House prices in CR4 4 (Mitcham)

This article reveals price per square metre data and various charts to help you understand current housing market in 'CR4 4' (Mitcham) - statistics were last calculated on 30 June 2024.

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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. There are no official names for postcode sectors so I've just labelled it Mitcham.

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.

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Change sector

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

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. 23, Mullards Close, Mitcham, sold for £225,000 on May-2024. Given the internal area of 39 square metres, the price per sqm is £5,769.

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. £4,700-£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 147 sales in Mitcham (CR4 4) that took place in the last two years.

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 147 transactions, half were sold for between £4,550 and £5,820 per square metre. The median, or 'middle', price per square metre in 'CR4 4' is £5,180. Notably, only 25% of properties that sold recently were valued at more than £5,820 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

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 Eastfields	£4,330 sqm	£5,200 sqm	£5,900 sqm
CR4 4 Mitcham	£4,550 sqm	£5,180 sqm	£5,820 sqm
CR4 2 Mitcham Eastfields	£4,760 sqm	£5,730 sqm	£7,050 sqm
CR4 3 Belgrave Walk	£4,830 sqm	£5,560 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 4 (Mitcham) 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.

Download time series data as CSV (paying users only).

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.

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
Mullards Close, Mitcham, CR4 4F	50 sqm	£5,265	35
Mitcham Park, Mitcham, CR4 4E	82 sqm	£4,844	18
Morden Road, Mitcham, CR4 4D	59 sqm	£4,882	15
York Street, Mitcham, CR4 4J	73 sqm	£4,850	15
Riverside Drive, Mitcham, CR4 4B	83 sqm	£5,284	14
Brookfields Avenue, Mitcham, CR4 4B	76 sqm	£5,318	14
New Road, Mitcham, CR4 4J	63 sqm	£5,460	13
Hatton Gardens, Mitcham, CR4 4L	96 sqm	£4,611	13

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Mill Green Road, Mitcham, CR4 4F	57 sqm	£5,517	28
Peony Drive, Mitcham, CR4 4F	127 sqm	£4,164	21
Daffodil Close, Mitcham, CR4 4F	121 sqm	£4,881	9

Mill Green Road, Mitcham, CR4 4F has seen 28 new build sales in the last 4 years (average price £307,222). These new build homes typically have an internal area of 57 sqm, with an average price of £5,517 sqm. This £sqm average is £337 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.

Address	Paid	sqm	£/sqm
23, Mullards Close, Mitcham	£225,000 May-2024	39	5,769
2a, New Rd, Mitcham	£430,000 Apr-2024	70	6,142
26, Spencer Rd, Mitcham	£490,000 Mar-2024	92	5,326

See the entire list of all sales in Mitcham (CR4 4) here.