Station Way - SM3 8SP
Key Postcode Insights
SM3 8SP is a residential postcode situated on Station Way, Cheam, Sutton, SM3 with 19 addresses.
It ranks as the 127th largest and 33rd most expensive of the 358 postcodes in the SM3 area. The most common property type is a early-century flat built between 1912 and 1935.
The postcode contains a total of 19 properties: 18 flats and 1 other property.
- Ave. Sale Price
- £301,622
- 10 Year change
- up 4.1%
- Ave. Rental Price
- £1,636pcm
- 10 Year change
- up 30.9%
- Ave. £ per ft²
- £513/ft²
- Ave. Gross Yield
- 6.5%/year/yr
Key Postcode Insights
SM3 8SP is a residential postcode situated on Station Way, Cheam, Sutton, SM3 with 19 addresses.
It ranks as the 127th largest and 33rd most expensive of the 358 postcodes in the SM3 area. The most common property type is a early-century flat built between 1912 and 1935.
The postcode contains a total of 19 properties: 18 flats and 1 other property.
- Ave. Sale Price
- £301,622
- 10 Year change
- up 4.1%
- Ave. Rental Price
- £1,636pcm
- 10 Year change
- up 30.9%
- Ave. £ per ft²
- £513/ft²
- Ave. Gross Yield
- 6.5%/year/yr
Explore Propertiesin SM3 8SP
Sales Market Trends
The last sale in SM3 8SP sold for £790,000 on 19th January 2023. Since then prices are down an average of 0.0%.
The current average value in the postcode is £301,622.
The SM3 8SP Sales Market has increased by 4.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.4% | £301,622 |
| June 2025 | -0.4% | £302,867 |
| June 2024 | -1.6% | £303,981 |
| June 2023 | -0.9% | £309,009 |
| June 2022 | 5.3% | £311,906 |
| June 2021 | 2.5% | £296,175 |
| June 2020 | 1.7% | £289,043 |
| June 2019 | -0.1% | £284,278 |
| June 2018 | -3.6% | £284,681 |
| June 2017 | 1.8% | £295,170 |
| June 2016 | 13.8% | £289,832 |
| June 2015 | 9.2% | £254,751 |
| June 2014 | 16% | £233,187 |
| June 2013 | 5.7% | £201,073 |
| June 2012 | 2.4% | £190,236 |
| June 2011 | -1.3% | £185,692 |
| June 2010 | 12.2% | £188,129 |
| June 2009 | -14.7% | £167,681 |
| June 2008 | -2% | £196,666 |
| June 2007 | 0% | £200,624 |
Rental Market Trends
The current average rental value in the postcode is £1,636.
The SM3 8SP Rental Market has increased by 30.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.4% | £1,636pcm |
| June 2025 | 0.5% | £1,582pcm |
| June 2024 | 6% | £1,574pcm |
| June 2023 | 12.2% | £1,485pcm |
| June 2022 | 6.6% | £1,323pcm |
| June 2021 | 0.2% | £1,241pcm |
| June 2020 | 3% | £1,238pcm |
| June 2019 | 2.9% | £1,202pcm |
| June 2018 | -1.6% | £1,168pcm |
| June 2017 | -5% | £1,188pcm |
| June 2016 | 6% | £1,250pcm |
| June 2015 | 5.8% | £1,179pcm |
| June 2014 | 5.9% | £1,114pcm |
| June 2013 | 3.6% | £1,052pcm |
| June 2012 | 5% | £1,015pcm |
| June 2011 | 5.4% | £966pcm |
| June 2010 | 3.6% | £917pcm |
| June 2009 | -8.4% | £885pcm |
| June 2008 | 6.6% | £967pcm |
| June 2007 | 0% | £907pcm |
Sales History
The last sale was on 19th January 2023 for £790,000 and since then the market in the area has remained stable. The postcode has had a total of 5 sales since 1995.
SM3 8SP has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Jan 2023£790,000 | 3 Bed FlatFlat 5, Cheam Court, Station Way, Sutton, SM3 8SPFlat 5, Cheam Court, Station Way, Sutton, SM3 8SP
- Sold Apr 2003£165,000 | 3 Bed FlatFlat 4, Cheam Court, Station Way, Sutton, SM3 8SPFlat 4, Cheam Court, Station Way, Sutton, SM3 8SP
- Sold Feb 2003£199,950 | 2 Bed FlatFlat 7, Cheam Court, Station Way, Sutton, SM3 8SPFlat 7, Cheam Court, Station Way, Sutton, SM3 8SP
- Sold Jan 2003£305,000 | 2 Bed FlatFlat 2, 9 Cheam Court , Station Way, Sutton, SM3 8SPFlat 2, 9 Cheam Court , Station Way, Sutton, SM3 8SP
- Sold Jan 2002£185,000 | 2 Bed FlatFlat 7, Cheam Court, Station Way, Sutton, SM3 8SPFlat 7, Cheam Court, Station Way, Sutton, SM3 8SP
Nearby Postcodes
SM3 8SP is the 127th largest and the 33rd most expensive postcode out of the 358 postcodes in the SM3 area.
- SM3 8RL, High Street, Cheam, Sutton, SM3SM3 8RL2 Addresses|36 m away
- SM3 8SW, Station Way, Cheam, Sutton, SM3SM3 8SW30 Addresses|48 m away
- SM3 8BZ, Ewell Road, Cheam, Sutton, SM3SM3 8BZ37 Addresses|60 m away
- SM3 8RJ, High Street, Cheam, Sutton, SM3SM3 8RJ5 Addresses|65 m away
- SM3 8RQ, High Street, Cheam, Sutton, SM3SM3 8RQ2 Addresses|78 m away
Property Types
- 3 modern flats built after 1980
- 16 early-century flats built between 1912 and 1935
- modern flat (3)
- early-century flat (16)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 16 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (2)
- F (0)
- C (8)
- G (0)
- D (5)
- No EPC (2)
Top 3 Most Expensive Sales
- Sold Oct 2020£1,080,000 | 3 Bed FlatFlat 14, Century House, Station Way, Sutton, SM3 8SWFlat 14, Century House, Station Way, Sutton, SM3 8SW
- Sold Jan 2023£790,000 | 3 Bed FlatFlat 5, Cheam Court, Station Way, Sutton, SM3 8SPFlat 5, Cheam Court, Station Way, Sutton, SM3 8SP
- Sold Nov 2022£585,000 | 3 Bed FlatFlat 19, Century House, Station Way, Sutton, SM3 8SWFlat 19, Century House, Station Way, Sutton, SM3 8SW
Schools Nearby
- St Dunstan's Cheam CofE Primary School200 m away
- Cuddington Croft Primary School and Nursery800 m away
- Cheam Fields Primary Academy900 m away
- Nonsuch High School for Girls600 m away
- Cheam High School1.0 km away
- Overton Grange School1.5 km away
More reading links
Public Transport Nearby
The closest station to SM3 8SP is Cheam station, which is 300 metres away.
- Cheam|300 m away
- West Sutton|1.3 km away
- Sutton (London)|1.8 km away
- Belmont|1.9 km away