← Sutton (SM) · All London neighbourhoods
SM3 is a postcode district in the SM (Sutton) postcode area, covering 4.6 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 SM3 (Cheam and North Cheam) went for a median £5,898 per square metre, +0.1% on the previous twelve months and +8.5% on five years earlier. The median price paid was £550,000, across 163 sales (256 in the twelve months before).
That is 6.8% above the median for the SM postcode area (£5,523) and 7.3% below London as a whole (£6,364), ranking SM3 132nd of 219 London postcode districts by price per square metre and 2nd of 6 in SM. Closest in price across London: E15 Stratford (£5,933) and SE20 Penge and Anerley (£5,867).
14% of the homes sold were flats or maisonettes and the median home sold had 90 m² of floor space. Flats sold for a median £320,000 and houses for £561,255.
Of the 4 districts bordering SM3, 2 are dearer per square metre. The dearest is KT4 Worcester Park at £6,242 and the cheapest SM2 Belmont and South Sutton at £5,084.
| Median £/m² | 12-month change | |
|---|---|---|
| SM3 Cheam and North Cheam | £5,898 | +0.1% |
| 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 SM3 are left blank.
| Period | 12 months to | Median £/m² | Change to latest |
|---|---|---|---|
| Latest | Jul 2026 | £5,898 | |
| One year earlier | Jul 2025 | £5,891 | +0.1% |
| Five years earlier | Jul 2021 | £5,436 | +8.5% |
| First in the series | Mar 1995 | £937 | +529.5% |
Land Registry sales in SM3 matched to the home's energy certificate, the sales every figure on this page is computed from.
SM3's Location Premium is -19.3%: in CityDataLab's factor model fitted to July 2026, an otherwise identical home (same size, type, age and energy rating) is priced 19.3% less per square metre in SM3 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. SM3 sits 0.61 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 SM3, dearest first.
| District | Median £/m², 12 months | 12-month change | Median price paid | Sales, 12 months | Vs SM3 |
|---|---|---|---|---|---|
| KT4 Worcester Park | £6,242 | +1.0% | £550,000 | 214 | +5.8% |
| SM4 Morden | £6,150 | -1.2% | £485,000 | 251 | +4.3% |
| SM1 Sutton | £5,443 | +0.3% | £427,750 | 370 | -7.7% |
| SM2 Belmont and South Sutton | £5,084 | -4.4% | £345,000 | 284 | -13.8% |
Prices are HM Land Registry price paid data for homes sold in SM3, 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.