According to the public record, Flat 8, Matthew Court, Mitcham is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Matthew Court, Commonside East, Mitcham, CR4.
Commonside East, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 8, Matthew Court, Mitcham has 31 entries in the Land Registry database, most recently in August 2019 and a single entry in the EPC database dated May 2023.
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 Matthew Court Mitcham as £211,221 and the rental value as £1,316 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of Flat 8 Matthew Court Mitcham has increased by £4,852 (2.3%) and its rental value has increased by £47 per month (3.6%).
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 8, Matthew Court, Mitcham is in very good condition we estimate a sale value of £221,782 and rental value of £1,382 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £196,435 and a rental value of £1,224 per month.
If you were able to purchase this property for the estimated value of £211,221, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,038 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, Matthew Court, Mitcham was last sold on 01 Aug 2019 for £215,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2019, the market for similar properties has risen 7.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Matthew Court, Mitcham within a radius of 550 metres over the last 2 years.
The most recent example is Flat 11, Matthew Court, Commonside East, Mitcham, CR4 1HH, a Leasehold flat which sold for £136,000 in Dec 2011.
Read more about house prices in CR4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Commonside East, Mitcham, CR4 has a total of 325 addresses. According to our analysis of all the public data, Flat 8, Matthew Court, Mitcham is the 283rd largest and the 307th most expensive property on the street.
When compared to the postcode district it is £183k less expensive than the average property in CR4.
Flat 8, Matthew Court, Mitcham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 May 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 8, Matthew Court, Mitcham is Mitcham Junction station which is 1.5 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, Matthew Court, Mitcham, 36.7% of property is privately owned with a mortgage and 33.3% 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 8, Matthew Court, Mitcham, 23.8% of residents are recorded as possessing school level qualifications and 37.2% 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 8, Matthew Court, Mitcham, the average age was 36.3 and the most common age was 12.
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, Matthew Court, Mitcham, 0.8% 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, Matthew Court, Mitcham, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.