SM3 house prices and areas
SM3 covers Cheam in London (Sutton). Here is what homes actually sold for: every standard sale HM Land Registry recorded from January 2025 to September 2026.
Prices by property type
Medians are shown where there were at least 10 sales of that type.
15 sales
151 sales
155 sales
93 sales
Sales by year
| Year | Sales | Median |
|---|---|---|
| 2025 | 284 | £550,000 |
| 2026 (so far) | 130 | £543,475 |
A part-year and a small mix shift (say, more flats sold this year) can move a median without any change in what homes are worth, so treat year-to-year differences with care.
New builds and leasehold
0% of SM3 sales were new builds and 23.9% were leasehold. Most sales here were freehold, which usually means houses.
Areas in SM3
Nearby postcodes
Questions about SM3
What is the average house price in SM3?
The median sale price in SM3 was £550,000 across 414 recorded sales from January 2025 to September 2026 (HM Land Registry). Half of sales were between £422,500 and £640,000.
Which areas are in the SM3 postcode?
Boroughly's area guides in SM3 cover Cheam. Postcode districts don't follow neighbourhood names exactly, so a street can sit in SM3 but feel part of a neighbouring area.
What type of property sells most in SM3?
Terraced homes were the most common sale (155 of 414). Flats had the lowest median, at £310,000. 23.9% of sales were leasehold and 0% were new builds.