SM3 8SR is a residential postcode situated on High Street, Cheam, Sutton, SM3 with 32 addresses.
It ranks as the 257th largest and 18th 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 32 properties: 32 flats.
SM3 8SR is a residential postcode situated on High Street, Cheam, Sutton, SM3 with 32 addresses.
It ranks as the 257th largest and 18th 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 32 properties: 32 flats.
Sale prices range from £209,393 for 2 bedroom leasehold flats with a balcony (462 ft2) to £358,479 for 3 bedroom leasehold flats with a balcony (1,205 ft2) .
Monthly rental prices range from £1,214 pcm for 2 bed flats to £1,943 pcm for 3 bed flats.
The gross rental yield is between 6.5% and 7.0%.
The average value per square foot is £362.
The last sale in SM3 8SR sold for £320,000 on 23rd April 2025. Since then prices are up an average of 17.0%.
The current average value in the postcode is £287,255.
The SM3 8SR Sales Market has increased by 6.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1% | £287,255 |
| April 2025 | 0.5% | £284,407 |
| April 2024 | -1.9% | £282,907 |
| April 2023 | 0.4% | £288,278 |
| April 2022 | 4.2% | £287,224 |
| April 2021 | 2.7% | £275,627 |
| April 2020 | 0.9% | £268,350 |
| April 2019 | -2.3% | £266,080 |
| April 2018 | -2.7% | £272,242 |
| April 2017 | 4% | £279,703 |
| April 2016 | 14.8% | £268,872 |
| April 2015 | 11.2% | £234,264 |
| April 2014 | 13.5% | £210,708 |
| April 2013 | 4.6% | £185,584 |
| April 2012 | 1.1% | £177,366 |
| April 2011 | -0.3% | £175,443 |
| April 2010 | 9.2% | £175,959 |
| April 2009 | -17% | £161,076 |
| April 2008 | 3.4% | £194,016 |
| April 2007 | 0% | £187,677 |
The current average rental value in the postcode is £1,588.
The SM3 8SR Rental Market has increased by 30.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.2% | £1,588pcm |
| April 2025 | 1.4% | £1,523pcm |
| April 2024 | 6.7% | £1,503pcm |
| April 2023 | 12.4% | £1,409pcm |
| April 2022 | 4.4% | £1,254pcm |
| April 2021 | 0.6% | £1,201pcm |
| April 2020 | 3.3% | £1,194pcm |
| April 2019 | 0.5% | £1,156pcm |
| April 2018 | -1.7% | £1,150pcm |
| April 2017 | -3.5% | £1,170pcm |
| April 2016 | 7.6% | £1,213pcm |
| April 2015 | 6.4% | £1,128pcm |
| April 2014 | 5.3% | £1,060pcm |
| April 2013 | 3.1% | £1,007pcm |
| April 2012 | 4.6% | £977pcm |
| April 2011 | 5% | £934pcm |
| April 2010 | 0.4% | £889pcm |
| April 2009 | -6.9% | £886pcm |
| April 2008 | 7% | £951pcm |
| April 2007 | 0% | £888pcm |
The last sale was on 23rd April 2025 for £320,000 and since then the market in the area has increased by 17.0%. The postcode has had a total of 16 sales since 1995.
SM3 8SR has seen 1 sale in the last three years and no sales in the last twelve months.
SM3 8SR is the 257th largest and the 18th most expensive postcode out of the 360 postcodes in the SM3 area.
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The closest station to SM3 8SR is Cheam station which is 400 metres away.
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