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According to the public record, Flat 2, 55, Park Avenue, Mitcham is a period leasehold apartment with 957 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, 55, Park Avenue, Mitcham is £461,247 and the estimated rental value is £2,448 per month.
The apartment is within 55, Park Avenue, Mitcham, CR4.
Park Avenue, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 2, 55, Park Avenue, Mitcham has a single entry in the Land Registry from July 2023 and a single entry in the EPC database dated January 2023.
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 Flat 2, 55, Park Avenue, Mitcham is in very good condition we estimate a sale value of £484,310 and a rental value of £2,570 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £428,960 and a rental value of £2,276 per month.
Over the last 12 months the sale value of Flat 2 55 Park Avenue Mitcham has decreased by an estimated £14,569 (3.2%) and its rental value has increased by an estimated £73 per month (3.0%), giving an expected gross yield of 6.4%.
Flat 2, 55, Park Avenue, Mitcham has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Jan 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 2, 55, Park Avenue, Mitcham was last sold on 28th July 2023 for £460,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2023, the market for similar properties has dropped 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 55, Park Avenue, Mitcham within a radius of 420 metres over the last 2 years.
The most recent example is 45A , Park Avenue, Mitcham, CR4 2ER, a leasehold flat which sold for £447,000 on the 16th December 2022.
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, 55, Park Avenue, Mitcham is the 94th largest and the 83rd most expensive property on the street.
When compared to the postcode district it is £69k 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 Mitcham Eastfields 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.
