According to the public record, Flat 8, Grove Mill, Mitcham is a modern leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Grove Mill, London Road, Mitcham, CR4.
London Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 8, Grove Mill, Mitcham has 21 entries in the Land Registry database, most recently in January 2018 and a single entry in the EPC database dated July 2024.
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 8 Grove Mill Mitcham as £271,073 and the rental value as £1,600 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 8 Grove Mill Mitcham has increased by £6,613 (2.4%) and its rental value has increased by £71 per month (4.4%).
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 8, Grove Mill, Mitcham is in very good condition we estimate a sale value of £284,627 and rental value of £1,680 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £252,098 and a rental value of £1,488 per month.
If you were able to purchase this property for the estimated value of £271,073, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,332 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 8, Grove Mill, Mitcham was last sold on 22 Jan 2018 for £270,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2018, the market for similar properties has risen 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Grove Mill, Mitcham within a radius of 570 metres over the last 2 years.
The most recent example is Flat 11, Crown Mill, London Road, Mitcham, CR4 4FY, a Leasehold flat which sold for £325,000 in Sep 2023.
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 8, Grove Mill, Mitcham is the 725th largest and the 378th most expensive property on the street.
When compared to the postcode district it is £124k less expensive than the average property in CR4.
Flat 8, Grove Mill, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Jul 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat 8, Grove Mill, Mitcham is Mitcham Junction 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 8, Grove Mill, Mitcham, 36.0% of property is socially rented and 22.8% 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 8, Grove Mill, Mitcham, 22.3% of residents are recorded as possessing school level qualifications and 34.8% 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 8, Grove Mill, 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 8, Grove Mill, 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 8, Grove Mill, Mitcham, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.