SM3 8RL is a residential postcode situated on High Street, Cheam, Sutton, SM3 with 2 addresses.
It ranks as the 13th largest and 67th 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 2 properties: 2 flats.
SM3 8RL is a residential postcode situated on High Street, Cheam, Sutton, SM3 with 2 addresses.
It ranks as the 13th largest and 67th 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 2 properties: 2 flats.
Sale prices range from £351,716 for 3 bedroom leasehold flats with a garden (1,184 ft2) to £351,716 for 3 bedroom leasehold flats with a garden (1,184 ft2) .
Monthly rental prices range from £1,837 pcm for 3 bed flats to £1,837 pcm for 3 bed flats.
The gross rental yield is between 6.3% and 6.3%.
The average value per square foot is £369.
The last sale in SM3 8RL sold for £138,000 on 19th August 2002. Since then prices are down an average of 0.0%.
The current average value in the postcode is £351,716.
The SM3 8RL Sales Market has increased by 9.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.4% | £351,716 |
| April 2025 | 1.3% | £350,289 |
| April 2024 | -2% | £345,847 |
| April 2023 | 0.4% | £352,855 |
| April 2022 | 5.2% | £351,567 |
| April 2021 | 2.6% | £334,036 |
| April 2020 | 2.1% | £325,699 |
| April 2019 | -0.6% | £318,845 |
| April 2018 | -3.4% | £320,928 |
| April 2017 | 3.5% | £332,241 |
| April 2016 | 13.6% | £321,020 |
| April 2015 | 11.6% | £282,539 |
| April 2014 | 12.9% | £253,188 |
| April 2013 | 5.5% | £224,317 |
| April 2012 | 2% | £212,669 |
| April 2011 | 1.4% | £208,562 |
| April 2010 | 10.2% | £205,777 |
| April 2009 | -17.4% | £186,780 |
| April 2008 | 3.4% | £226,130 |
| April 2007 | 0% | £218,611 |
The current average rental value in the postcode is £1,837.
The SM3 8RL Rental Market has increased by 34.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.6% | £1,837pcm |
| April 2025 | 2.1% | £1,773pcm |
| April 2024 | 6.5% | £1,736pcm |
| April 2023 | 12.4% | £1,629pcm |
| April 2022 | 5.4% | £1,450pcm |
| April 2021 | 0.5% | £1,376pcm |
| April 2020 | 4.6% | £1,369pcm |
| April 2019 | 2.2% | £1,309pcm |
| April 2018 | -2.5% | £1,281pcm |
| April 2017 | -4% | £1,314pcm |
| April 2016 | 6.5% | £1,369pcm |
| April 2015 | 6.7% | £1,285pcm |
| April 2014 | 4.7% | £1,204pcm |
| April 2013 | 4% | £1,150pcm |
| April 2012 | 5.5% | £1,107pcm |
| April 2011 | 6.7% | £1,049pcm |
| April 2010 | 1.3% | £983pcm |
| April 2009 | -7.3% | £970pcm |
| April 2008 | 7.1% | £1,047pcm |
| April 2007 | 0% | £978pcm |
The last sale was on 19th August 2002 for £138,000 and since then the market in the area has remained stable. The postcode has had a total of 2 sales since 1995.
SM3 8RL has seen no sales in the last three years and no sales in the last twelve months.
SM3 8RL is the 13th largest and the 67th most expensive postcode out of the 360 postcodes in the SM3 area.
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The closest station to SM3 8RL is Cheam station which is 300 metres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around SM3 8RL, % of property is and % is .
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around SM3 8RL, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around SM3 8RL, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around SM3 8RL, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.