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Property Price Trends
SM3 8PG
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 8PG?
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
In Surrey, the property market for homebuyers is currently experiencing a stable trend in house prices, with a slight increase in certain desirable areas such as Guildford (GU1, GU2) and Woking (GU21, GU22). The average house price in Surrey is around £550,000, with properties in Epsom (KT17, KT18) and Reigate (RH2) being especially sought after. Availability of properties in Surrey is relatively high, with a variety of options ranging from detached houses to apartments. Homebuyers looking for a desirable location with good schools and amenities will find plenty of choices in Surrey.
For Renters
Rent prices in Surrey are relatively high, with the average monthly rent for a two-bedroom property standing at around £1,500. Areas such as Farnham (GU9) and Esher (KT10) command higher rents due to their desirable locations and good transport links. Availability of rental properties in Surrey is limited, especially in popular areas such as Godalming (GU7) and Dorking (RH4). Renters looking for a property in Surrey should be prepared to act quickly and have a competitive edge to secure a rental property.
For Investors
Investors looking to buy property in Surrey will find a strong market with good potential for rental income. The rental yields in Surrey are on average around 3-4%, with higher potential in areas such as Camberley (GU15) and Leatherhead (KT22). The demand for rental properties in Surrey is high, especially in areas with good transport links and proximity to amenities. Investors should consider areas with upcoming developments such as Farnborough (GU14) and Walton-on-Thames (KT12) for potential growth in property value.
For Homebuyers
In Surrey, the property market for homebuyers is currently experiencing a stable trend in house prices, with a slight increase in certain desirable areas such as Guildford (GU1, GU2) and Woking (GU21, GU22). The average house price in Surrey is around £550,000, with properties in Epsom (KT17, KT18) and Reigate (RH2) being especially sought after. Availability of properties in Surrey is relatively high, with a variety of options ranging from detached houses to apartments. Homebuyers looking for a desirable location with good schools and amenities will find plenty of choices in Surrey.
For Renters
Rent prices in Surrey are relatively high, with the average monthly rent for a two-bedroom property standing at around £1,500. Areas such as Farnham (GU9) and Esher (KT10) command higher rents due to their desirable locations and good transport links. Availability of rental properties in Surrey is limited, especially in popular areas such as Godalming (GU7) and Dorking (RH4). Renters looking for a property in Surrey should be prepared to act quickly and have a competitive edge to secure a rental property.
For Investors
Investors looking to buy property in Surrey will find a strong market with good potential for rental income. The rental yields in Surrey are on average around 3-4%, with higher potential in areas such as Camberley (GU15) and Leatherhead (KT22). The demand for rental properties in Surrey is high, especially in areas with good transport links and proximity to amenities. Investors should consider areas with upcoming developments such as Farnborough (GU14) and Walton-on-Thames (KT12) for potential growth in property value.
Last updated on 31 Jul 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 8PG
Estimated yield for property investors
%
Yield
The estimated yield for the SM3 8PG postcode area is %, 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 8PG?
The recently sold properties table lists homes around SM3 8PG 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 8PG 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
