337, Mitcham is the 693rd largest and the 381st most expensive property on the street.
When compared to the postcode district it is £124k less expensive than the average property in CR4.
Flat 6, Drive House 337, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Nov 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 6, Drive House 337, 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 6, Drive House 337, 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 6, Drive House 337, 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 6, Drive House 337, 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 6, Drive House 337, 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 6, Drive House 337, 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.