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House Prices in SM3

The average house price in SM3 (Sutton) is £424,214 using HM Land Registry data.

The average property price increased by £133,406 (15.05%) over the last 5 years and increased by £26,730 (2.45%) over the last 12 months.

Over the last year, there were 166 residential property sales – a decrease of 86 transactions (-51.81%) relative to the previous year. The majority of house sales (51) were in the £484,000 - £566,000 range. Then came properties in the £566,000 - £648,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 54 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-20,146 (-3%).

In Oct 24, there were 36 new estate agency instructions, 40 agreed home sales and 34 property price reductions.

5-Year Average Property Prices in SM3 (Sutton)

15.05%

Property prices in Sutton increased by 15.05% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SM3 (Sutton) Over the Last Year

2.45%

Property prices in Sutton increased by 2.45% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for SM3 (Sutton) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SM3 (Sutton)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SM3 (Sutton)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SM3 (Sutton)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SM3 (Sutton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SM3 postcode area since 1995.

Recent Sales in SM3 (Sutton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
4 Chartwell Gardens, Cheam, Sutton, Greater London, SM3 9TQ	£475,000	£475,000	£00	11 Jun 2024	27 Aug 2024	77 Days
458a, London Road, Cheam, Sutton, Greater London, SM3 8JB	£350,000	£317,800	-£32,200	11 Apr 2024	16 Aug 2024	127 Days
27 Matlock Crescent, Cheam, Sutton, Greater London, SM3 9SS	£685,000	£680,000	-£5,000	20 Nov 2023	24 Jun 2024	217 Days
52 Priory Avenue, Cheam, Sutton, Greater London, SM3 8LX	£625,000	£625,000	£00	15 Jan 2024	03 Jun 2024	140 Days
Flat 11, Farriers Court, Forge Lane, Cheam, Sutton, Greater London, SM3 8SN	£360,000	£345,000	-£15,000	04 Sep 2023	23 May 2024	262 Days
3 Henley Avenue, Cheam, Sutton, Greater London, SM3 9SQ	£550,000	£550,000	£00	21 Nov 2023	17 May 2024	178 Days
20 Tonfield Road, Sutton, Greater London, SM3 9JP	£525,000	£500,000	-£25,000	07 Feb 2024	24 Apr 2024	77 Days
26 Woodstock Rise, Sutton, Greater London, SM3 9JE	£525,000	£520,000	-£5,000	08 Jan 2024	17 Apr 2024	100 Days
4 Kingsdown Road, Cheam, Sutton, Greater London, SM3 8NY	£525,000	£525,000	£00	12 Oct 2023	12 Apr 2024	183 Days
194 Hamilton Avenue, Cheam, Sutton, Greater London, SM3 9DT	£560,000	£545,000	-£15,000	27 Sep 2023	28 Mar 2024	183 Days
29 Park Lane, Cheam, Sutton, Greater London, SM3 8BN	£850,000	£785,000	-£65,000	10 May 2023	28 Mar 2024	323 Days
3 St Margarets Avenue, Cheam, Sutton, Greater London, SM3 9TU	£725,000	£720,000	-£5,000	26 Oct 2023	27 Mar 2024	153 Days
26 The Close, Sutton, Greater London, SM3 9EQ	£550,000	£535,000	-£15,000	06 Dec 2023	26 Mar 2024	111 Days
51 Tonfield Road, Sutton, Greater London, SM3 9JP	£625,000	£595,000	-£30,000	22 Aug 2023	26 Mar 2024	217 Days
15 Kingsdown Road, Cheam, Sutton, Greater London, SM3 8NZ	£625,000	£620,000	-£5,000	18 Oct 2023	22 Mar 2024	156 Days
44 Morden Way, Sutton, Greater London, SM3 9PH	£640,000	£620,000	-£20,000	12 Aug 2023	19 Mar 2024	220 Days
330 Gander Green Lane, Cheam, Sutton, Greater London, SM3 9QZ	£675,000	£670,000	-£5,000	23 Sep 2023	14 Mar 2024	173 Days
50 Wordsworth Drive, Cheam, Sutton, Greater London, SM3 8HF	£650,000	£620,000	-£30,000	13 Jun 2023	07 Mar 2024	268 Days
38 Tonfield Road, Sutton, Greater London, SM3 9JP	£530,000	£510,000	-£20,000	19 Jun 2023	04 Mar 2024	259 Days
362 Gander Green Lane, Cheam, Sutton, Greater London, SM3 9QZ	£500,000	£500,000	£00	27 Oct 2023	29 Feb 2024	125 Days

Most Expensive Streets in SM3 (Sutton)

Postcode	Street	Area	Average	No. of Sales
SM3 8DE	Anne Boleyns Walk	Sutton	£980,000	3
SM3 8RU	Tabor Gardens	Sutton	£873,800	5
SM3 8EB	Wickham Avenue	Sutton	£842,750	4
SM3 8DF	Anne Boleyns Walk	Sutton	£836,000	5
SM3 8EE	Newbolt Avenue	Sutton	£826,611	9
SM3 8EA	Wickham Avenue	Sutton	£823,750	4
SM3 8DU	Wickham Avenue	Sutton	£781,250	4
SM3 8QT	Tudor Close	Sutton	£762,500	4
SM3 8DX	Wickham Avenue	Sutton	£756,000	5
SM3 8LT	Priory Crescent, Cheam	Sutton	£753,833	3

Least Expensive Streets in SM3 (Sutton)

Postcode	Street	Area	Average	No. of Sales
SM3 9AA	London Road, Cheam	Sutton	£171,666	3
SM3 8HJ	Sidmouth Court, Wordsworth Drive	Sutton	£185,125	4
SM3 8BD	The Broadway, Cheam	Sutton	£238,125	4
SM3 8HH	Wordsworth Drive	Sutton	£245,500	16
SM3 9DF	London Road, Cheam	Sutton	£247,750	8
SM3 9BN	London Road, Cheam	Sutton	£258,078	19
SM3 9HU	Stonecot Hill	Sutton	£260,666	3
SM3 8RJ	Sheldon Court, High Street, Cheam	Sutton	£271,666	3
SM3 9RQ	Warner Court, Warner Avenue	Sutton	£276,000	3
SM3 9ED	Westbourne Court, Westbourne Avenue	Sutton	£283,900	5