8, Melrose Avenue
8, Melrose Avenue
Description & Estimates
8, Melrose Avenue, Mitcham is recorded publicly as an early-century freehold house across 1,097 ft2 of internal area, sitting on a 161 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 8, Melrose Avenue, Mitcham is £519,259 and its rental estimate is £2,720 per month, given the available information and assuming reasonable condition.
Melrose Avenue, Mitcham, CR4 falls within the CR4 postal district, in the borough of Merton.
Our Data Sources
8, Melrose Avenue, Mitcham has a single entry in the Land Registry from October 2023 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.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 8, Melrose Avenue, Mitcham, we estimate a market value of £545,222 and a rental value of £2,856 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £482,911 and £2,530 per month respectively.
Recent Market Change
Over the last year, 8, Melrose Avenue, Mitcham has seen its estimated sale value drop by £20,381 (3.9%) and its estimated rental value rise by £62 per month (2.3%). This results in an estimated gross rental yield of 6.3%.
Plot Size
HM Land Registry records the plot of land for 8, Melrose Avenue, Mitcham as measuring 161 m2.
That makes it the 36th largest plot in the postcode, where 34 of the 35 other houses have recorded plot data.
Energy Efficiency
8, Melrose Avenue, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 May 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 8, Melrose Avenue, Mitcham completed on 20th October 2023 at £485,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 4.6% over the period since October 2023.
- Sold Oct 2023£485,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Melrose Avenue, Mitcham have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th November 2024, was 21, Garden Avenue, Mitcham, CR4 2EE, a freehold house which sold for £555,000.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 139 addresses on Melrose Avenue, Mitcham, CR4, 8, Melrose Avenue, Mitcham comes out as the 73rd largest and the 87th most expensive in our analysis of the public data.
It is also £127k more expensive than the average property across the CR4 district.
More reading links
Schools Nearby
- 300mBeecholme Primary School
- 500mLinks Primary School
- 600mGorringe Park Primary School
- 800mGraveney School
- 1.1kmSt Mark's Church of England Academy
- 2.0kmHarris Academy Merton
More reading links
Public Transport Nearby
From 8, Melrose Avenue, Mitcham, the nearest station is Tooting, 800 metres away.
- 800mTooting
- 900mMitcham Eastfields
- 1.1kmStreatham Common
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
