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House Prices in SM2

The average house price in SM2 (Sutton) is £545,322 using HM Land Registry data.

The average property price increased by £45,683 (24.16%) over the last 5 years and increased by £9,154 (3.69%) over the last 12 months.

Over the last year, there were 333 residential property sales – a decrease of 28 transactions (-8.41%) relative to the previous year. The majority of house sales (138) were in the £240,000 - £414,000 range. Then came properties in the £414,000 - £588,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 241 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-26,645 (-3%).

In March 2025, there were 78 new estate agency instructions, 42 agreed home sales and 36 property price reductions.

5-Year Average Property Prices in SM2 (Sutton)

24.16%

Property prices in SM2 (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 SM2 (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) - March 2025

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
21 Hatfield Close, Sutton, Greater London, SM2 5BH	£550,000	£550,000	£0	01 Oct 2024	12 Feb 2025	134 Days
56 Beresford Road, Cheam, Sutton, Greater London, SM2 6ER	£850,000	£840,000	-£10,000	08 Nov 2024	07 Feb 2025	91 Days
1 Filey Close, Sutton, Greater London, SM2 5JZ	£700,000	£686,000	-£14,000	08 Jul 2024	17 Jan 2025	193 Days
3 Chanctonbury Gardens, Sutton, Greater London, SM2 6RG	£240,000	£226,000	-£14,000	22 May 2024	20 Dec 2024	212 Days
82 The Gallop, Sutton, Greater London, SM2 5SA	£1,200,000	£1,150,000	-£50,000	20 Aug 2024	18 Dec 2024	120 Days
21 California Close, Sutton, Greater London, SM2 6DQ	£300,000	£297,000	-£3,000	09 Jul 2024	06 Dec 2024	150 Days
27 Brandy Way, Sutton, Greater London, SM2 6SE	£425,000	£420,000	-£5,000	05 Mar 2024	29 Nov 2024	269 Days
32 Chiltern Road, Sutton, Greater London, SM2 5RD	£1,250,000	£1,090,000	-£160,000	09 May 2024	21 Nov 2024	196 Days
10 Chalcot Close, Sutton, Greater London, SM2 6SL	£575,000	£575,000	£0	04 Jul 2024	21 Nov 2024	140 Days
Flat 23, Stephenson Court, Station Approach, Cheam, Sutton, Greater London, SM2 7BP	£325,000	£320,000	-£5,000	17 Jun 2024	20 Nov 2024	156 Days
5 Riverhead Drive, Sutton, Greater London, SM2 6EF	£600,000	£590,000	-£10,000	06 Aug 2024	18 Nov 2024	104 Days
80 Upland Road, Sutton, Greater London, SM2 5JB	£1,100,000	£1,035,000	-£65,000	26 Jun 2024	15 Nov 2024	142 Days
58 Westmoreland Drive, Sutton, Greater London, SM2 6AB	£269,950	£260,000	-£9,950	25 Jan 2024	12 Nov 2024	292 Days
99 Northey Avenue, Cheam, Sutton, Greater London, SM2 7HQ	£599,950	£475,000	-£124,950	24 Apr 2012	01 Nov 2024	4574 Days
53 The Ridgway, Sutton, Greater London, SM2 5JX	£950,000	£950,000	£0	24 Jul 2024	21 Oct 2024	89 Days
19 Furzedown Road, Sutton, Greater London, SM2 5QE	£725,000	£720,000	-£5,000	29 Feb 2024	18 Oct 2024	232 Days
56 Basinghall Gardens, Sutton, Greater London, SM2 6AW	£365,000	£365,000	£0	24 Feb 2024	18 Oct 2024	237 Days
35 Glebe Road, Cheam, Sutton, Greater London, SM2 7NS	£1,450,000	£1,446,200	-£3,800	26 Jun 2024	11 Oct 2024	107 Days
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

Most Expensive Streets in SM2 (Sutton)

Postcode	Street	Area	Average	No. of Sales
SM2 7EZ	Golf Side, Cheam	Sutton	£2,800,000	4
SM2 7HA	Golf Side, Cheam	Sutton	£2,633,333	3
SM2 5RS	The Causeway	Sutton	£1,963,500	4
SM2 5QS	The Highway	Sutton	£1,895,000	5
SM2 7EH	Downs Side, Cheam	Sutton	£1,858,333	3
SM2 5QT	The Highway	Sutton	£1,633,312	4
SM2 7DU	Wilbury Avenue, Cheam	Sutton	£1,621,875	4
SM2 7DZ	High View, Cheam	Sutton	£1,613,000	4
SM2 7ES	Sandy Lane, Cheam	Sutton	£1,515,000	3
SM2 7AG	Manor Road, Cheam	Sutton	£1,414,916	3

Least Expensive Streets in SM2 (Sutton)

Postcode	Street	Area	Average	No. of Sales
SM2 5LP	Forest Dene Court, Cedar Road	Sutton	£130,150	20
SM2 6DF	Station Road	Sutton	£153,333	3
SM2 6DH	Patricia Gardens	Sutton	£170,875	8
SM2 6AX	Swift Court, Westmoreland Drive	Sutton	£172,700	5
SM2 6BH	Station Road	Sutton	£189,000	7
SM2 7AZ	Upper Mulgrave Road, Cheam	Sutton	£198,125	8
SM2 5GN	Cavendish Road	Sutton	£198,142	7
SM2 6BQ	Queens Road	Sutton	£204,681	11
SM2 5EY	Cavendish Road	Sutton	£206,750	14
SM2 6AN	Larchvale Court, Westmoreland Drive	Sutton	£210,000	3