SM3 8BW is a residential postcode situated on Park Lane, Cheam, Sutton, SM3 with 6 addresses.
It ranks as the 41st largest and 334th most expensive of the 360 postcodes in the SM3 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 6 properties: 6 flats.
SM3 8BW is a residential postcode situated on Park Lane, Cheam, Sutton, SM3 with 6 addresses.
It ranks as the 41st largest and 334th most expensive of the 360 postcodes in the SM3 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 6 properties: 6 flats.
Sale prices range from £625,725 for 3 bedroom leasehold flats (953 ft2) to £789,936 for 3 bedroom leasehold flats (1,323 ft2) .
Monthly rental prices range from £2,630 pcm for 3 bed flats to £3,305 pcm for 3 bed flats.
The gross rental yield is between 5.0% and 5.0%.
The average value per square foot is £617.
The last sale in SM3 8BW sold for £775,000 on 5th August 2022. Since then prices are down an average of 3.3%.
The current average value in the postcode is £723,426.
The SM3 8BW Sales Market has increased by 7.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.4% | £723,426 |
| April 2025 | 0.7% | £720,365 |
| April 2024 | -3.1% | £715,222 |
| April 2023 | 0.7% | £738,281 |
| April 2022 | 6% | £732,844 |
| April 2021 | 2.4% | £691,520 |
| April 2020 | 1.4% | £675,481 |
| April 2019 | -0.7% | £666,198 |
| April 2018 | -3.3% | £671,005 |
| April 2017 | 3.3% | £694,019 |
| April 2016 | 13.2% | £671,908 |
| April 2015 | 12.4% | £593,327 |
| April 2014 | 12.5% | £527,673 |
| April 2013 | 6.2% | £469,101 |
| April 2012 | 2.7% | £441,541 |
| April 2011 | 0.5% | £430,127 |
| April 2010 | 12.9% | £427,794 |
| April 2009 | -17.5% | £378,758 |
| April 2008 | 3.5% | £459,329 |
| April 2007 | 0% | £443,922 |
The current average rental value in the postcode is £3,028.
The SM3 8BW Rental Market has increased by 28.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3% | £3,028pcm |
| April 2025 | 1% | £2,941pcm |
| April 2024 | 5.6% | £2,911pcm |
| April 2023 | 12.1% | £2,756pcm |
| April 2022 | 6.1% | £2,458pcm |
| April 2021 | 0.1% | £2,316pcm |
| April 2020 | 4.4% | £2,314pcm |
| April 2019 | 1.5% | £2,215pcm |
| April 2018 | -2.8% | £2,183pcm |
| April 2017 | -4.4% | £2,246pcm |
| April 2016 | 5.7% | £2,350pcm |
| April 2015 | 6.8% | £2,223pcm |
| April 2014 | 5.1% | £2,082pcm |
| April 2013 | 4.9% | £1,980pcm |
| April 2012 | 6.5% | £1,888pcm |
| April 2011 | 6.1% | £1,773pcm |
| April 2010 | 2.8% | £1,672pcm |
| April 2009 | -7.9% | £1,626pcm |
| April 2008 | 7.7% | £1,764pcm |
| April 2007 | 0% | £1,638pcm |
The last sale was on 5th August 2022 for £775,000 and since then the market in the area has decreased by 3.3%. The postcode has had a total of 8 sales since 1995.
SM3 8BW has seen no sales in the last three years and no sales in the last twelve months.
SM3 8BW is the 41st largest and the 334th most expensive postcode out of the 360 postcodes in the SM3 area.
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The closest station to SM3 8BW is Cheam station which is 500 metres away.
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