Feb 07, 2023 by HM

# House prices in Mitcham (CR4 4)

## Defining 'CR4 4'

This analysis is limited to properties whose postcode starts with "CR4 4", 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. 14, Tramway Path, Mitcham, sold for £455,000 on Jan-2024. Given the internal area of 108 square metres, the price per sqm is £4,212.

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. £5,250-£5,500, £5,500-£5,750, £5,750-£6,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 149 sales in Mitcham (CR4 4) that took place in the last two years.

##### Distribution of £ per sqm for Mitcham (CR4 4)
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 4). Of the 149 transactions, half were sold for between £4,530 and £5,810 per square metre. The median, or 'middle', price per square metre in 'CR4 4' is £5,240. Notably, only 25% of properties that sold recently were valued at more than £5,810m2. 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 4' 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 4 (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 4 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Mitcham (CR4 4) 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
Mullards Close, Mitcham, CR4 4F 50m2 £5,268 32
Morden Road, Mitcham, CR4 4D 59m2 £4,882 15
Brookfields Avenue, Mitcham, CR4 4B 76m2 £5,229 15
Mitcham Park, Mitcham, CR4 4E 80m2 £4,725 14
Riverside Drive, Mitcham, CR4 4B 83m2 £5,284 14
York Street, Mitcham, CR4 4J 73m2 £4,832 13
Hatton Gardens, Mitcham, CR4 4L 96m2 £4,611 13
London Road, Mitcham, CR4 4B 70m2 £4,870 11

## New build activity

Street Avg size Avg £/m2 New build sales
Mill Green Road, Mitcham, CR4 4F 57m2 £5,480 72
Peony Drive, Mitcham, CR4 4F 120m2 £4,135 14
Daffodil Close, Mitcham, CR4 4F 121m2 £4,874 9

Mill Green Road, Mitcham, CR4 4F has seen 72 new build sales in the last 4 years (average price £313,734). These new build homes typically have an internal area of 57 m2, with an average price of £5,480 m2. This £sqm average is £240 above the average for CR4 4. 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.