Feb 07, 2023 by HM

House prices in Caterham (CR3 5)

This article reveals price per square metre data and various charts to help you understand current housing market in Caterham (CR3 5).

Price per square metre

Knowing the average house price in Caterham 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
E.g. 7, Gowrie Place, Caterham, sold for £465,000 on Sep-2023. Given the internal area of 83 square metres, the price per sqm is £5,602.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 323 sales in Caterham (CR3 5) that took place in the last two years.

Distribution of £ per sqm for Caterham (CR3 5)
Distribution of £ per sqm house prices in Caterham

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.

That said, the spread of prices will give you a feel of the typical range to expect in Caterham (CR3 5). Of the 323 transactions, half were sold for between £4,440 and £5,940 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,940m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CR3 5' is £5,080. The table below shows how 'CR3 5' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CR3 0 Whyteleafe £4,070m2 £4,650m2 £5,320m2
CR3 6 Caterham £4,000m2 £4,600m2 £5,420m2
CR3 7 Woldingham £5,000m2 £6,010m2 £6,650m2
CR3 5 Caterham £4,440m2 £5,080m2 £5,940m2

Will Caterham house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CR3 5 (Caterham). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CR3 5 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Caterham (CR3 5) over time
House price trends for Caterham

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Caterham and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Caterham data or any other data I am given.

Price map for Caterham

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Caterham. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

Property price heatmap for Caterham
House price heatmap for Caterham

Street level data

Street Avg size Avg £/m2 Recent sales
Coulsdon Road, Caterham, CR3 5N 70m2 £4,388 32
Chaldon Road, Caterham, CR3 5P 76m2 £4,338 30
Banstead Road, Caterham, CR3 5Q 79m2 £4,575 29
Whyteleafe Road, Caterham, CR3 5E 167m2 £5,168 25
Addison Road, Caterham, CR3 5L 84m2 £5,065 19
Ninehams Road, Caterham, CR3 5L 80m2 £4,949 18
Campbell Road, Caterham, CR3 5J 76m2 £5,332 18
Park Road, Caterham, CR3 5T 77m2 £5,383 17

Search for your street here.

Raw data

Our analysis of Caterham 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 m2 £/m2
7, Gowrie Pl, Caterham £465,000
83 5,602
30, Livingstone Rd, Caterham £740,000
180 4,111
157, Chaldon Rd, Caterham £403,000
86 4,686

See the entire list of all sales in Caterham (CR3 5) here.


HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.