23, VEALS MEAD, MITCHAM, CR4 3SB - £415,000

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 VEALS MEAD is a small terraced house of 103m², built sometime between 1991 and 1995, which could now be worth an estimated £525,739. It was last sold for £415,000 in September 2015, which was around 24% below the average September 2015 terraced price in the Merton local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

23 VEALS MEAD Sold Prices

Land registry data shows five sales for 23 VEALS MEAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Merton local authority area for the corresponding sale date. Most of the five 23 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
2015 11 SEP	£415,000	£543,663	24% below HPI
2011 14 JUN	£228,000	£337,067	32% below HPI
2007 2 MAY	£297,500	£319,523	7% below HPI
2001 22 JUN	£205,000	£177,288	16% above HPI
1998 2 OCT	£132,500	£120,423	10% above HPI

23 VEALS MEAD 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 five 23 VEALS MEAD sales between October 1998 and September 2015 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 June 2011 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the September 2015 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 23 VEALS MEAD be worth now?

23 VEALS MEAD might now be worth an estimated £525,739.

This is based on house price inflation of 26.7%, between September 2015 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 26.7% inflationary increase is applied to the most recent sale price for 23 VEALS MEAD of £415,000 on 11th September 2015. For the value to have increased from £415,000 to £525,739 over the ten years and three months to June 2025, the following assumptions must hold true:

• The value of 23 VEALS MEAD has moved in line with the HPI for terraced houses in the Merton local authority area.
• The September 2015 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 23 VEALS MEAD has not materially changed since September 2015.

How Large is 23 VEALS MEAD?

23 VEALS MEAD is 103m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% 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 VEALS MEAD lies on this distribution: 21% of terraced houses houses are smaller than 23 VEALS MEAD, and 78% of houses are larger. Note that EPC data is not available for all properties in London.

23 VEALS MEAD: Plot and Title Map

23 VEALS MEAD sits on a plot of roughly 0.032 of an acre, or 129m². The below map shows the location of 23 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 23 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 23 VEALS MEAD?

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