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Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 6, 2, Sibthorp Road, Mitcham is £195,115 and the estimated rental value is £1,228 per month.
The apartment is within 2, Sibthorp Road, Mitcham, CR4.
Sibthorp Road, Mitcham, CR4 is located in the borough of Merton within the CR4 postal district.
Flat 6, 2, Sibthorp Road, Mitcham has 21 entries in the Land Registry , most recently in March 2016 and a single entry in the EPC database dated August 2020.
We combine this information with that 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 6, 2, Sibthorp Road, Mitcham is in very good condition we estimate a sale value of £204,871 and a rental value of £1,290 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £181,457 and a rental value of £1,142 per month.
Over the last 12 months the sale value of Flat 6 2 Sibthorp Road Mitcham has decreased by an estimated £4,139 (2.1%) and its rental value has increased by an estimated £39 per month (3.2%), giving an expected gross yield of 7.6%.
Flat 6, 2, Sibthorp Road, Mitcham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Aug 2020.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat 6, 2, Sibthorp Road, Mitcham was last sold on 24th March 2016 for £176,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since March 2016, the market for similar properties has risen 45.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 2, Sibthorp Road, Mitcham within a radius of 360 metres over the last 2 years.
The most recent example is Flat A, 242, London Road, Mitcham, CR4 3HD, a leasehold flat which sold for £227,000 on the 5th January 2023.
Read more about house prices in CR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sibthorp Road, Mitcham, CR4 has a total of 21 addresses. According to our analysis of all the public data, Flat 6, 2, Sibthorp Road, Mitcham is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £198k less expensive than the average property in CR4.
The nearest school is St Mark's Primary School which is 164 metres away. The nearest train station is Mitcham Eastfields which is 700 metres away.
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