House prices in 'KT19 0', Epsom

This article reveals price per square metre data and various charts to help you understand current housing market in 'KT19 0' (Epsom) - statistics were last calculated on 03 December 2024.

Defining 'KT19 0'

This analysis is limited to properties whose postcode starts with "KT19 0", this is also called the postcode sector. There are no official postcode sector names so I've just labelled it KT19 0, Epsom. It is shown in red on the map below.

Want to change geography?

You can click on the map above to change to a neighbouring sector, or you can use the search form below.

Price per square metre

Knowing the average house price in KT19 0 is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

For example in October 2024, 1b, Court Farm Avenue, Epsom, KT19 0HD sold for £755,000. Given the internal area of 146 square metres recorded on the EPC, the price per sqm is £755,000 ÷ 146 sqm = £5,171.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-). It is a huge pain to code the automatic conversion for square meters to square feet for all the graphs and charts on KT19 0 and elsewhere. All the conditionals turn my tidy code for into spaghetti. I will get around to it at some point, but for now you can just divide everything by 10 in your head, move a decimal place and you'll be close enough. If you want to be more precise 1 sqm = 10.76391 sqft.

Distribution of £ per sqm for 'KT19 0' vs 'KT19'

The chart above is called a histogram, it helps you see the distribution of house price per sqm in KT19 0 To make this chart we put all the sales data into a series of £ per sqm 'buckets' (e.g. £6,250 to £6,500, £6,500 to £6,750, £6,750 to £7,000 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 180 sales that took place in KT19 0, Epsom in the last 24 months.

Generate a custom histogram like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in KT19 0, Epsom. Notably, only 25% of properties that sold recently were valued at more than £6,910 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of KT19 0 homes.

Box plot of £ per sqm for KT19 0

Tip: click on the chart to see the values.

The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square metre property price distributions, box plots represent the variation in property prices within a geographic area e.g. Epsom. The chart above shows a boxplot for 'KT19 0' as well as the 'KT19' postcode district.

  • Median: The horizontal line inside the box represents the median (£ per square meter). This is the midpoint of the data, meaning 50% of the prices are below this value, and 50% are above. The middle price per square metre in 'KT19 0' is £6,080.
  • Interquartile Range (IQR): The box spans from the 25th percentile (Q1) to the 75th percentile (Q3). This is the range where the middle 50% of the data lies, giving a good indication of the typical price spread. Of the 180 transactions in KT19 0, Epsom half were sold for between £5,440 and £6,910 per square metre.
  • Whiskers: In our case, the whiskers extend from the 9th percentile (at the lower end) to the 91st percentile (at the upper end), This provides a slightly broader view of the distribution by including the middle 82% of records. The whiskers capture most of the variation but exclude extreme outliers caused by data errors in recording sold house prices or internal area.
  • 'n=' is the number of property transactions the box plot is based on; 180 for KT19 0, Epsom.

    • Property price map for Epsom

    Have a look at the interactive price map I created for myself. Use it to explore 'KT19 0' house prices all the way down to individual property plots.

    Property price heatmap for Epsom
    House price map for Epsom

    Epsom house price forecasting

    I cannot tell what house prices will do in the future and don't believe anyone who says they can. However we can plot price trends, I have done this in the chart below for KT19 0 (Epsom) compared with the wider postcode district of KT19. You can extrapolate from this based on your own views on future interest rates, inflation and other factors.

    House price index for KT19 0

    Tip: click on the legend items to show/hide different lines

    Download house price index as CSV (premium users only).

    The chart above shows changes in 'KT19 0' property prices over the last 20 years. The index is calculated from the average price paid per sqm for property in KT19 0 and is set to 100 in 2004. I'm comparing the trends for KT19 0,Epsom with the wider postcode district of KT19 What is more interesting is to look at the difference between flats and houses, even those in the same area follow a very different trend, to get a robust enough sample size to see this we need to zoom out and look at house price trends for the entire Epsom and Ewell local authority.

    The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:

    Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1
    In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.

    Historic returns for KT19 0
    KT19 0 sector KT19 district
    Nominal Real Nominal Real
    20 yr per annum 4.2% 1.5% 3.8% 1.1%
    20 yr total 128.7% 35.4% 111.9% 25.5%
    10 yr per annum 3.3% 0.5% 3.2% 0.4%
    10 yr total 37.8% 4.6% 37.2% 4.2%
    5 yr per annum 2.5% -1.5% 2.4% -1.6%
    5 yr total 13.1% -7.4% 12.5% -7.9%
    1 yr per annum -4.4% -8.3% -0.6% -4.6%
    1 yr total -4.4% -8.3% -0.6% -4.6%

    This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.

    The total rate of change represents the overall change over the entire period. The formula for total return is:

    Total return = (Index at end of period ÷ Index at start of period) - 1

    The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:

    CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1

    Some specific examples:

    • Over the past 20 years, KT19 district have seen a 1.1% annual change when adjusted for inflation. This translates to a total change of 25.5% in real terms.
    • Over the past 5 years, KT19 district have seen a -1.6% annual change when adjusted for inflation. This translates to a total change of -7.9% in real terms.

    Most recent KT19 0 sales

    For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

    Tip: hover over dots to see details

    Street level data

    Street Avg size Avg £sqm Recent sales
    Kingston Road, Epsom, KT19 0D 73 sqm £4,957 21
    Firswood Avenue, Epsom, KT19 0P 89 sqm £6,582 18
    Riverview Road, Epsom, KT19 0J 89 sqm £6,253 15
    Walsingham Gardens, Epsom, KT19 0L 112 sqm £6,532 15
    Pams Way, Epsom, KT19 0H 88 sqm £6,379 13
    River Way, Epsom, KT19 0H 92 sqm £5,941 12
    Seaforth Gardens, Epsom, KT19 0L 115 sqm £6,165 12
    Thorndon Gardens, Epsom, KT19 0Q 120 sqm £5,708 12

    Search for your street here.

    Nearby geographies

    The table below shows how 'KT19 0' compares to the other postcode sectors in KT19.

    Sector Lower quartile Median Upper quartile Sales in last 2yr
    KT9 1 Chessington North £5,000 sqm £5,630 sqm £6,300 sqm 181
    KT5 9 Tolworth £5,650 sqm £6,300 sqm £7,040 sqm 194
    KT4 8 Worcester Park £5,420 sqm £6,080 sqm £6,900 sqm 392
    KT4 7 Worcester Park £5,400 sqm £6,050 sqm £6,660 sqm 233
    KT19 9 Chessington North £5,020 sqm £5,710 sqm £6,410 sqm 284
    KT19 8 Epsom £5,100 sqm £5,580 sqm £6,250 sqm 213
    KT19 7 Epsom £4,760 sqm £5,870 sqm £6,770 sqm 26
    KT19 0 Epsom £5,440 sqm £6,080 sqm £6,910 sqm 180
    KT17 2 Stoneleigh £5,150 sqm £5,690 sqm £6,560 sqm 172
    KT17 1 Epsom £5,240 sqm £5,980 sqm £6,790 sqm 179

    Raw data

    Our analysis of KT19 0 is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

    Address Paid sqm £/sqm
    1b, Court Farm Avenue, Epsom £755,000
    Oct-2024
    		 146 5,171
    1, The Byway, Epsom £825,000
    Oct-2024
    		 136 6,066
    14, Lakehurst Rd, Epsom £535,000
    Oct-2024
    		 66 8,106

    See the entire list of all sales in KT19 0 here.

    About

    I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.