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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, 1B, Ridge Road, Mitcham is a modern leasehold apartment with 1,194 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 1B, Ridge Road, Mitcham is £527,145 and the estimated rental value is £2,804 per month.
The apartment is within 1, Ridge Road, Mitcham, CR4.
Ridge Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
1B, Ridge Road, Mitcham has a single entry in the Land Registry from July 2020 and a single entry in the EPC database dated April 2020.
We combine this information with that 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 1B, Ridge Road, Mitcham is in very good condition we estimate a sale value of £553,502 and a rental value of £2,944 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £490,245 and a rental value of £2,608 per month.
Over the last 12 months the sale value of 1B Ridge Road Mitcham has decreased by an estimated £16,651 (3.2%) and its rental value has increased by an estimated £84 per month (3.0%), giving an expected gross yield of 6.4%.
1B, Ridge Road, Mitcham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Apr 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 1B, Ridge Road, Mitcham was last sold on 17th July 2020 for £580,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2020, the market for similar properties has dropped 9.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1B, Ridge Road, Mitcham within a radius of 390 metres over the last 2 years.
The most recent example is 1A, Ridge Road, Mitcham, CR4 2ET, a leasehold flat which sold for £550,000 on the 22nd June 2020.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ridge Road, Mitcham, CR4 has a total of 26 addresses. According to our analysis of all the public data, 1B, Ridge Road, Mitcham is the 2nd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £135k more expensive than the average property in CR4.
The nearest school is Beecholme Primary School which is 500 metres away. The nearest train station is Tooting which is 900 metres away.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
