Flat 2, 50
Flat 2, 50
Description & Estimates
According to the public record, Flat 2, 50, Melrose Avenue, Mitcham is an early-century leasehold apartment with 850 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, 50, Melrose Avenue, Mitcham is £237,396 and the estimated rental value is £1,575 per month.
The apartment is within 50, Melrose Avenue, Mitcham, CR4.
Melrose Avenue, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Our Data Sources
Flat 2, 50, Melrose Avenue, Mitcham has a single entry in the Land Registry from June 2021 and a single entry in the EPC database dated May 2021.
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.
Price Range & Condition
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, 50, Melrose Avenue, Mitcham is in very good condition we estimate a sale value of £249,266 and a rental value of £1,654 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £220,778 and a rental value of £1,465 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 2, 50, Melrose Avenue, Mitcham has moved down by £7,499 (3.2%), while its estimated rental value has increased by £47 per month (3.0%). Based on current estimates, the property offers a gross rental yield of 8.0%.
Energy Efficiency
Flat 2, 50, Melrose Avenue, Mitcham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 May 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 2, 50, Melrose Avenue, Mitcham was last sold on 30th June 2021 for £238,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2021, the market for similar properties has dropped by 7.6%.
- Sold Jun 2021£238,000
Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within 420 metres of Flat 2, 50, Melrose Avenue, Mitcham over the last 2 years.
The most recent example is 48, Melrose Avenue, Mitcham, CR4 2EG, a freehold house which sold for £500,000 on the 20th May 2024.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Melrose Avenue, Mitcham, CR4 has a total of 139 addresses. According to our analysis of all the public data, Flat 2, 50, Melrose Avenue, Mitcham is the 115th largest and the 127th most expensive property on the street.
When compared to the postcode district it is £155k less expensive than the average property in CR4.
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
The closest station to Flat 2, 50, Melrose Avenue, Mitcham is Tooting station, which is 800 metres away.
- 800mTooting
- 900mMitcham Eastfields
- 1.1kmStreatham Common
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
