3, CRANMER ROAD, MITCHAM, CR4 4LD - £425,000

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.

3 CRANMER ROAD is a very small extended terraced house of 68m², built sometime before 1900, which could now be worth an estimated £441,100. It was last sold for £425,000 in June 2022, which was around 34% below the average June 2022 terraced price in the Merton local authority area. The most recent EPC inspection was October 2021, where the current energy rating was E, and the potential energy rating was B.

3 CRANMER ROAD Sold Prices

Land registry data shows three sales for 3 CRANMER ROAD 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 3 CRANMER ROAD 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 15 JUN	£425,000	£643,099	34% below HPI
2021 16 NOV	£285,000	£637,833	55% below HPI
2021 27 SEP	£265,000	£616,554	57% below HPI

3 CRANMER ROAD 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 3 CRANMER ROAD sales between September 2021 and June 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 November 2021 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the June 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 3 CRANMER ROAD be worth now?

3 CRANMER ROAD might now be worth an estimated £441,100.

This is based on house price inflation of 3.8%, between June 2022 and May 2026, 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 3.8% inflationary increase is applied to the most recent sale price for 3 CRANMER ROAD of £425,000 on 15th June 2022. For the value to have increased from £425,000 to £441,100 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 3 CRANMER ROAD has moved in line with the HPI for terraced houses in the Merton local authority area.
• The June 2022 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CRANMER ROAD has not materially changed since June 2022.

How Large is 3 CRANMER ROAD?

3 CRANMER ROAD is 68m², which includes one extension, according to the EPC inspection conducted in October 2021. 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 3 CRANMER ROAD lies on this distribution: 3% of terraced houses houses are smaller than 3 CRANMER ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in London.

3 CRANMER ROAD: Plot and Title Map

3 CRANMER ROAD sits on a plot of roughly 0.022 of an acre, or 89m². The below map shows the location of 3 CRANMER ROAD, 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 3 CRANMER ROAD). 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 3 CRANMER ROAD?

3 CRANMER ROAD is located in MITCHAM, in the CR4 postcode district. The below map shows the position of No. 3 on CRANMER ROAD.