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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 Flat 2, Drummond House 83, Mitcham is £330,099 and the estimated rental value is £2,188 per month.
The apartment is within Drummond House, Miles Road, Mitcham, CR4.
Miles Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 2, Drummond House 83, Mitcham has no records in the the Land Registry and a single entry in the EPC database dated February 2024.
We combine this information with public data 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, Drummond House 83, Mitcham is in very good condition we estimate a sale value of £346,604 and a rental value of £2,297 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £306,992 and a rental value of £2,034 per month.
Over the last 12 months the sale value of Flat 2 Drummond House 83 Mitcham has decreased by an estimated £10,427 (3.2%) and its rental value has increased by an estimated £65 per month (3.0%), giving an expected gross yield of 8%.
Flat 2, Drummond House 83, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Feb 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat 2, Drummond House 83, Mitcham within a radius of 380 metres over the last 2 years.
The most recent example is Unit 17, Boundary Business Court 92-94, Church Road, Mitcham, CR4 3TD, a leasehold flat which sold for £1,000 on the 13th October 2023.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Miles Road, Mitcham, CR4 has a total of 160 addresses. According to our analysis of all the public data, Flat 2, Drummond House 83, Mitcham is the 19th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £62k less expensive than the average property in CR4.
The nearest school is Benedict Academy which is 500 metres away. The nearest train station is Mitcham Eastfields which is 1.3 kilometres away.
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