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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 124, Grove Road, Mitcham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 641 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 124, Grove Road, Mitcham is £316,010 and the estimated rental value is £1,763 per month.
Grove Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
124, Grove Road, Mitcham has 41 entries in the Land Registry , most recently in March 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 124, Grove Road, Mitcham is in very good condition we estimate a sale value of £331,811 and a rental value of £1,851 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,889 and a rental value of £1,640 per month.
Over the last 12 months the sale value of 124 Grove Road Mitcham has decreased by an estimated £8,174 (2.6%) and its rental value has increased by an estimated £61 per month (3.5%), giving an expected gross yield of 6.7%.
According to HM Land Registry, 124, Grove Road, Mitcham was last sold on 15th March 2007 for £174,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since March 2007, the market for similar properties has risen 70.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 124, Grove Road, Mitcham within a radius of 410 metres over the last 2 years.
The most recent example is 35, Rialto Road, Mitcham, CR4 2LT, a leasehold flat which sold for £339,000 on the 30th September 2022.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grove Road, Mitcham, CR4 has a total of 267 addresses. According to our analysis of all the public data, 124, Grove Road, Mitcham is the 200th largest and the 192nd most expensive property on the street.
When compared to the postcode district it is £76k less expensive than the average property in CR4.
The nearest school is St Mark's Church of England Academy which is 100 metres away. The nearest train station is Mitcham Eastfields which is 200 metres away.
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