SM3 8JL is a residential postcode situated on London Road, Cheam, Sutton, SM3 with 22 addresses.
It ranks as the 164th largest and 86th most expensive of the 360 postcodes in the SM3 area. The dominant property type is a early-century flat built between 1912 and 1935.
The postcode contains a total of 22 properties: 1 house and 21 flats.
SM3 8JL is a residential postcode situated on London Road, Cheam, Sutton, SM3 with 22 addresses.
It ranks as the 164th largest and 86th most expensive of the 360 postcodes in the SM3 area. The dominant property type is a early-century flat built between 1912 and 1935.
The postcode contains a total of 22 properties: 1 house and 21 flats.
Sale prices range from £258,858 for 1 bedroom leasehold flats (409 ft2) to £664,496 for 4 bedroom freehold houses with a garden (1,227 ft2) .
Monthly rental prices range from £1,245 pcm for 1 bed flats to £2,723 pcm for 4 bed houses.
The gross rental yield is between 4.9% and 5.8%.
The average value per square foot is £496.
The last sale in SM3 8JL sold for £320,000 on 26th February 2025. Since then prices are up an average of 0.7%.
The current average value in the postcode is £387,841.
The SM3 8JL Sales Market has increased by 11.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.5% | £387,841 |
| April 2025 | 0.8% | £385,828 |
| April 2024 | -2.2% | £382,879 |
| April 2023 | 1.5% | £391,306 |
| April 2022 | 6.4% | £385,520 |
| April 2021 | 2.8% | £362,346 |
| April 2020 | 0.8% | £352,590 |
| April 2019 | -1.4% | £349,890 |
| April 2018 | -1.7% | £354,875 |
| April 2017 | 3.7% | £361,065 |
| April 2016 | 14.1% | £348,238 |
| April 2015 | 12.4% | £305,336 |
| April 2014 | 12.4% | £271,703 |
| April 2013 | 6.1% | £241,749 |
| April 2012 | 1.8% | £227,863 |
| April 2011 | -0.1% | £223,741 |
| April 2010 | 11.7% | £223,891 |
| April 2009 | -16.5% | £200,528 |
| April 2008 | 3.5% | £240,136 |
| April 2007 | 0% | £231,953 |
The current average rental value in the postcode is £1,808.
The SM3 8JL Rental Market has increased by 31.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.9% | £1,808pcm |
| April 2025 | 1.2% | £1,756pcm |
| April 2024 | 5.6% | £1,735pcm |
| April 2023 | 12% | £1,643pcm |
| April 2022 | 7.7% | £1,466pcm |
| April 2021 | 0.7% | £1,362pcm |
| April 2020 | 3.4% | £1,352pcm |
| April 2019 | 0.6% | £1,308pcm |
| April 2018 | -2.2% | £1,300pcm |
| April 2017 | -3.1% | £1,329pcm |
| April 2016 | 6.5% | £1,371pcm |
| April 2015 | 6% | £1,288pcm |
| April 2014 | 5.6% | £1,215pcm |
| April 2013 | 4.9% | £1,151pcm |
| April 2012 | 4.9% | £1,097pcm |
| April 2011 | 6.2% | £1,045pcm |
| April 2010 | 0.8% | £984pcm |
| April 2009 | -6.5% | £977pcm |
| April 2008 | 7.5% | £1,045pcm |
| April 2007 | 0% | £972pcm |
The last sale was on 26th February 2025 for £320,000 and since then the market in the area has increased by 0.7%. The postcode has had a total of 44 sales since 1995.
SM3 8JL has seen 1 sale in the last three years and no sales in the last twelve months.
SM3 8JL is the 164th largest and the 86th most expensive postcode out of the 360 postcodes in the SM3 area.
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The closest station to SM3 8JL is Stoneleigh station which is 1.4 kilometres away.
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