Area Guide For Mitcham

Mitcham is an area in the south west zone of Greater London, in the London Borough of Merton. It is focused 7.2 miles south-west of Charing Cross. A rural zone, Mitcham is found on the outskirt of Inner London and Outer London, and was generally in the province of Surrey. It is both privately and monetarily created and served via prepare, transport and tram courses. Areas inside Mitcham incorporate Mitcham Town Center and Mitcham Common. Luxuries incorporate Mitcham Library and Mitcham Cricket Green. Adjacent areas incorporate Wimbledon, Streatham, Croydon, Tooting, Morden and Sutton.


Mitcham Map

Estimated Price: £306,622
Average Asking Price: £349,570
Price change in last one year: £26,710
Average Price Paid: £229,812
Average Rent Rates: £1,525


Property Prices Breakdown in Mitcham

Average Price for property in Mitcham is around £306,622 which varies based on type of property you are interested in and ranges from £445,021 for detached house to around £361,551 for semi-detached. Similarly terraced house is around £340,914 and a flat is worth £219,629. Values have been changing and have risen £48 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,044 in last 6 months, £26,710 in last 1 year, £55,579 in last 2 years, £69,818 in last 3 years, £68,413 in last 4 years and £69,492 in last 5 years.

Currently average asking price of a property in Mitcham is around £349,570 based on approximately 672 properties for sale. Same is the case with rental options based on 109 properties up for rent, average asking rent is around £1,525 per month.

Estimated property value in Mitcham is £306,622. Average asking price is £349,570 while average price paid is £280,027 which is up by £26,710 and Avg. asking rent £1,525.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Mitcham area. In last 1 year alone average price buyer paid is around £280,027 based on approximately 672 sales in Mitcham area alone. If you compare it to last 3 years sales of 1,750 properties where buyers paid around £242,869. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £229,812 for 2,579 and average amount paid for purchase of approx. 3,457 properties sold in last 7 years comes to about £223,801 per sale.


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £222,500, £318,561 for a 2 bedroom house, £382,077 for a 3 bedroom house, £456,686 for a 4 bedroom house and £606,236 for a 5 bedroom house. For a flat similarly the prices varies from £255,364 for a single bedroom to £279,290 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £302,850 and £385,000 for a 4 bedroom flat. To sum up the asking prices for properties in Mitcham it comes to around average £250,883 for 1 bedroom property, £284,428 for 2 bedroom, £371,994 for 3 bedroom, £454,514 for 4 bedroom and £606,236 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £699 for 1 bedroom to £1,379 for 2 bedrooms, £1,706 for 3 bedrooms, £1,749 for 4 bedrooms and £1,876 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £997. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,276, £2,216 for 3 bedroom and £1,751 for 4 bedroom. You should be generally be expecting around average £950 rent per month for single bedroom property, £1,290 for 2 bedroom, £1,815 for 3 bedroom, £1,749 for 4 bedroom and approximately £1,876 for a 5 bedroom property in Mitcham area.

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Transportation in Mitcham

Browse by Streets in Mitcham