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House Prices in SM2

The average house price in SM2 (Sutton) is £518,156 using HM Land Registry data.

The average property price increased by £45,984 (24.16%) over the last 5 years and increased by £9,214 (3.69%) over the last 12 months.

Over the last year, there were 262 residential property sales – a decrease of 132 transactions (-50.38%) relative to the previous year. The majority of house sales (101) were in the £230,000 - £404,000 range. Then came properties in the £404,000 - £578,000 range, where 39 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 93 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-20,839 (-2%).

In Oct 24, there were 64 new estate agency instructions, 46 agreed home sales and 33 property price reductions.

5-Year Average Property Prices in SM2 (Sutton)

24.16%

Property prices in Sutton increased by 24.16% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SM2 (Sutton) Over the Last Year

3.69%

Property prices in Sutton increased by 3.69% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for SM2 (Sutton) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SM2 (Sutton)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SM2 (Sutton)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SM2 (Sutton)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SM2 (Sutton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SM2 postcode area since 1995.

Recent Sales in SM2 (Sutton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
13 Hadleigh Drive, Sutton, Greater London, SM2 5BF	£825,000	£815,000	-£10,000	01 Feb 2024	02 Aug 2024	183 Days
23 Kayemoor Road, Sutton, Greater London, SM2 5HT	£725,000	£655,000	-£70,000	28 May 2024	26 Jul 2024	59 Days
43a, York Road, Cheam, Sutton, Greater London, SM2 6HL	£1,150,000	£1,000,000	-£150,000	10 May 2023	05 Jul 2024	422 Days
28 Downside Road, Sutton, Greater London, SM2 5HP	£795,000	£795,000	£00	09 Feb 2024	28 Jun 2024	140 Days
18 Village Row, Sutton, Greater London, SM2 6JZ	£450,000	£445,000	-£5,000	26 Feb 2024	19 Jun 2024	114 Days
18 Cornwall Road, Cheam, Sutton, Greater London, SM2 6DT	£1,100,000	£1,075,000	-£25,000	01 Nov 2023	12 Jun 2024	224 Days
22 Balmoral Way, Sutton, Greater London, SM2 6PD	£975,000	£950,000	-£25,000	08 Feb 2024	30 May 2024	112 Days
124 Belmont Rise, Cheam, Sutton, Greater London, SM2 6EE	£730,000	£725,000	-£5,000	14 Sep 2023	25 May 2024	254 Days
109d, Brighton Road, Sutton, Greater London, SM2 5SL	£375,000	£365,000	-£10,000	18 Jan 2024	22 May 2024	125 Days
45 Cumnor Road, Sutton, Greater London, SM2 5DW	£750,000	£750,000	£00	23 Feb 2024	22 May 2024	89 Days
83 Chipstead Close, Sutton, Greater London, SM2 6BF	£200,000	£192,500	-£7,500	27 Feb 2024	21 May 2024	84 Days
34 Cotswold Road, Sutton, Greater London, SM2 5NW	£550,000	£528,000	-£22,000	14 Nov 2023	15 May 2024	183 Days
21 The Highway, Sutton, Greater London, SM2 5QT	£1,500,000	£1,460,000	-£40,000	05 Feb 2024	15 May 2024	100 Days
Flat 15, Tranmere Court, Langley Park Road, Sutton, Greater London, SM2 5HE	£350,000	£345,000	-£5,000	09 Jan 2024	13 May 2024	125 Days
74d, Worcester Road, Sutton, Greater London, SM2 6QQ	£475,000	£470,000	-£5,000	22 Jan 2024	07 May 2024	106 Days
17 Filey Close, Sutton, Greater London, SM2 5JZ	£475,000	£475,000	£00	10 Jan 2024	03 May 2024	114 Days
65 Sevenoaks Close, Sutton, Greater London, SM2 6NL	£290,000	£290,000	£00	15 Jan 2024	03 May 2024	109 Days
87 Egmont Road, Sutton, Greater London, SM2 5JS	£850,000	£820,000	-£30,000	07 Aug 2023	03 May 2024	270 Days
47 Chiltern Road, Sutton, Greater London, SM2 5QU	£950,000	£939,000	-£11,000	08 Jan 2024	23 Apr 2024	106 Days
66 Chipstead Close, Sutton, Greater London, SM2 6BF	£280,000	£275,000	-£5,000	28 Feb 2023	19 Apr 2024	416 Days

Most Expensive Streets in SM2 (Sutton)

Postcode	Street	Area	Average	No. of Sales
SM2 7EZ	Golf Side	Sutton	£2,800,000	4
SM2 7HA	Golf Side	Sutton	£2,525,000	4
SM2 5RS	The Causeway	Sutton	£1,963,500	4
SM2 7QA	The Avenue, Cheam	Sutton	£1,903,333	3
SM2 5QS	The Highway	Sutton	£1,886,250	4
SM2 7EH	Downs Side	Sutton	£1,623,750	4
SM2 7DZ	High View, Cheam	Sutton	£1,610,000	4
SM2 7DU	Wilbury Avenue	Sutton	£1,471,500	5
SM2 5QT	The Highway	Sutton	£1,436,650	5
SM2 7EP	Sandy Lane, Cheam	Sutton	£1,398,169	3

Least Expensive Streets in SM2 (Sutton)

Postcode	Street	Area	Average	No. of Sales
SM2 5LP	Forest Dene Court, Cedar Road	Sutton	£130,380	21
SM2 6DF	Station Road	Sutton	£148,250	4
SM2 6AX	Swift Court, Westmoreland Drive	Sutton	£153,666	3
SM2 6DH	Patricia Gardens	Sutton	£171,327	9
SM2 7AZ	Upper Mulgrave Road, Cheam	Sutton	£190,571	7
SM2 5GN	Cavendish Road	Sutton	£192,125	8
SM2 6BQ	Queens Road	Sutton	£198,500	9
SM2 5SJ	Brighton Road	Sutton	£200,000	3
SM2 6BH	Station Road	Sutton	£201,916	6
SM2 6AB	Westmoreland Drive	Sutton	£208,625	4