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House Prices in SM2 House Prices in SM2 (Sutton)

The average house price in SM2 (Sutton) is £577,623 using HM Land Registry data.

The average property price increased by £37,750 (24.16%) over the last 5 years and increased by £7,564 (3.69%) over the last 12 months.

Over the last year, there were 283 residential property sales – a decrease of 106 transactions (-37.46%) relative to the previous year. The majority of house sales (115) were in the £240,000 - £416,000 range. Then came properties in the £416,000 - £592,000 range, where 40 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 123 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-27,088 (-3%).

In Dec 24, there were 31 new estate agency instructions, 27 agreed home sales and 12 property price reductions.

Nearby Postcodes: CR4, CR5, CR8, KT17, KT18, KT19, KT20, KT4, SM1, SM3, SM4, SM5, SM6, SM7

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.

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).

Property Market Heat Gauge for SM2 (Sutton) - Dec 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
80 Upland Road, Sutton, Greater London, SM2 5JB£1,100,000£1,035,000-£65,00026 Jun 202415 Nov 2024142 Days
99 Northey Avenue, Cheam, Sutton, Greater London, SM2 7HQ£599,950£475,000-£124,95024 Apr 201201 Nov 20244574 Days
53 The Ridgway, Sutton, Greater London, SM2 5JX£950,000£950,000£0024 Jul 202421 Oct 202489 Days
19 Furzedown Road, Sutton, Greater London, SM2 5QE£725,000£720,000-£5,00029 Feb 202418 Oct 2024232 Days
56 Basinghall Gardens, Sutton, Greater London, SM2 6AW£365,000£365,000£0024 Feb 202418 Oct 2024237 Days
35 Glebe Road, Cheam, Sutton, Greater London, SM2 7NS£1,450,000£1,446,200-£3,80026 Jun 202411 Oct 2024107 Days
13 Hadleigh Drive, Sutton, Greater London, SM2 5BF£825,000£815,000-£10,00001 Feb 202402 Aug 2024183 Days
23 Kayemoor Road, Sutton, Greater London, SM2 5HT£725,000£655,000-£70,00028 May 202426 Jul 202459 Days
43a, York Road, Cheam, Sutton, Greater London, SM2 6HL£1,150,000£1,000,000-£150,00010 May 202305 Jul 2024422 Days
28 Downside Road, Sutton, Greater London, SM2 5HP£795,000£795,000£0009 Feb 202428 Jun 2024140 Days
18 Village Row, Sutton, Greater London, SM2 6JZ£450,000£445,000-£5,00026 Feb 202419 Jun 2024114 Days
18 Cornwall Road, Cheam, Sutton, Greater London, SM2 6DT£1,100,000£1,075,000-£25,00001 Nov 202312 Jun 2024224 Days
22 Balmoral Way, Sutton, Greater London, SM2 6PD£975,000£950,000-£25,00008 Feb 202430 May 2024112 Days
124 Belmont Rise, Cheam, Sutton, Greater London, SM2 6EE£730,000£725,000-£5,00014 Sep 202325 May 2024254 Days
109d, Brighton Road, Sutton, Greater London, SM2 5SL£375,000£365,000-£10,00018 Jan 202422 May 2024125 Days
45 Cumnor Road, Sutton, Greater London, SM2 5DW£750,000£750,000£0023 Feb 202422 May 202489 Days
83 Chipstead Close, Sutton, Greater London, SM2 6BF£200,000£192,500-£7,50027 Feb 202421 May 202484 Days
34 Cotswold Road, Sutton, Greater London, SM2 5NW£550,000£528,000-£22,00014 Nov 202315 May 2024183 Days
21 The Highway, Sutton, Greater London, SM2 5QT£1,500,000£1,460,000-£40,00005 Feb 202415 May 2024100 Days
Flat 15, Tranmere Court, Langley Park Road, Sutton, Greater London, SM2 5HE£350,000£345,000-£5,00009 Jan 202413 May 2024125 Days

Most Expensive Streets in SM2 (Sutton)

PostcodeStreetAreaAverageNo. of Sales
SM2 7EZGolf SideSutton£2,800,0004
SM2 7HAGolf SideSutton£2,525,0004
SM2 5RSThe CausewaySutton£1,963,5004
SM2 7QAThe Avenue, CheamSutton£1,903,3333
SM2 5QSThe HighwaySutton£1,886,2504
SM2 5QTThe HighwaySutton£1,633,3124
SM2 7DZHigh View, CheamSutton£1,630,0003
SM2 7EHDowns SideSutton£1,623,7504
SM2 7DUWilbury AvenueSutton£1,471,5005
SM2 7AGManor Road, CheamSutton£1,414,9163

Least Expensive Streets in SM2 (Sutton)

PostcodeStreetAreaAverageNo. of Sales
SM2 5LPForest Dene Court, Cedar RoadSutton£130,15020
SM2 6DFStation RoadSutton£148,2504
SM2 6AXSwift Court, Westmoreland DriveSutton£169,0004
SM2 6DHPatricia GardensSutton£170,8758
SM2 6BHStation RoadSutton£179,0004
SM2 7AZUpper Mulgrave Road, CheamSutton£198,1258
SM2 5GNCavendish RoadSutton£198,1427
SM2 6BQQueens RoadSutton£198,5009
SM2 5SJBrighton RoadSutton£200,0003
SM2 6ABWestmoreland DriveSutton£208,6254

Explore SM2 (Sutton) using map

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