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Purley House Prices Purley House Prices

The average house price in Purley is £691,785 using HM Land Registry data.

The average property price increased by £91,363 (18.9%) over the last 5 years and increased by £18,260 (3.28%) over the last 12 months.

Over the last year, there were 247 residential property sales – a decrease of 208 transactions (-84.21%) relative to the previous year. The majority of house sales (53) were in the £230,000 - £382,000 range. Then came properties in the £382,000 - £534,000 range, where 51 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 85 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-22,291 (-2%).

In April 2024, there were 57 new estate agency instructions, 37 agreed home sales and 36 property price reductions.

Neighbouring Areas: Kenley, Coulsdon, Sanderstead, South Croydon, Beddington, Carshalton, Croydon

Postcodes Covered: CR2, CR5, CR8

5-Year Average Property Prices in Purley

18.9%

Property prices in Purley increased by 18.9% 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 Purley Over the Last Year

3.28%

Property prices in Purley increased by 3.28% 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 Purley - 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 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 Purley

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 Purley

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 Purley

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 Purley since 1995

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

Recent Property Sales in Purley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Yew Tree Walk, Purley, Greater London, CR8 1HD£1,000,000£990,000-£10,00001 Aug 202322 Feb 2024205 Days
82 Lansdowne Road, Purley, Greater London, CR8 2PB£450,000£440,000-£10,00018 Sep 202318 Jan 2024122 Days
10 Walburton Road, Purley, Greater London, CR8 3DH£995,000£980,000-£15,00008 Sep 202316 Jan 2024130 Days
40 Braemar Avenue, South Croydon, Greater London, CR2 0QA£500,000£500,000£0004 Sep 202318 Dec 2023105 Days
9 Monahan Avenue, Purley, Greater London, CR8 3BB£600,000£575,000-£25,00010 Jul 202307 Dec 2023150 Days
27 Purley Bury Avenue, Purley, Greater London, CR8 1JF£900,000£860,000-£40,00028 Jul 202301 Dec 2023126 Days
11 Chancellor Gardens, South Croydon, Greater London, CR2 6WB£415,000£400,000-£15,00002 Mar 202327 Nov 2023270 Days
1 Gordon Avenue, South Croydon, Greater London, CR2 0QN£575,000£560,000-£15,00012 May 202324 Nov 2023196 Days
76 Lansdowne Road, Purley, Greater London, CR8 2PB£435,000£425,000-£10,00024 Aug 202324 Nov 202392 Days
62 Smitham Downs Road, Purley, Greater London, CR8 4NF£800,000£785,000-£15,00027 Jul 202324 Nov 2023120 Days
74 Mount Park Avenue, South Croydon, Greater London, CR2 6DJ£750,000£730,000-£20,00015 May 202317 Nov 2023186 Days
18 Oakwood Avenue, Purley, Greater London, CR8 1AQ£1,400,000£1,150,000-£250,00017 Aug 201615 Nov 20232646 Days
Flat 153, Rosemont Court, Montpelier Road, Purley, Greater London, CR8 2QG£290,000£283,000-£7,00014 Mar 202308 Nov 2023239 Days
3 Hillthorpe Close, Purley, Greater London, CR8 2JZ£1,050,000£1,050,000£0021 May 202308 Nov 2023171 Days
9 St James Road, Purley, Greater London, CR8 2DL£600,000£570,000-£30,00025 Apr 202308 Nov 2023197 Days
55 Purley Bury Avenue, Purley, Greater London, CR8 1JF£635,000£632,500-£2,50018 May 202302 Nov 2023168 Days
25 Blackford Close, South Croydon, Greater London, CR2 6BT£550,000£500,000-£50,00023 Jan 202327 Oct 2023277 Days
39 Green Lane, Purley, Greater London, CR8 3PQ£900,000£880,000-£20,00024 May 202327 Oct 2023156 Days
56 Kendall Avenue South, South Croydon, Greater London, CR2 0QQ£750,000£712,000-£38,00024 May 202326 Oct 2023155 Days
Flat 19, Dell House, Biddulph Road, South Croydon, Greater London, CR2 6QB£200,000£192,000-£8,00012 Jun 202320 Oct 2023130 Days

Most Expensive Streets in Purley

PostcodeStreetAreaAverageNo. of Sales
CR8 3LJRose WalkPurley£2,606,6663
CR8 3HEUpper Woodcote VillagePurley£1,335,5005
CR8 3PGGreen LanePurley£1,201,6663
CR8 3NGWoodcote Park AvenuePurley£1,150,0003
CR8 2HUWoodland WayPurley£1,149,0004
CR8 3HRFoxley LanePurley£1,121,6005
CR8 3JEPeaks HillPurley£1,120,0003
CR8 3EGFurze LanePurley£1,064,5005
CR8 4LGManor Wood RoadPurley£1,048,3333
CR8 3BAMonahan AvenuePurley£1,014,5717

Least Expensive Streets in Purley

PostcodeStreetAreaAverageNo. of Sales
CR8 4BSWatney ClosePurley£117,6427
CR8 2AXWhytecliffe Road SouthPurley£133,3339
CR8 3ENFoxley LanePurley£156,1119
CR8 1AYPartridge KnollPurley£162,4666
CR2 6FGNetherheys DriveSouth Croydon£173,5938
CR8 4DZFairbairn ClosePurley£198,6427
CR2 0DTBroomhall RoadSouth Croydon£202,9163
CR8 2FQHigh StreetPurley£211,0004
CR2 6QBBiddulph RoadSouth Croydon£213,2506
CR8 4HDBrighton RoadPurley£213,7005

Explore Purley and Neighbouring Area House Prices

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