SM2 6LY is a residential postcode situated on Mulgrave Road, Sutton, SM2 with 24 addresses.
It ranks as the 355th largest and 56th most expensive of the 571 postcodes in the SM2 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 24 properties: 24 flats.
SM2 6LY is a residential postcode situated on Mulgrave Road, Sutton, SM2 with 24 addresses.
It ranks as the 355th largest and 56th most expensive of the 571 postcodes in the SM2 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 24 properties: 24 flats.
Sale prices range from £230,988 for 2 bedroom leasehold flats (559 ft2) to £280,612 for 2 bedroom leasehold flats (764 ft2) .
Monthly rental prices range from £1,366 pcm for 2 bed flats to £1,604 pcm for 2 bed flats.
The gross rental yield is between 6.9% and 7.1%.
The average value per square foot is £423.
The last sale in SM2 6LY sold for £160,000 on 15th August 2025. Since then prices are down an average of 1.9%.
The current average value in the postcode is £250,633.
The SM2 6LY Sales Market has decreased by 4.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.7% | £250,633 |
| April 2025 | -0.7% | £255,058 |
| April 2024 | -1.2% | £256,840 |
| April 2023 | -2.8% | £259,976 |
| April 2022 | 3.4% | £267,391 |
| April 2021 | 1.8% | £258,657 |
| April 2020 | 1.4% | £254,086 |
| April 2019 | -1.6% | £250,478 |
| April 2018 | -4.6% | £254,677 |
| April 2017 | 1.4% | £266,892 |
| April 2016 | 12.2% | £263,295 |
| April 2015 | 10% | £234,683 |
| April 2014 | 13.9% | £213,353 |
| April 2013 | 6% | £187,358 |
| April 2012 | 2.4% | £176,746 |
| April 2011 | 1% | £172,607 |
| April 2010 | 7.7% | £170,906 |
| April 2009 | -16.5% | £158,646 |
| April 2008 | 4% | £189,914 |
| April 2007 | 0% | £182,615 |
The current average rental value in the postcode is £1,466.
The SM2 6LY Rental Market has increased by 25.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.4% | £1,466pcm |
| April 2025 | 1.6% | £1,418pcm |
| April 2024 | 7.4% | £1,395pcm |
| April 2023 | 10.3% | £1,300pcm |
| April 2022 | 3.2% | £1,178pcm |
| April 2021 | 0.3% | £1,142pcm |
| April 2020 | 2.2% | £1,139pcm |
| April 2019 | 3.4% | £1,114pcm |
| April 2018 | -2.2% | £1,078pcm |
| April 2017 | -5.8% | £1,103pcm |
| April 2016 | 6.2% | £1,171pcm |
| April 2015 | 7.5% | £1,102pcm |
| April 2014 | 4.6% | £1,025pcm |
| April 2013 | 3.9% | £981pcm |
| April 2012 | 5.3% | £944pcm |
| April 2011 | 5.6% | £896pcm |
| April 2010 | 1.1% | £848pcm |
| April 2009 | -5.1% | £839pcm |
| April 2008 | 6.2% | £885pcm |
| April 2007 | 0% | £833pcm |
The last sale was on 15th August 2025 for £160,000 and since then the market in the area has decreased by 1.9%. The postcode has had a total of 40 sales since 1995.
SM2 6LY has seen 3 sales in the last three years and 1 sale in the last twelve months.
SM2 6LY is the 355th largest and the 56th most expensive postcode out of the 571 postcodes in the SM2 area.
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The closest station to SM2 6LY is Sutton (London) station which is 700 metres away.
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