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According to the public record, Flat 2, 12, Park Avenue, Mitcham is a period leasehold apartment with 968 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 Flat 2, 12, Park Avenue, Mitcham is £478,047 and the estimated rental value is £3,051 per month.
The apartment is within 12, Park Avenue, Mitcham, CR4.
Park Avenue, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 2, 12, Park Avenue, Mitcham has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated October 2022.
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.
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 Flat 2, 12, Park Avenue, Mitcham is in very good condition we estimate a sale value of £501,949 and a rental value of £3,204 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £444,583 and a rental value of £2,838 per month.
Over the last 12 months the sale value of Flat 2 12 Park Avenue Mitcham has decreased by an estimated £15,100 (3.2%) and its rental value has increased by an estimated £91 per month (3.0%), giving an expected gross yield of 7.7%.
Flat 2, 12, Park Avenue, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Oct 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, Flat 2, 12, Park Avenue, Mitcham was last sold on 8th December 2022 for £525,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since December 2022, the market for similar properties has dropped 8.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 12, Park Avenue, Mitcham within a radius of 400 metres over the last 2 years.
The most recent example is Flat 2, 55, Park Avenue, Mitcham, CR4 2ER, a leasehold flat which sold for £460,000 on the 28th July 2023.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Avenue, Mitcham, CR4 has a total of 153 addresses. According to our analysis of all the public data, Flat 2, 12, Park Avenue, Mitcham is the 91st largest and the 64th most expensive property on the street.
When compared to the postcode district it is £86k more expensive than the average property in CR4.
The nearest school is Beecholme Primary School which is 400 metres away. The nearest train station is Tooting which is 800 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.
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