According to the public record, Flat 8, Lime Court 1, Mitcham is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Lime Court, Lewis Road, Mitcham, CR4.
Lewis Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 8, Lime Court 1, Mitcham has 2 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated April 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 8 Lime Court 1 Mitcham as £297,529 and the rental value as £1,669 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 8 Lime Court 1 Mitcham has increased by £6,319 (2.1%) and its rental value has increased by £67 per month (4.0%).
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, Lime Court 1, Mitcham is in very good condition we estimate a sale value of £312,406 and rental value of £1,752 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £276,702 and a rental value of £1,552 per month.
If you were able to purchase this property for the estimated value of £297,529, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,462 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, Lime Court 1, Mitcham was last sold on 15 Dec 2021 for £325,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2021, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Lime Court 1, Mitcham within a radius of 370 metres over the last 2 years.
The most recent example is Flat 46, Lime Court 1, Lewis Road, Mitcham, CR4 3LS, a Leasehold flat which sold for £245,000 in Jul 2022.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lewis Road, Mitcham, CR4 has a total of 120 addresses. According to our analysis of all the public data, Flat 8, Lime Court 1, Mitcham is the 72nd largest and the 74th most expensive property on the street.
When compared to the postcode district it is £97k less expensive than the average property in CR4.
Flat 8, Lime Court 1, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Apr 2019.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 8, Lime Court 1, Mitcham is Colliers Wood station which is 1.1 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, Lime Court 1, Mitcham, 53.6% of property is privately rented and 27.1% 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, Lime Court 1, Mitcham, 18.6% of residents are recorded as possessing school level qualifications and 49.5% 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, Lime Court 1, 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 8, Lime Court 1, 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, Lime Court 1, 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.