The Close, Mitcham, CR4

Street Guide For The Close, Mitcham, CR4

 

The Close, Mitcham, CR4 Map

Estimated Price: £363,550
Average Asking Price: £346,135
Price change in last one year: £38,168
Average Price Paid: £285,000
Average Rent Rates: £1,499

 

Property Prices Breakdown in The Close, Mitcham, CR4

Average Price for property in The Close, Mitcham, CR4 is around £363,550 which varies based on type of property you are interested in and ranges from £337,282 for semi-detached to around £374,807 for terraced house. Values have been changing and have risen £2,311 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,636 in last 6 months, £38,168 in last 1 year, £65,792 in last 2 years, £72,665 in last 3 years, £73,365 in last 4 years and £72,509 in last 5 years.

Currently average asking price of a property in The Close, Mitcham, CR4 is around £346,135 based on approximately 1 properties for sale. Same is the case with rental options based on 102 properties up for rent, average asking rent is around £1,499 per month.

Estimated property value in The Close, Mitcham, CR4 is £363,550. Average asking price is £346,135 while average price paid is £320,000 which is up by £38,168 and Avg. asking rent £1,499.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in The Close, Mitcham, CR4 area. In last 1 year alone average price buyer paid is around £320,000 based on approximately 1 sales in The Close, Mitcham, CR4 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £285,000. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £285,000 for 2 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £288,333 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £222,500, £330,323 for a 2 bedroom house, £382,107 for a 3 bedroom house, £456,686 for a 4 bedroom house and £606,236 for a 5 bedroom house. For a flat similarly the prices varies from £209,963 for a single bedroom to £266,500 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £302,850 and £385,000 for a 4 bedroom flat. To sum up the asking prices for properties in The Close, Mitcham, CR4 it comes to around average £211,996 for 1 bedroom property, £275,979 for 2 bedroom, £372,111 for 3 bedroom, £454,514 for 4 bedroom and £606,236 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £699 for 1 bedroom to £1,357 for 2 bedrooms, £1,706 for 3 bedrooms, £1,732 for 4 bedrooms and £1,876 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £983. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,224, £1,725 for 3 bedroom and £1,751 for 4 bedroom. You should be generally be expecting around average £930 rent per month for single bedroom property, £1,248 for 2 bedroom, £1,709 for 3 bedroom, £1,734 for 4 bedroom and approximately £1,876 for a 5 bedroom property in The Close, Mitcham, CR4 area.

Popular Houses in The Close, Mitcham, CR4

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Transportation in The Close, Mitcham, CR4

Areas in and around The Close, Mitcham, CR4