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Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2B, Caithness Road, Mitcham is £477,301 and the estimated rental value is £2,499 per month.
The apartment is within 2, Caithness Road, Mitcham, CR4.
Caithness Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
2B, Caithness Road, Mitcham has a single entry in the Land Registry from October 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 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 2B, Caithness Road, Mitcham is in very good condition we estimate a sale value of £501,166 and a rental value of £2,624 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £443,890 and a rental value of £2,324 per month.
Over the last 12 months the sale value of 2B Caithness Road Mitcham has decreased by an estimated £12,050 (2.5%) and its rental value has increased by an estimated £77 per month (3.1%), giving an expected gross yield of 6.3%.
2B, Caithness 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, 2B, Caithness Road, Mitcham was last sold on 9th October 2020 for £550,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since October 2020, the market for similar properties has dropped 9.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2B, Caithness Road, Mitcham within a radius of 390 metres over the last 2 years.
The most recent example is Flat 19, Imperial Court 225, Streatham Road, Mitcham, CR4 2FF, a leasehold flat which sold for £508,000 on the 29th July 2020.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Caithness Road, Mitcham, CR4 has a total of 150 addresses. According to our analysis of all the public data, 2B, Caithness Road, Mitcham is the 75th largest and the 97th most expensive property on the street.
When compared to the postcode district it is £84k more expensive than the average property in CR4.
The nearest school is Beecholme Primary School which is 469 metres away. The nearest train station is Tooting which is 900 metres away.
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