Property investment stats for Mitcham, Surrey

• Mitcham offers strong rental yields, with an average of 6.1%, which stands out even within London and appeals to yield-focused investors.
• The area’s high proportion of families and private renters (in the 93rd and 80th percentiles respectively) suggests reliable tenant demand for both houses and flats.
• Median asking rents for a 3-bedroom house (£2,375) and a 2-bedroom flat (£1,700) support the case for solid rental income streams.

• Capital growth has been muted, with a 1-year change of -1.9% and annualised growth over three years at 0.3%, so investors should not expect rapid price appreciation.
• Affordability remains a challenge, with a price-to-income ratio of 6.5 and a rent-to-income ratio of 32.7%, which may limit future growth in both prices and rents.
• The local unemployment rate is in the 84th percentile compared to Britain, which could pose a risk to tenant stability in tougher economic times.

Looking ahead, Mitcham’s appeal is likely to remain strongest with investors seeking income rather than rapid capital growth. The rental market here is well supported by the area’s demographic profile, especially families and younger households, and strong yields of 6.1% should underpin returns.

While sales volumes are steady and discounts to asking price are modest at £5,000 (the typical achieved discount), the muted capital growth of -1.9% over the past year suggests limited scope for quick gains. Affordability pressures could also act as a brake on price increases, but the area’s fundamentals point to continued tenant demand.

Overall, Mitcham looks set to deliver stable, income-focused returns for landlords who are comfortable with London’s typical rental dynamics and are less concerned about short-term price movements.