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).

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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.

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.

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.

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 Sep-2023	83	5,602
30, Livingstone Rd, Caterham	£740,000 Sep-2023	180	4,111
157, Chaldon Rd, Caterham	£403,000 Aug-2023	86	4,686

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