Feb 07, 2023 by HM

House prices in Mitcham (CR4 2)

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

Price per square metre

Knowing the average house price in Mitcham 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. 91, Eastfields Road, Mitcham, sold for £257,000 on Aug-2023. Given the internal area of 54 square metres, the price per sqm is £4,759.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres 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 184 sales in Mitcham (CR4 2) that took place in the last two years.

Distribution of £ per sqm for Mitcham (CR4 2)
Distribution of £ per sqm house prices in Mitcham

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.

That said, the spread of prices will give you a feel of the typical range to expect in Mitcham (CR4 2). Of the 184 transactions, half were sold for between £4,720 and £7,120 per square metre. Notably, only 25% of properties that sold recently were valued at more than £7,120m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CR4 2' is £5,690. The table below shows how 'CR4 2' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR4 3 Mitcham £4,800m2 £5,490m2 £6,300m2
CR4 4 Mitcham £4,560m2 £5,180m2 £5,780m2
CR4 2 Mitcham £4,720m2 £5,690m2 £7,120m2
CR4 1 Mitcham £4,280m2 £5,060m2 £5,720m2

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 scatter plot below for CR4 2 (Mitcham). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CR4 2 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Mitcham (CR4 2) over time
House price trends for Mitcham

Hover on any blue dot to see details of specific sales

Disclaimer: 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. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Mitcham data or any other data I am given.

Price map for Mitcham

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

Property price heatmap for Mitcham
House price heatmap for Mitcham

Street level data

Street Avg size Avg £/m2 Recent sales
Grenfell Road, Mitcham, CR4 2B 52m2 £7,557 26
Caithness Road, Mitcham, CR4 2E 101m2 £4,985 21
Ashbourne Road, Mitcham, CR4 2B 95m2 £6,008 21
Tynemouth Road, Mitcham, CR4 2B 61m2 £6,321 18
Gorringe Park Avenue, Mitcham, CR4 2D 89m2 £5,282 17
Inglemere Road, Mitcham, CR4 2B 63m2 £5,962 15
Heaton Road, Mitcham, CR4 2B 64m2 £6,368 15
Edgehill Road, Mitcham, CR4 2H 93m2 £6,095 15

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Streatham Road, Mitcham, CR4 2F 61m2 £7,063 23
Graveney Mews, Mitcham, CR4 2F 105m2 £6,019 10

Streatham Road, Mitcham, CR4 2F has seen 23 new build sales in the last 4 years (average price £425,475). These new build homes typically have an internal area of 61 m2, with an average price of £7,063 m2. This £sqm average is £1373 above the average for CR4 2. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Mitcham 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.

Address Paid m2 £/m2
91, Eastfields Rd, Mitcham £257,000
54 4,759
148, Ashbourne Rd, Mitcham £635,000
141 4,503
15, Pearce Close, Mitcham £485,000
73 6,643

See the entire list of all sales in Mitcham (CR4 2) here.


HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.