Cheam House Prices, London
Cheam is an area, located in the borough Sutton.
Cheam House Prices
As of June, 2024, the average house prices in Cheam are as follows:
- studio – £200,000 (-6.98%)
- 1 bedroom flat – £270,000 (-0.55%)
- 2 bedroom flat – £400,000 (1.25%)
- 3 bedroom flat – £575,000 (-1.63%)
- 4 bedroom flat – £775,000 (1.08%)
- 5 bedroom flat – £1,100,000 (-8.4%)
Keep in mind that these are simply the average rates for Cheam house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in Cheam, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Cheam house price is £550,000, low by 0% as of £550,000 in May, 2024.
- Currently, there are 203 houses for sale and an average of 14 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Cheam house prices.
Cheam House Prices Growth
The average house price in Cheam over the last 5 years is as follows:
- 2019-06 – £399,053
- 2020-06 – £413,630 (3.65%)
- 2021-06 – £448,443 (8.42%)
- 2022-06 – £446,307 (-0.48%)
- 2023-06 – £481,005 (7.77%)
- 2024-06 – £495,334 (2.98%)
Sold house prices in Cheam have increased from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 24%. Thanks to this overall increase, many sellers are generating attractive profits.
In addition to checking the average Cheam house prices, it’s also wise to keep an eye on house rent prices in Cheam. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!
Check back to HowToEstate soon for updated prices on renting, buying, and selling property in Cheam.