23, MALVERN CLOSE, MITCHAM, CR4 1EH - £452,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

23 MALVERN CLOSE is a very small terraced house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £498,681. It was last sold for £452,500 in October 2020, which was around 28% below the average October 2020 terraced price in the Merton local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

23 MALVERN CLOSE Sold Prices

Land registry data shows three sales for 23 MALVERN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Merton local authority area for the corresponding sale date. All of the three 23 MALVERN CLOSE 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
2020 30 OCT	£452,500	£624,953	28% below HPI
2008 19 MAY	£249,950	£342,199	27% below HPI
2003 25 JUL	£185,000	£234,569	21% below HPI

23 MALVERN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Merton local authority area over time, sourced from the HPI. The three 23 MALVERN CLOSE sales between July 2003 and October 2020 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 May 2008 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2020 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 23 MALVERN CLOSE be worth now?

23 MALVERN CLOSE might now be worth an estimated £498,681.

This is based on house price inflation of 10.2%, between October 2020 and June 2025, for terraced houses, in the Merton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.2% inflationary increase is applied to the most recent sale price for 23 MALVERN CLOSE of £452,500 on 30th October 2020. For the value to have increased from £452,500 to £498,681 over the five years and four months to June 2025, the following assumptions must hold true:

• The value of 23 MALVERN CLOSE has moved in line with the HPI for terraced houses in the Merton local authority area.
• The October 2020 sale price of £452,500 represented a fair market value for the property.
• The size, condition, and specification of 23 MALVERN CLOSE has not materially changed since October 2020.

How Large is 23 MALVERN CLOSE?

23 MALVERN CLOSE is 75m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of terraced houses houses in London, based on EPC data. The below chart shows the distribution of terraced houses houses by size in London, and where 23 MALVERN CLOSE lies on this distribution: 5% of terraced houses houses are smaller than 23 MALVERN CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in London.

23 MALVERN CLOSE: Plot and Title Map

23 MALVERN CLOSE sits on a plot of roughly 0.041 of an acre, or 167m². The below map shows the location of 23 MALVERN CLOSE, 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 23 MALVERN CLOSE). 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 23 MALVERN CLOSE?

23 MALVERN CLOSE is located in MITCHAM, in the CR4 postcode district. The below map shows the position of No. 23 on MALVERN CLOSE.