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Property Price Trends
The Broadway, Cheam, Sutton
SM3 8BL Sutton London Boro
What are the historical property price trends?
Explore the yearly trends in property prices for the SM3 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
SM3
Most Expensive Property
£800,000
62 Malden Road, SM3 8QF
Sold: 30 June 2023
Cheapest Property
£15,000
20 24 Glyn Court, 633 647a Roof Space London Road, SM3 9DF
Sold: 21 December 2021
£445,000
The average house price in Sutton was £445,000 in November 2024 (provisional), up 4.9% from November 2023. Across London, there was little change in the average house price over the same period.
£1,496
Private rents rose to an average of £1,496 in December 2024, an annual increase of 13.4% from £1,319 in December 2023. This was higher than the rise in London (11.5%) over the year.
£375,000
The average price paid by first-time buyers was £375,000 in November 2024 (provisional). This was 5.4% higher than the average of £356,000 in November 2023 (revised).
£456,000
For homes bought with a mortgage, the average house price was £456,000 in November 2024 (provisional). This was 4.8% higher than the average of £435,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Sutton, E09000029). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in SM3 8BL?
The graph below shows the five-year capital growth figures for properties for the SM3 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in SM3 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Surrey?
For Homebuyers:
Homebuyers in Surrey are facing a competitive market with increasing house prices. The average house price in Surrey is currently around £590,000, with some areas such as Guildford (GU1) and Weybridge (KT13) commanding even higher prices. However, there is a wide range of properties available, from spacious detached houses to modern apartments, catering to different budgets and preferences. Surrey remains a popular choice for families looking for good schools and a high quality of life.
For Renters:
Renters in Surrey can expect to pay an average monthly rent of around £1,700 for a two-bedroom property. Areas such as Epsom (KT17) and Reigate (RH2) are in high demand, driving up rent prices. However, there is a good supply of rental properties available, from city centre flats to suburban houses. Renting in Surrey is a popular choice for professionals working in London but seeking a quieter lifestyle.
For Investors:
Investors looking to buy property in Surrey can expect strong rental yields, with average yields of around 4-5%. Areas such as Farnham (GU9) and Camberley (GU15) offer good investment opportunities, with high demand from renters. House prices in Surrey have been steadily increasing, making it a profitable market for buy-to-let investors. Additionally, the proximity to London and excellent transport links make Surrey an attractive location for rental properties.
For Homebuyers:
Homebuyers in Surrey are facing a competitive market with increasing house prices. The average house price in Surrey is currently around £590,000, with some areas such as Guildford (GU1) and Weybridge (KT13) commanding even higher prices. However, there is a wide range of properties available, from spacious detached houses to modern apartments, catering to different budgets and preferences. Surrey remains a popular choice for families looking for good schools and a high quality of life.
For Renters:
Renters in Surrey can expect to pay an average monthly rent of around £1,700 for a two-bedroom property. Areas such as Epsom (KT17) and Reigate (RH2) are in high demand, driving up rent prices. However, there is a good supply of rental properties available, from city centre flats to suburban houses. Renting in Surrey is a popular choice for professionals working in London but seeking a quieter lifestyle.
For Investors:
Investors looking to buy property in Surrey can expect strong rental yields, with average yields of around 4-5%. Areas such as Farnham (GU9) and Camberley (GU15) offer good investment opportunities, with high demand from renters. House prices in Surrey have been steadily increasing, making it a profitable market for buy-to-let investors. Additionally, the proximity to London and excellent transport links make Surrey an attractive location for rental properties.
Last updated on 31 May 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for SM3 8BL
Estimated yield for property investors
2.43%
Yield
The estimated yield for the SM3 8BL postcode area is 2.43%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in SM3 8BL?
The recently sold properties table lists homes around SM3 8BL that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 29 July 2022 | £420,000 | Timber Court, 31 Flat 10 Ewell Road, Cheam, Sutton, SM3 8AU | Flat/Maisonette | Leasehold |
| 15 July 2022 | £440,000 | Timber Court, 31 Flat 13 Ewell Road, Cheam, Sutton, SM3 8AU | Flat/Maisonette | Leasehold |
| 14 July 2022 | £420,000 | Timber Court, 31 Flat 1 Ewell Road, Cheam, Sutton, SM3 8AU | Flat/Maisonette | Leasehold |
| 27 October 2022 | £375,000 | 269 Flat Malden Road, Cheam, Sutton, SM3 8ET | Flat/Maisonette | Leasehold |
| 21 November 2023 | £650,000 | 62 Wordsworth Drive, Cheam, Sutton, SM3 8HF | Semi-Detached | Freehold |
| 27 September 2022 | £320,000 | Yardley Court Flat 2 Hemingford Road, Cheam, Sutton, SM3 8HL | Flat/Maisonette | Leasehold |
| 22 September 2023 | £360,000 | Yardley Court Flat 17 Hemingford Road, Cheam, Sutton, SM3 8HL | Flat/Maisonette | Leasehold |
| 06 July 2023 | £525,000 | 29 Stoughton Avenue, Cheam, Sutton, SM3 8PH | Terraced | Freehold |
| 30 June 2023 | £800,000 | 62 Malden Road, Cheam, Sutton, SM3 8QF | Semi-Detached | Freehold |
| 30 November 2022 | £750,000 | 6 Caversham Avenue, Cheam, Sutton, SM3 9AH | Semi-Detached | Freehold |
| 08 March 2024 | £127,000 | 694a London Road, Cheam, Sutton, SM3 9BY | Flat/Maisonette | Leasehold |
| 21 December 2021 | £15,000 | 20 24 Glyn Court, 633 647a Roof Space London Road, Cheam, Sutton, SM3 9DF | Other | Leasehold |
| 26 October 2023 | £560,000 | 62 Burleigh Road, Sutton, SM3 9NB | Semi-Detached | Freehold |
| 27 November 2023 | £469,000 | 295 Sutton Common Road, Sutton, SM3 9NH | Semi-Detached | Freehold |
| 30 November 2023 | £520,000 | 369 Gander Green Lane, Cheam, Sutton, SM3 9QX | Semi-Detached | Freehold |
| 29 February 2024 | £500,000 | 362 Gander Green Lane, Cheam, Sutton, SM3 9QZ | Semi-Detached | Freehold |
| 18 December 2023 | £745,000 | 19 Watson Avenue, Cheam, Sutton, SM3 9RE | Semi-Detached | Freehold |
| 18 December 2023 | £635,000 | 5 Wrayfield Road, Cheam, Sutton, SM3 9TJ | Semi-Detached | Freehold |
Please note that house prices for properties sold in and around SM3 8BL during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
