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Cheam House Prices Cheam House Prices

The average house price in Cheam is £590,714 using HM Land Registry data.

The average property price increased by £194,708 (39.98%) over the last 5 years and increased by £38,915 (6.05%) over the last 12 months.

Over the last year, there were 282 residential property sales – a decrease of 70 transactions (-24.82%) relative to the previous year. The majority of house sales (86) were in the £476,000 - £632,000 range. Then came properties in the £632,000 - £788,000 range, where 61 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 54 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-18,658 (-2%).

In April 2024, there were 60 new estate agency instructions, 46 agreed home sales and 36 property price reductions.

Neighbouring Areas: Hackbridge, Morden, Worcester Park, Sutton

Postcodes Covered: KT17, KT4, SM1, SM2, SM3, SM7

5-Year Average Property Prices in Cheam

39.98%

Property prices in Cheam increased by 39.98% 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

6.05%

Property prices in Cheam increased by 6.05% 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 Cheam - April 2024

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
362 Gander Green Lane, Cheam, Sutton, Greater London, SM3 9QZ£500,000£500,000£0027 Oct 202329 Feb 2024125 Days
19 Langley Avenue, Worcester Park, Greater London, KT4 8PB£620,000£610,000-£10,00015 Aug 202331 Jan 2024169 Days
4 Poplar Road, Sutton, Greater London, SM3 9JX£600,000£597,500-£2,50019 Aug 202326 Jan 2024160 Days
59 Church Hill Road, Cheam, Sutton, Greater London, SM3 8LL£650,000£650,000£0003 Jul 202326 Jan 2024207 Days
134 Brocks Drive, Cheam, Sutton, Greater London, SM3 9UT£550,000£540,000-£10,00002 Aug 202312 Jan 2024163 Days
32 Walton Avenue, Cheam, Sutton, Greater London, SM3 9UB£750,000£750,000£0005 Sep 202311 Jan 2024128 Days
7 Park Lane, Cheam, Sutton, Greater London, SM3 8BN£375,000£370,000-£5,00004 Oct 202318 Dec 202375 Days
19 Watson Avenue, Cheam, Sutton, Greater London, SM3 9RE£750,000£745,000-£5,00005 Jul 202318 Dec 2023166 Days
2 Priory Avenue, Cheam, Sutton, Greater London, SM3 8LX£850,000£846,500-£3,50015 Aug 202306 Dec 2023113 Days
15 Huntingdon Gardens, Worcester Park, Greater London, KT4 8TF£375,000£367,500-£7,50026 Dec 202204 Dec 2023343 Days
71 Tonfield Road, Sutton, Greater London, SM3 9JR£750,000£745,000-£5,00012 Jul 202301 Dec 2023142 Days
Flat 11, Nonsuch Court, Ewell Road, Cheam, Sutton, Greater London, SM3 8AW£375,000£375,000£0020 Jul 202327 Nov 2023130 Days
21 Barrington Road, Sutton, Greater London, SM3 9PE£425,000£425,000£0023 Jun 202324 Nov 2023154 Days
35 Higher Drive, Banstead, Greater London, SM7 1PL£1,500,000£1,400,000-£100,00028 Oct 202322 Nov 202325 Days
25 Manor Road, Cheam, Sutton, Greater London, SM2 7AG£1,750,000£1,715,000-£35,00003 May 202317 Nov 2023198 Days
45 Carters Close, Worcester Park, Greater London, KT4 8QF£250,000£210,000-£40,00003 Sep 202010 Nov 20231163 Days
23 Southwood Close, Worcester Park, Greater London, KT4 8QQ£412,000£409,000-£3,00028 Apr 202310 Nov 2023196 Days
518a, London Road, Cheam, Sutton, Greater London, SM3 8HW£350,000£340,000-£10,00011 May 202310 Nov 2023183 Days
1 Wrayfield Road, Cheam, Sutton, Greater London, SM3 9TJ£595,000£578,000-£17,00031 Jul 202310 Nov 2023102 Days
10 Hanover Close, Cheam, Sutton, Greater London, SM3 9SL£500,000£495,000-£5,00019 Jul 202331 Oct 2023104 Days

Most Expensive Streets in Cheam

PostcodeStreetAreaAverageNo. of Sales
SM2 7EZGolf SideSutton£2,800,0004
SM2 7HAGolf SideSutton£2,340,0005
SM2 7EHDowns SideSutton£1,709,0005
SM2 7DZHigh ViewCheam£1,610,0004
SM2 7ESSandy LaneSutton£1,472,6374
SM7 1PLHigher DriveBanstead£1,383,6663
SM7 1PQHigher DriveBanstead£1,343,0005
SM2 7PQSandy LaneSutton£1,333,3333
SM2 7DUWilbury AvenueSutton£1,333,2147
SM2 7EPSandy LaneCheam£1,317,3764

Least Expensive Streets in Cheam

PostcodeStreetAreaAverageNo. of Sales
SM3 9AALondon RoadCheam£171,6663
SM1 2UESt Dunstans HillSutton£182,2003
SM2 7AZUpper Mulgrave RoadCheam£190,5717
KT4 8RTPackham CourtFarm Way£205,7504
KT4 8HECotswold WayWorcester Park£233,0006
SM3 8PUSpringclose LaneSutton£236,6669
KT4 8HDCotswold WayWorcester Park£246,13611
SM3 9DFLondon RoadSutton£250,7779
SM3 9BNLondon RoadCheam£258,44719
SM3 8BDThe BroadwayCheam£264,0628

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