Feb 07, 2023 by HM

# House prices in Mitcham (CR4 3)

This article reveals price per square metre data and various charts to help you understand current housing market in Mitcham (CR4 3).

## Defining 'CR4 3'

This analysis is limited to properties whose postcode starts with "CR4 3", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## 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. Flat 2 Tiptaft House, 93, Miles Road, Mitcham, sold for £255,000 on Jan-2024. Given the internal area of 69 square metres, the price per sqm is £3,695.

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. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 204 sales in Mitcham (CR4 3) that took place in the last two years.

##### Distribution of £ per sqm for Mitcham (CR4 3)
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.

The spread of prices will give you a feel of the typical range to expect in Mitcham (CR4 3). Of the 204 transactions, half were sold for between £4,780 and £6,320 per square metre. The median, or 'middle', price per square metre in 'CR4 3' is £5,530. Notably, only 25% of properties that sold recently were valued at more than £6,320m2. 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

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

## Comparison with neighbouring postcode sectors

The table below shows how 'CR4 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR4 1 Mitcham £4,320m2 £5,170m2 £5,880m2
CR4 2 Mitcham £4,760m2 £5,730m2 £7,050m2
CR4 3 Mitcham £4,780m2 £5,530m2 £6,320m2
CR4 4 Mitcham £4,530m2 £5,240m2 £5,810m2

## 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 3 (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 3 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Mitcham (CR4 3) 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.

## Street level data

Street Avg size Avg £/m2 Recent sales
London Road, Mitcham, CR4 3N 66m2 £4,198 23
Heathfield Drive, Mitcham, CR4 3R 62m2 £5,989 14
De'arn Gardens, Mitcham, CR4 3A 54m2 £4,697 12
Phipps Bridge Road, Mitcham, CR4 3P 61m2 £3,631 12
Crusoe Road, Mitcham, CR4 3L 94m2 £4,882 11
Haslemere Avenue, Mitcham, CR4 3B 78m2 £5,649 11
Church Road, Mitcham, CR4 3B 70m2 £4,950 11
Lewis Road, Mitcham, CR4 3D 78m2 £5,769 10

Search for your street here.

## 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
Flat 2 Tiptaft House, 93, Miles Rd, Mitcham £255,000
Jan-2024
69 3,695
278, Church Rd, Mitcham £585,000
Jan-2024
105 5,571
155, Western Rd, Mitcham £536,000
Jan-2024
105 5,104

#### About

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.