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SM5 is a postcode district in the SM (Sutton) postcode area, covering 9.2 km². Prices, sales and comparisons below are for homes sold in the twelve months to July 2026, from HM Land Registry sales matched to their energy certificate.
In the twelve months to July 2026, homes sold in SM5 (Carshalton) went for a median £5,809 per square metre, +1.7% on the previous twelve months and +10.6% on five years earlier. The median price paid was £450,000, across 318 sales (467 in the twelve months before).
That is 5.2% above the median for the SM postcode area (£5,523) and 8.7% below London as a whole (£6,364), ranking SM5 139th of 219 London postcode districts by price per square metre and 3rd of 6 in SM. Closest in price across London: HA0 Wembley and Alperton (£5,814) and BR6 Orpington and Farnborough (£5,793).
29% of the homes sold were flats or maisonettes and the median home sold had 73 m² of floor space. Flats sold for a median £300,000 and houses for £491,000.
Of the 7 districts bordering SM5, 1 is dearer per square metre. The dearest is SM4 Morden at £6,150 and the cheapest CR8 Purley and Kenley at £5,055.
| Median £/m² | 12-month change | |
|---|---|---|
| SM5 Carshalton | £5,809 | +1.7% |
| Sutton (SM) | £5,523 | -0.5% |
| London | £6,364 | -2.9% |
Each point is the median price per square metre of the homes sold in the twelve months to that month. Months with fewer than 30 sales in SM5 are left blank.
| Period | 12 months to | Median £/m² | Change to latest |
|---|---|---|---|
| Latest | Jul 2026 | £5,809 | |
| One year earlier | Jul 2025 | £5,714 | +1.7% |
| Five years earlier | Jul 2021 | £5,250 | +10.6% |
| First in the series | Feb 1995 | £866 | +570.8% |
Land Registry sales in SM5 matched to the home's energy certificate, the sales every figure on this page is computed from.
SM5's Location Premium is -20.3%: in CityDataLab's factor model fitted to July 2026, an otherwise identical home (same size, type, age and energy rating) is priced 20.3% less per square metre in SM5 than in a district at the average London district price level.
The model measures a district's location by its median price per m² over the previous twelve months, in standard deviations across London's postcode districts. SM5 sits 0.65 standard deviations below the average district. The Location Premium is the part of a home's price per m² the model puts down to that location; the rest depends on the home itself and on the market as a whole. How each factor's Premium has moved · Price a home with the property calculator.
Districts that share a border with SM5, dearest first.
| District | Median £/m², 12 months | 12-month change | Median price paid | Sales, 12 months | Vs SM5 |
|---|---|---|---|---|---|
| SM4 Morden | £6,150 | -1.2% | £485,000 | 251 | +5.9% |
| SM1 Sutton | £5,443 | +0.3% | £427,750 | 370 | -6.3% |
| CR4 Mitcham | £5,405 | +0.4% | £425,000 | 329 | -6.9% |
| CR5 Coulsdon | £5,198 | +0.3% | £545,000 | 251 | -10.5% |
| SM6 Wallington | £5,183 | +0.7% | £405,000 | 359 | -10.8% |
| SM2 Belmont and South Sutton | £5,084 | -4.4% | £345,000 | 284 | -12.5% |
| CR8 Purley and Kenley | £5,055 | +0.4% | £465,000 | 379 | -13.0% |
Prices are HM Land Registry price paid data for homes sold in SM5, each matched by address to its MHCLG energy performance certificate for the floor area. Price per m² is the price paid divided by that floor area; medians are taken over the twelve months to the month shown, and districts, their postcode area and London are always compared over the same twelve months. Sales without a matched certificate, and non-residential and "other" sales, are not counted. Neighbouring districts are those sharing a border on the postcode district maps by Wikipedia contributors (CC BY-SA 3.0). See how CityDataLab's factor model works.