Cheam Way - SO40 3PL
Key Postcode Insights
SO40 3PL is a residential postcode situated on Cheam Way, Totton, Southampton, SO40 with 14 addresses.
It ranks as the 430th largest and 79th most expensive of the 974 postcodes in the SO40 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 14 properties: 14 houses.
- Ave. Sale Price
- £213,362
- 10 Year change
- up 26.7%
- Ave. Rental Price
- £1,266pcm
- 10 Year change
- up 58.6%
- Ave. £ per ft²
- £270/ft²
- Ave. Gross Yield
- 7.1%/year/yr
Key Postcode Insights
SO40 3PL is a residential postcode situated on Cheam Way, Totton, Southampton, SO40 with 14 addresses.
It ranks as the 430th largest and 79th most expensive of the 974 postcodes in the SO40 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 14 properties: 14 houses.
- Ave. Sale Price
- £213,362
- 10 Year change
- up 26.7%
- Ave. Rental Price
- £1,266pcm
- 10 Year change
- up 58.6%
- Ave. £ per ft²
- £270/ft²
- Ave. Gross Yield
- 7.1%/year/yr
Explore Propertiesin SO40 3PL
- 18 Cheam Way
3 Bed Early-century House
- 20 Cheam Way
3 Bed Early-century House
- 22 Cheam Way
3 Bed Early-century House
- 24 Cheam Way
5 Bed Early-century House
- 26 Cheam Way
3 Bed Early-century House
Sales Market Trends
The last sale in SO40 3PL sold for £220,000 on 15th October 2024. Since then prices are down an average of 1.6%.
The current average value in the postcode is £213,362.
The SO40 3PL Sales Market has increased by 26.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.1% | £213,362 |
| June 2025 | 0.2% | £220,241 |
| June 2024 | -0.6% | £219,725 |
| June 2023 | -0.7% | £220,987 |
| June 2022 | 12.8% | £222,493 |
| June 2021 | 7.1% | £197,314 |
| June 2020 | 0.7% | £184,310 |
| June 2019 | 0.1% | £182,984 |
| June 2018 | 4.1% | £182,851 |
| June 2017 | 4.3% | £175,691 |
| June 2016 | 9% | £168,451 |
| June 2015 | 8.6% | £154,580 |
| June 2014 | 7.3% | £142,362 |
| June 2013 | 0.7% | £132,637 |
| June 2012 | 2.4% | £131,728 |
| June 2011 | 1.3% | £128,598 |
| June 2010 | 9.1% | £126,954 |
| June 2009 | -9% | £116,354 |
| June 2008 | -4.6% | £127,815 |
| June 2007 | 0% | £133,956 |
Rental Market Trends
The current average rental value in the postcode is £1,266.
The SO40 3PL Rental Market has increased by 58.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.7% | £1,266pcm |
| June 2025 | 5.1% | £1,220pcm |
| June 2024 | 7% | £1,161pcm |
| June 2023 | 9.4% | £1,085pcm |
| June 2022 | 11.7% | £992pcm |
| June 2021 | 5.4% | £888pcm |
| June 2020 | 1.3% | £843pcm |
| June 2019 | 1.9% | £832pcm |
| June 2018 | 1.9% | £817pcm |
| June 2017 | 0.5% | £802pcm |
| June 2016 | 4.1% | £798pcm |
| June 2015 | 4.2% | £766pcm |
| June 2014 | 4.3% | £736pcm |
| June 2013 | 2.1% | £705pcm |
| June 2012 | 1% | £691pcm |
| June 2011 | 2.4% | £684pcm |
| June 2010 | 7.9% | £668pcm |
| June 2009 | -2.5% | £619pcm |
| June 2008 | 2.1% | £635pcm |
| June 2007 | 0% | £622pcm |
Sales History
The last sale was on 15th October 2024 for £220,000 and since then the market in the area has decreased by 1.6%. The postcode has had a total of 15 sales since 1995.
SO40 3PL has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Oct 2024£220,000 | 5 Bed House24, Cheam Way, Southampton, SO40 3PL24, Cheam Way, Southampton, SO40 3PL
- Sold Sep 2021£245,000 | 3 Bed House40, Cheam Way, Southampton, SO40 3PL40, Cheam Way, Southampton, SO40 3PL
- Sold Jul 2020£270,000 | 3 Bed House18, Cheam Way, Southampton, SO40 3PL18, Cheam Way, Southampton, SO40 3PL
- Sold Apr 2015£168,000 | 3 Bed House26, Cheam Way, Southampton, SO40 3PL26, Cheam Way, Southampton, SO40 3PL
- Sold Nov 2014£165,000 | 3 Bed House40, Cheam Way, Southampton, SO40 3PL40, Cheam Way, Southampton, SO40 3PL
Nearby Postcodes
SO40 3PL is the 430th largest and the 79th most expensive postcode out of the 974 postcodes in the SO40 area.
- SO40 3PJ, Cheam Way, Totton, Southampton, SO40SO40 3PJ24 Addresses|55 m away
- SO40 2QA, Rothbury Close, Totton, Southampton, SO40SO40 2QA22 Addresses|69 m away
- SO40 3PN, Cheam Way, Totton, Southampton, SO40SO40 3PN8 Addresses|92 m away
- SO40 2QZ, Honeywood Close, Totton, Southampton, SO40SO40 2QZ34 Addresses|95 m away
- SO40 2QB, Charnwood Close, Totton, Southampton, SO40SO40 2QB15 Addresses|146 m away
Property Types
- 2 mid-century houses built between 1936 and 1979
- 7 early-century houses built between 1912 and 1935
- 5 other addresses of unknown type
- mid-century house (2)
- early-century house (7)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 9 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (0)
- C (4)
- G (0)
- D (4)
- No EPC (5)
Top 3 Most Expensive Sales
- Sold Dec 2025£340,000 | 3 Bed House16, Cheam Way, Southampton, SO40 3PN16, Cheam Way, Southampton, SO40 3PN
- Sold Jun 2021£305,000 | 3 Bed House16, Cheam Way, Southampton, SO40 3PN16, Cheam Way, Southampton, SO40 3PN
- Sold Oct 2020£302,500 | 4 Bed House4, Cheam Way, Southampton, SO40 3PN4, Cheam Way, Southampton, SO40 3PN
Schools Nearby
- Oakfield Academy300 m away
- Calmore Infant School700 m away
- Calmore Junior School700 m away
- Testwood School900 m away
- Hounsdown School2.5 km away
- Redbridge Community School2.7 km away
More reading links
Public Transport Nearby
The closest station to SO40 3PL is Totton station, which is 1.8 kilometres away.
- Totton|1.8 km away
- Redbridge|2.5 km away
- Ashurst New Forest|4.3 km away
- Millbrook (Hants)|5.2 km away
