SM1 2BY is a residential postcode situated on Heron Close, Cheam, Sutton, SM1 with 12 addresses.
It ranks as the 189th largest and 274th most expensive of the 744 postcodes in the SM1 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 12 properties: 12 flats.
SM1 2BY is a residential postcode situated on Heron Close, Cheam, Sutton, SM1 with 12 addresses.
It ranks as the 189th largest and 274th most expensive of the 744 postcodes in the SM1 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 12 properties: 12 flats.
Sale prices range from £291,621 for 2 bedroom leasehold flats (559 ft2) to £335,791 for 2 bedroom leasehold flats (721 ft2) .
Monthly rental prices range from £1,461 pcm for 2 bed flats to £1,632 pcm for 2 bed flats.
The gross rental yield is between 5.8% and 6.0%.
The average value per square foot is £479.
The last sale in SM1 2BY sold for £317,500 on 15th June 2021. Since then prices are up an average of 2.5%.
The current average value in the postcode is £321,509.
The SM1 2BY Sales Market has increased by 4.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.4% | £321,509 |
| April 2025 | 0.2% | £320,315 |
| April 2024 | -1.9% | £319,711 |
| April 2023 | -0.3% | £325,939 |
| April 2022 | 4.7% | £326,973 |
| April 2021 | 1.9% | £312,156 |
| April 2020 | 0% | £306,366 |
| April 2019 | 0.3% | £306,251 |
| April 2018 | -3.1% | £305,424 |
| April 2017 | 2.5% | £315,344 |
| April 2016 | 13.9% | £307,507 |
| April 2015 | 12.7% | £270,085 |
| April 2014 | 13.2% | £239,556 |
| April 2013 | 5% | £211,655 |
| April 2012 | 1.9% | £201,550 |
| April 2011 | 0% | £197,783 |
| April 2010 | 10.8% | £197,854 |
| April 2009 | -16% | £178,647 |
| April 2008 | 3.4% | £212,742 |
| April 2007 | 0% | £205,693 |
The current average rental value in the postcode is £1,578.
The SM1 2BY Rental Market has increased by 26.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.1% | £1,578pcm |
| April 2025 | 0.7% | £1,530pcm |
| April 2024 | 6.7% | £1,520pcm |
| April 2023 | 11.5% | £1,424pcm |
| April 2022 | 4.9% | £1,278pcm |
| April 2021 | -0.3% | £1,219pcm |
| April 2020 | 3% | £1,223pcm |
| April 2019 | 2.4% | £1,188pcm |
| April 2018 | -2.4% | £1,160pcm |
| April 2017 | -5.1% | £1,188pcm |
| April 2016 | 6.5% | £1,252pcm |
| April 2015 | 7.4% | £1,175pcm |
| April 2014 | 4.8% | £1,095pcm |
| April 2013 | 3.6% | £1,045pcm |
| April 2012 | 5.7% | £1,008pcm |
| April 2011 | 5.3% | £954pcm |
| April 2010 | 1.7% | £906pcm |
| April 2009 | -6.1% | £891pcm |
| April 2008 | 7.4% | £949pcm |
| April 2007 | 0% | £884pcm |
The last sale was on 15th June 2021 for £317,500 and since then the market in the area has increased by 2.5%. The postcode has had a total of 24 sales since 1995.
SM1 2BY has seen no sales in the last three years and no sales in the last twelve months.
SM1 2BY is the 189th largest and the 274th most expensive postcode out of the 744 postcodes in the SM1 area.
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The closest station to SM1 2BY is West Sutton station which is 500 metres away.
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