# House prices in CR4 2 (Mitcham Eastfields)

This article reveals price per square metre data and various charts to help you understand current housing market in Mitcham Eastfields, Mitcham (CR4 2).

## Defining 'CR4 2'

This analysis is limited to properties whose postcode starts with "CR4 2", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Mitcham Eastfields.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Mitcham Eastfields is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 117, Caithness Road, Mitcham Eastfields, Mitcham, sold for £550,000 on Jan-2024. Given the internal area of 134 square metres, the price per sqm is £4,104.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,600-£5,000, £5,000-£5,400, £5,400-£5,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 165 sales in Mitcham Eastfields (CR4 2) that took place in the last two years.

##### Distribution of £ per sqm for Mitcham Eastfields, Mitcham
Distribution of £ per sqm house prices in Mitcham Eastfields

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Mitcham Eastfields (CR4 2). Of the 165 transactions, half were sold for between £4,760 and £7,060 per square metre. The median, or 'middle', price per square metre in 'CR4 2' is £5,750. Notably, only 25% of properties that sold recently were valued at more than £7,060 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Mitcham Eastfields, Mitcham

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Mitcham. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Mitcham Eastfields, Mitcham

## Comparison with neighbouring postcode sectors

The table below shows how 'CR4 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR4 4 Mitcham £4,500 sqm £5,230 sqm £5,820 sqm
CR4 1 Mitcham Eastfields £4,320 sqm £5,200 sqm £5,890 sqm
CR4 2 Mitcham Eastfields £4,760 sqm £5,750 sqm £7,060 sqm
CR4 3 Belgrave Walk £4,790 sqm £5,540 sqm £6,320 sqm

## Will Mitcham house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for CR4 2 (Mitcham Eastfields) compared with both the wider area CR4 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Mitcham Eastfields,Mitcham
House price trends for Mitcham Eastfields

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent CR4 2 sales
Recent trends for Mitcham Eastfields

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Mitcham to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Mitcham and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Grenfell Road, Mitcham Eastfields, CR4 2B 52 sqm £7,456 25
Caithness Road, Mitcham Eastfields, CR4 2E 101 sqm £4,971 22
Gorringe Park Avenue, Mitcham Eastfields, CR4 2D 89 sqm £5,327 21
Ashbourne Road, Mitcham Eastfields, CR4 2B 94 sqm £6,146 17
Tynemouth Road, Mitcham Eastfields, CR4 2B 61 sqm £6,642 17
Elmhurst Avenue, Mitcham Eastfields, CR4 2H 82 sqm £5,739 15
Bruce Road, Mitcham Eastfields, CR4 2B 63 sqm £6,785 14
Inglemere Road, Mitcham Eastfields, CR4 2B 63 sqm £5,904 14

## New build activity

Street Avg size Avg £sqm New build sales
Streatham Road, Mitcham Eastfields, CR4 2F 60 sqm £7,088 25

Streatham Road, Mitcham Eastfields, CR4 2F has seen 25 new build sales in the last 4 years (average price £425,534). These new build homes typically have an internal area of 60 sqm, with an average price of £7,088 sqm. This £sqm average is £0 above the average for CR4 2. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Mitcham Eastfields is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.