Park Road - SM3 8PY
Key Postcode Insights
SM3 8PY is a residential postcode situated on Park Road, Cheam, Sutton, SM3 with 31 addresses.
It ranks as the 247th largest and 85th most expensive of the 358 postcodes in the SM3 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 31 properties: 13 houses and 18 flats.
- Ave. Sale Price
- £521,226
- 10 Year change
- up 7.3%
- Ave. Rental Price
- £2,156pcm
- 10 Year change
- up 34.9%
- Ave. £ per ft²
- £588/ft²
- Ave. Gross Yield
- 5.0%/year/yr
Key Postcode Insights
SM3 8PY is a residential postcode situated on Park Road, Cheam, Sutton, SM3 with 31 addresses.
It ranks as the 247th largest and 85th most expensive of the 358 postcodes in the SM3 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 31 properties: 13 houses and 18 flats.
- Ave. Sale Price
- £521,226
- 10 Year change
- up 7.3%
- Ave. Rental Price
- £2,156pcm
- 10 Year change
- up 34.9%
- Ave. £ per ft²
- £588/ft²
- Ave. Gross Yield
- 5.0%/year/yr
Explore Propertiesin SM3 8PY
- Village Court
Modern Building | 11 Units
- 21 Park Road
Building  |  3 Flats
- 23A Park Road
4 Bed Mid-century House
- 23B Park Road
Unknown
- 23 Park Road
4 Bed Mid-century House
Sales Market Trends
The last sale in SM3 8PY sold for £950,000 on 1st August 2025. Since then prices are down an average of 0.6%.
The current average value in the postcode is £521,226.
The SM3 8PY Sales Market has increased by 7.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.5% | £521,226 |
| June 2025 | -0.2% | £524,104 |
| June 2024 | -1.9% | £524,892 |
| June 2023 | -0.5% | £534,957 |
| June 2022 | 6.4% | £537,796 |
| June 2021 | 3.5% | £505,627 |
| June 2020 | 1.8% | £488,484 |
| June 2019 | -0.5% | £479,874 |
| June 2018 | -2.8% | £482,425 |
| June 2017 | 2.2% | £496,325 |
| June 2016 | 13.5% | £485,834 |
| June 2015 | 8.8% | £427,867 |
| June 2014 | 16% | £393,312 |
| June 2013 | 5.7% | £338,988 |
| June 2012 | 2.3% | £320,837 |
| June 2011 | -1.3% | £313,594 |
| June 2010 | 13.6% | £317,610 |
| June 2009 | -14% | £279,669 |
| June 2008 | -2.4% | £325,276 |
| June 2007 | 0% | £333,328 |
Rental Market Trends
The current average rental value in the postcode is £2,156.
The SM3 8PY Rental Market has increased by 34.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.2% | £2,156pcm |
| June 2025 | 0.7% | £2,088pcm |
| June 2024 | 5.8% | £2,072pcm |
| June 2023 | 12.7% | £1,959pcm |
| June 2022 | 7.7% | £1,739pcm |
| June 2021 | 1.2% | £1,615pcm |
| June 2020 | 3.1% | £1,596pcm |
| June 2019 | 2.5% | £1,547pcm |
| June 2018 | -0.9% | £1,509pcm |
| June 2017 | -4.7% | £1,523pcm |
| June 2016 | 5.8% | £1,597pcm |
| June 2015 | 5.4% | £1,510pcm |
| June 2014 | 6% | £1,433pcm |
| June 2013 | 3.6% | £1,352pcm |
| June 2012 | 4.9% | £1,305pcm |
| June 2011 | 5.4% | £1,244pcm |
| June 2010 | 4.9% | £1,181pcm |
| June 2009 | -7.7% | £1,126pcm |
| June 2008 | 6.1% | £1,219pcm |
| June 2007 | 0% | £1,149pcm |
Sales History
The last sale was on 1st August 2025 for £950,000 and since then the market in the area has decreased by 0.6%. The postcode has had a total of 53 sales since 1995.
SM3 8PY has seen 4 sales in the last three years and 1 sale in the last twelve months.
- Sold Aug 2025£950,000 | 4 Bed House28, Park Road, Sutton, SM3 8PY28, Park Road, Sutton, SM3 8PY
- Sold May 2023£5,000 | 2 Bed FlatFlat 1, Village Court 25A, Park Road, Sutton, SM3 8PYFlat 1, Village Court 25A, Park Road, Sutton, SM3 8PY
- Sold Mar 2023£750,000 | 4 Bed House21A, Park Road, Sutton, SM3 8PY21A, Park Road, Sutton, SM3 8PY
- Sold Jan 2023£400,000 | 2 Bed FlatFlat 10, Village Court 25A, Park Road, Sutton, SM3 8PYFlat 10, Village Court 25A, Park Road, Sutton, SM3 8PY
- Sold Nov 2022£220,000 | 2 Bed FlatFlat 8, Village Court 25A, Park Road, Sutton, SM3 8PYFlat 8, Village Court 25A, Park Road, Sutton, SM3 8PY
Nearby Postcodes
SM3 8PY is the 247th largest and the 85th most expensive postcode out of the 358 postcodes in the SM3 area.
- SM3 8PZ, Park Road, Cheam, Sutton, SM3SM3 8PZ4 Addresses|29 m away
- SM3 8AZ, The Broadway, Cheam, Sutton, SM3SM3 8AZ9 Addresses|32 m away
- SM3 8RE, High Street, Cheam, Sutton, SM3SM3 8RE2 Addresses|44 m away
- SM3 8RF, High Street, Cheam, Sutton, SM3SM3 8RF14 Addresses|54 m away
- SM3 8QA, Park Road, Cheam, Sutton, SM3SM3 8QA6 Addresses|58 m away
Property Types
- 11 modern flats built after 1980
- 9 mid-century houses built between 1936 and 1979
- 1 house of an unknown age
- 3 early-century houses built between 1912 and 1935
- 2 early-century flats built between 1912 and 1935
- 5 other addresses of unknown type
- modern flat (11)
- mid-century house (9)
- house (1)
- early-century house (3)
- early-century flat (2)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 24 properties.
- The most common rating is C.
- A (0)
- E (2)
- B (0)
- F (0)
- C (16)
- G (0)
- D (6)
- No EPC (7)
Top 3 Most Expensive Sales
Schools Nearby
- St Dunstan's Cheam CofE Primary School400 m away
- Cheam Fields Primary Academy700 m away
- Cuddington Croft Primary School and Nursery1.0 km away
- Nonsuch High School for Girls700 m away
- Cheam High School900 m away
- Overton Grange School1.5 km away
More reading links
Public Transport Nearby
The closest station to SM3 8PY is Cheam station, which is 400 metres away.
- Cheam|400 m away
- West Sutton|1.1 km away
- Sutton (London)|1.7 km away
- Belmont|2.0 km away
