Key indicators for buyers
The SM3 market is moderately favourable for buyers. Prices have softened (-15.6%), which could present a buying opportunity. Affordability has improved from a peak of 13.8x in 2021 to 11.4x today. Rising rents (£1,544/mo, +2.7%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Sutton area
A home in Sutton costs 11.4x the local median salary — very stretched, improving from a peak of 13.8x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Sutton area
Average monthly rent in Sutton is £1,544, up 2.7% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Sutton price of £441,400 with a 25% deposit (£110k), a 2-year fixed mortgage at 3.97% costs around £1,742 per month.
Monthly cost comparison based on current data
Uses SM3 avg. price with Sutton rental data
Monthly mortgage payments (£1,742) are £198 more than renting (£1,544). However, buying requires an upfront deposit of £110k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
177, HENLEY AVENUE, CHEAM SM3 9SD | Terraced | £490,000 | 26 Jan 2026 |
81, EGHAM CRESCENT, CHEAM SM3 9AP | Terraced | £585,000 | 21 Jan 2026 |
1, OAKDENE MEWS SM3 9LE | Terraced | £350,000 | 15 Jan 2026 |
4A, WILLOW WALK SM3 9QQ | Flat/Maisonette | £240,000 | 9 Jan 2026 |
23, FIELDSEND ROAD, CHEAM SM3 8PA | Semi-detached | £542,000 | 7 Jan 2026 |
FLAT 2, CORNERCROFT, 2, WICKHAM AVENUE, CHEAM SM3 8DT | Flat/Maisonette | £325,000 | 19 Dec 2025 |
47, PRIORY CRESCENT, CHEAM SM3 8LR | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in SM3 sold for £441,400 in 2026, with a median of £490,000 across 5 transactions. Prices fell 15.6% compared to the previous year.
| £510,000 |
| 19 Dec 2025 |
47, CHATSWORTH ROAD, CHEAM SM3 8PL | Terraced | £565,000 | 19 Dec 2025 |
85, ABBOTTS ROAD, CHEAM SM3 9ST | Semi-detached | £564,300 | 18 Dec 2025 |
162, MATLOCK CRESCENT, CHEAM SM3 9SZ | Terraced | £525,000 | 18 Dec 2025 |
28, CHELSEA GARDENS, CHEAM SM3 9TN | Flat/Maisonette | £305,000 | 12 Dec 2025 |
77, BROCKS DRIVE, CHEAM SM3 9UW | Terraced | £520,000 | 12 Dec 2025 |
18, RIDGE ROAD SM3 9LJ | Semi-detached | £592,500 | 10 Dec 2025 |
90, MATLOCK CRESCENT, CHEAM SM3 9SN | Terraced | £695,000 | 10 Dec 2025 |
81, HENLEY AVENUE, CHEAM SM3 9SE | Terraced | £585,904 | 8 Dec 2025 |
30, MATLOCK CRESCENT, CHEAM SM3 9SP | Terraced | £590,000 | 1 Dec 2025 |
217, CHURCH HILL ROAD, CHEAM SM3 8NG | Semi-detached | £700,000 | 28 Nov 2025 |
158, BROCKS DRIVE, CHEAM SM3 9UT | Terraced | £475,000 | 28 Nov 2025 |
1, TONFIELD ROAD SM3 9JP | Semi-detached | £555,000 | 28 Nov 2025 |
201, RIDGE ROAD SM3 9LS | Semi-detached | £630,000 | 21 Nov 2025 |
The most recent recorded sale in SM3 was a terraced property on Henley Avenue for £490,000 in January 2026. Across the last 20 sales, the median price was £555,000.