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According to the public record, 1, Pearce Close, Mitcham is a modern apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 1, Pearce Close, Mitcham is £324,114 and the estimated rental value is £1,684 per month.
Pearce Close, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
1, Pearce Close, Mitcham has no recent1 records in the the Land Registry and a single entry in the EPC database dated July 2020.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 1, Pearce Close, Mitcham is in very good condition we estimate a sale value of £340,320 and a rental value of £1,769 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £301,426 and a rental value of £1,567 per month.
Over the last 12 months the sale value of 1 Pearce Close Mitcham has decreased by an estimated £6,875 (2.1%) and its rental value has increased by an estimated £54 per month (3.2%), giving an expected gross yield of 6.2%.
1, Pearce Close, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Jul 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 1, Pearce Close, Mitcham was last sold on 23rd June 1995 for £62,995 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 1, Pearce Close, Mitcham within a radius of 370 metres over the last 2 years.
The most recent example is 20, Kennedy Close, Mitcham, CR4 2AR, a leasehold flat which sold for £290,000 on the 27th October 2021.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pearce Close, Mitcham, CR4 has a total of 27 addresses. According to our analysis of all the public data, 1, Pearce Close, Mitcham is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in CR4.
The nearest school is Gorringe Park Primary School which is 346 metres away. The nearest train station is Mitcham Eastfields which is 300 metres away.
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