SM3 8RT is a residential postcode situated on High Street, Cheam, Sutton, SM3 with 39 addresses.
It ranks as the 299th largest and 57th 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 39 properties: 39 flats.
SM3 8RT is a residential postcode situated on High Street, Cheam, Sutton, SM3 with 39 addresses.
It ranks as the 299th largest and 57th 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 39 properties: 39 flats.
Sale prices range from £290,842 for 2 bedroom leasehold flats (656 ft2) to £394,063 for 3 bedroom leasehold flats (1,108 ft2) .
Monthly rental prices range from £1,506 pcm for 2 bed flats to £1,979 pcm for 3 bed flats.
The gross rental yield is between 6.0% and 6.3%.
The average value per square foot is £422.
The last sale in SM3 8RT sold for £338,000 on 28th February 2025. Since then prices have on average remained the same.
The current average value in the postcode is £335,481.
The SM3 8RT Sales Market has increased by 6.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.3% | £335,481 |
| April 2025 | 0.6% | £334,612 |
| April 2024 | -2.3% | £332,496 |
| April 2023 | 0.1% | £340,150 |
| April 2022 | 5.3% | £339,664 |
| April 2021 | 2.2% | £322,657 |
| April 2020 | 1.7% | £315,596 |
| April 2019 | -1% | £310,395 |
| April 2018 | -3.6% | £313,658 |
| April 2017 | 3.2% | £325,386 |
| April 2016 | 13.5% | £315,248 |
| April 2015 | 11.6% | £277,648 |
| April 2014 | 13.1% | £248,678 |
| April 2013 | 5.7% | £219,883 |
| April 2012 | 2.1% | £208,034 |
| April 2011 | 1% | £203,726 |
| April 2010 | 10.5% | £201,709 |
| April 2009 | -17.4% | £182,518 |
| April 2008 | 3.5% | £221,070 |
| April 2007 | 0% | £213,512 |
The current average rental value in the postcode is £1,712.
The SM3 8RT Rental Market has increased by 30.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.4% | £1,712pcm |
| April 2025 | 1.5% | £1,655pcm |
| April 2024 | 6.3% | £1,631pcm |
| April 2023 | 12.1% | £1,535pcm |
| April 2022 | 5.4% | £1,369pcm |
| April 2021 | 0.2% | £1,299pcm |
| April 2020 | 4.2% | £1,297pcm |
| April 2019 | 1.7% | £1,245pcm |
| April 2018 | -2.7% | £1,224pcm |
| April 2017 | -4.3% | £1,257pcm |
| April 2016 | 6.4% | £1,314pcm |
| April 2015 | 6.8% | £1,234pcm |
| April 2014 | 4.9% | £1,156pcm |
| April 2013 | 4.2% | £1,102pcm |
| April 2012 | 5.7% | £1,058pcm |
| April 2011 | 6.4% | £1,001pcm |
| April 2010 | 1.6% | £941pcm |
| April 2009 | -7.4% | £927pcm |
| April 2008 | 7.2% | £1,001pcm |
| April 2007 | 0% | £933pcm |
The last sale was on 28th February 2025 for £338,000 and since then the market in the area has remained stable. The postcode has had a total of 38 sales since 1995.
SM3 8RT has seen 7 sales in the last three years and no sales in the last twelve months.
SM3 8RT is the 299th largest and the 57th most expensive postcode out of the 360 postcodes in the SM3 area.
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The closest station to SM3 8RT is Cheam station which is 300 metres away.
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