55, VEALS MEAD, MITCHAM, CR4 3SB - £670,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

55 VEALS MEAD is a very small extended detached house of 97m², built sometime between 1983 and 1990. It was last sold for £670,000 in July 2022, which was around 60% below the average July 2022 detached price in the Merton local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

55 VEALS MEAD Sold Prices

Land registry data shows three sales for 55 VEALS MEAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Merton local authority area for the corresponding sale date. All of the three 55 VEALS MEAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 19 JUL	£670,000	£1,665,952	60% below HPI
2020 18 DEC	£520,000	£1,587,033	67% below HPI
1996 16 DEC	£130,000	£242,635	46% below HPI

55 VEALS MEAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Merton local authority area over time, sourced from the HPI. The three 55 VEALS MEAD sales between December 1996 and July 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2020 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the July 2022 sale, where it rises to 60% below the HPI. The line then continues to track at 60% below the HPI.

How Large is 55 VEALS MEAD?

55 VEALS MEAD is 97m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 55 VEALS MEAD lies on this distribution: 18% of detached houses are smaller than 55 VEALS MEAD, and 82% of houses are larger. Note that EPC data is not available for all properties in London.

55 VEALS MEAD: Plot and Title Map

55 VEALS MEAD sits on a plot of roughly 0.058 of an acre, or 237m². The below map shows the location of 55 VEALS MEAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 55 VEALS MEAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 55 VEALS MEAD?

55 VEALS MEAD is located in MITCHAM, in the CR4 postcode district. The below map shows the position of No. 55 on VEALS MEAD.