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Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 28, Oak Lodge, Mitcham is £238,414 and the estimated rental value is £1,516 per month.
The apartment is within Oak Lodge, Talbot Close, Mitcham, CR4.
Talbot Close, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 28, Oak Lodge, Mitcham has no records in the the Land Registry and a single entry in the EPC database dated June 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 28, Oak Lodge, Mitcham is in very good condition we estimate a sale value of £250,335 and a rental value of £1,592 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £221,725 and a rental value of £1,410 per month.
Over the last 12 months the sale value of Flat 28 Oak Lodge Mitcham has decreased by an estimated £4,978 (2.1%) and its rental value has increased by an estimated £62 per month (4.1%), giving an expected gross yield of 7.6%.
Flat 28, Oak Lodge, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jun 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, electric.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 28, Oak Lodge, Mitcham within a radius of 660 metres over the last 2 years.
The most recent example is Flat 24, Orchid Lodge, Talbot Close, Mitcham, CR4 1FD, a leasehold flat which sold for £244,000 on the 25th August 2023.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Talbot Close, Mitcham, CR4 has a total of 212 addresses. According to our analysis of all the public data, Flat 28, Oak Lodge, Mitcham is the 189th largest and the 205th most expensive property on the street.
When compared to the postcode district it is £154k less expensive than the average property in CR4.
The nearest school is The Sherwood School which is 200 metres away. The nearest train station is Mitcham Junction which is 1.0 kilometres away.
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