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Cheam House Prices

The average house price in Cheam is £601,857 using HM Land Registry data.

The average property price increased by £179,985 (35.94%) over the last 5 years and increased by £35,981 (5.58%) over the last 12 months.

Over the last year, there were 280 residential property sales – a decrease of 73 transactions (-26.07%) relative to the previous year. The majority of house sales (95) were in the £482,000 - £634,000 range. Then came properties in the £634,000 - £786,000 range, where 58 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,658 (-2%).

In Oct 24, there were 53 new estate agency instructions, 48 agreed home sales and 36 property price reductions.

5-Year Average Property Prices in Cheam

35.94%

Property prices in Cheam increased by 35.94% 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 Cheam Over the Last Year

5.58%

Property prices in Cheam increased by 5.58% 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 Cheam - 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 Cheam

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 Cheam

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 Cheam

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 Cheam since 1995

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

Recent Property Sales in Cheam

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
4 Chartwell Gardens, Cheam, Sutton, Greater London, SM3 9TQ	£475,000	£475,000	£00	11 Jun 2024	27 Aug 2024	77 Days
458a, London Road, Cheam, Sutton, Greater London, SM3 8JB	£350,000	£317,800	-£32,200	11 Apr 2024	16 Aug 2024	127 Days
27 Matlock Crescent, Cheam, Sutton, Greater London, SM3 9SS	£685,000	£680,000	-£5,000	20 Nov 2023	24 Jun 2024	217 Days
12 Bedford Road, Worcester Park, Greater London, KT4 8LZ	£700,000	£695,000	-£5,000	12 Mar 2024	21 Jun 2024	101 Days
17 Higher Drive, Banstead, Greater London, SM7 1PL	£1,800,000	£1,792,500	-£7,500	14 Feb 2024	14 Jun 2024	121 Days
52 Priory Avenue, Cheam, Sutton, Greater London, SM3 8LX	£625,000	£625,000	£00	15 Jan 2024	03 Jun 2024	140 Days
124 Belmont Rise, Cheam, Sutton, Greater London, SM2 6EE	£730,000	£725,000	-£5,000	14 Sep 2023	25 May 2024	254 Days
Flat 11, Farriers Court, Forge Lane, Cheam, Sutton, Greater London, SM3 8SN	£360,000	£345,000	-£15,000	04 Sep 2023	23 May 2024	262 Days
30 Elm Way, Worcester Park, Greater London, KT4 8LT	£800,000	£785,000	-£15,000	05 Jan 2024	17 May 2024	133 Days
3 Elm Way, Worcester Park, Greater London, KT4 8LT	£675,000	£645,000	-£30,000	26 Dec 2023	17 May 2024	143 Days
3 Henley Avenue, Cheam, Sutton, Greater London, SM3 9SQ	£550,000	£550,000	£00	21 Nov 2023	17 May 2024	178 Days
11 Edwards Close, Worcester Park, Greater London, KT4 8PE	£425,000	£425,000	£00	21 Dec 2023	10 May 2024	141 Days
20 Tonfield Road, Sutton, Greater London, SM3 9JP	£525,000	£500,000	-£25,000	07 Feb 2024	24 Apr 2024	77 Days
64 West Drive, Cheam, Sutton, Surrey, SM2 7NA	£1,175,000	£1,135,000	-£40,000	30 Oct 2023	17 Apr 2024	170 Days
26 Woodstock Rise, Sutton, Greater London, SM3 9JE	£525,000	£520,000	-£5,000	08 Jan 2024	17 Apr 2024	100 Days
2 Grandison Road, Worcester Park, Greater London, KT4 8LU	£650,000	£635,000	-£15,000	05 Jul 2023	16 Apr 2024	286 Days
4 Kingsdown Road, Cheam, Sutton, Greater London, SM3 8NY	£525,000	£525,000	£00	12 Oct 2023	12 Apr 2024	183 Days
13 Wellington Avenue, Worcester Park, Greater London, KT4 8TQ	£600,000	£570,000	-£30,000	26 Dec 2023	08 Apr 2024	104 Days
41 The Avenue, Cheam, Sutton, Greater London, SM2 7QA	£2,250,000	£2,060,000	-£190,000	15 Sep 2023	28 Mar 2024	195 Days
194 Hamilton Avenue, Cheam, Sutton, Greater London, SM3 9DT	£560,000	£545,000	-£15,000	27 Sep 2023	28 Mar 2024	183 Days

Most Expensive Streets in Cheam

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 7QA	The Avenue	Cheam	£1,903,333	3
SM2 7EH	Downs Side	Sutton	£1,623,750	4
SM2 7DZ	High View	Cheam	£1,610,000	4
SM2 7DU	Wilbury Avenue	Sutton	£1,471,500	5
SM7 1PL	Higher Drive	Banstead	£1,412,750	4
SM2 7EP	Sandy Lane	Cheam	£1,398,169	3
SM2 7AG	Manor Road	Cheam	£1,354,937	4
SM7 1PQ	Higher Drive	Banstead	£1,335,833	6

Least Expensive Streets in Cheam

Postcode	Street	Area	Average	No. of Sales
SM3 9AA	London Road	Cheam	£171,666	3
SM2 7AZ	Upper Mulgrave Road	Cheam	£190,571	7
KT4 8RT	Packham Court	Farm Way	£205,750	4
SM3 8BD	The Broadway	Cheam	£238,125	4
KT4 8HD	Cotswold Way	Worcester Park	£246,136	11
KT4 8HE	Cotswold Way	Worcester Park	£247,583	6
SM3 9DF	London Road	Cheam	£247,750	8
KT4 8RS	Packham Court	Lavender Avenue	£256,062	8
SM3 9BN	London Road	Cheam	£258,078	19
SM3 8RJ	Sheldon Court	High Street, Cheam	£271,666	3