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SM2 is a postcode district in the SM (Sutton) postcode area, covering 8.2 km². Prices, sales and comparisons below are for homes sold in the twelve months to July 2026, from HM Land Registry sales matched to their energy certificate.
In the twelve months to July 2026, homes sold in SM2 (Belmont and South Sutton) went for a median £5,084 per square metre, -4.4% on the previous twelve months and +1.0% on five years earlier. The median price paid was £345,000, across 284 sales (404 in the twelve months before).
That is 8.0% below the median for the SM postcode area (£5,523) and 20.1% below London as a whole (£6,364), ranking SM2 192nd of 219 London postcode districts by price per square metre and 6th of 6 in SM. Closest in price across London: N18 Upper Edmonton (£5,102) and CR8 Purley and Kenley (£5,055).
67% of the homes sold were flats or maisonettes, the median home sold had 70 m² of floor space and 1% were new builds. Flats sold for a median £290,000 and houses for £775,000.
Of the 3 districts bordering SM2, 3 are dearer per square metre. The dearest is SM3 Cheam and North Cheam at £5,898 and the cheapest SM1 Sutton at £5,443.
| Median £/m² | 12-month change | |
|---|---|---|
| SM2 Belmont and South Sutton | £5,084 | -4.4% |
| Sutton (SM) | £5,523 | -0.5% |
| London | £6,364 | -2.9% |
Each point is the median price per square metre of the homes sold in the twelve months to that month. Months with fewer than 30 sales in SM2 are left blank.
| Period | 12 months to | Median £/m² | Change to latest |
|---|---|---|---|
| Latest | Jul 2026 | £5,084 | |
| One year earlier | Jul 2025 | £5,319 | -4.4% |
| Five years earlier | Jul 2021 | £5,034 | +1.0% |
| First in the series | Jan 1995 | £1,071 | +374.7% |
Land Registry sales in SM2 matched to the home's energy certificate, the sales every figure on this page is computed from.
SM2's Location Premium is -27.9%: in CityDataLab's factor model fitted to July 2026, an otherwise identical home (same size, type, age and energy rating) is priced 27.9% less per square metre in SM2 than in a district at the average London district price level.
The model measures a district's location by its median price per m² over the previous twelve months, in standard deviations across London's postcode districts. SM2 sits 0.94 standard deviations below the average district. The Location Premium is the part of a home's price per m² the model puts down to that location; the rest depends on the home itself and on the market as a whole. How each factor's Premium has moved · Price a home with the property calculator.
Districts that share a border with SM2, dearest first.
| District | Median £/m², 12 months | 12-month change | Median price paid | Sales, 12 months | Vs SM2 |
|---|---|---|---|---|---|
| SM3 Cheam and North Cheam | £5,898 | +0.1% | £550,000 | 163 | +16.0% |
| SM5 Carshalton | £5,809 | +1.7% | £450,000 | 318 | +14.3% |
| SM1 Sutton | £5,443 | +0.3% | £427,750 | 370 | +7.1% |
Prices are HM Land Registry price paid data for homes sold in SM2, each matched by address to its MHCLG energy performance certificate for the floor area. Price per m² is the price paid divided by that floor area; medians are taken over the twelve months to the month shown, and districts, their postcode area and London are always compared over the same twelve months. Sales without a matched certificate, and non-residential and "other" sales, are not counted. Neighbouring districts are those sharing a border on the postcode district maps by Wikipedia contributors (CC BY-SA 3.0). See how CityDataLab's factor model works.