Properties for sale in SM3
North Cheam
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- Price Paid By Year
- Property Type Price
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House Prices in SM3
Properties in SM3 have an average house price of £517,711.00 and had 935 Property Transactions within the last 3 years.
The most expensive property was sold for £1,427,000.00.
Property Price Paid in SM3 by Year
The average sold property price by year was:
| Year | Average Sold Price | Sold Properties |
|---|---|---|
| 2026 | £523,879.00 | 96 Properties |
| 2025 | £527,897.00 | 303 Properties |
| 2024 | £501,230.00 | 255 Properties |
| 2023 | £519,578.00 | 281 Properties |
| 2022 | £515,264.00 | 286 Properties |
| 2021 | £479,158.00 | 401 Properties |
| 2020 | £457,204.00 | 251 Properties |
| 2019 | £429,561.00 | 309 Properties |
| 2018 | £441,890.00 | 317 Properties |
| 2017 | £441,163.00 | 271 Properties |
| 2016 | £377,570.00 | 399 Properties |
| 2015 | £371,693.00 | 323 Properties |
| 2014 | £343,621.00 | 344 Properties |
| 2013 | £299,349.00 | 271 Properties |
| 2012 | £283,776.00 | 245 Properties |
| 2011 | £283,220.00 | 258 Properties |
| 2010 | £276,864.00 | 224 Properties |
| 2009 | £252,230.00 | 226 Properties |
| 2008 | £268,070.00 | 254 Properties |
| 2007 | £276,577.00 | 468 Properties |
| 2006 | £247,742.00 | 452 Properties |
| 2005 | £235,788.00 | 357 Properties |
| 2004 | £227,250.00 | 439 Properties |
| 2003 | £213,447.00 | 420 Properties |
| 2002 | £187,455.00 | 505 Properties |
| 2001 | £158,457.00 | 479 Properties |
| 2000 | £149,417.00 | 412 Properties |
| 1999 | £118,256.00 | 482 Properties |
| 1998 | £107,767.00 | 373 Properties |
| 1997 | £92,438.00 | 397 Properties |
| 1996 | £83,500.00 | 407 Properties |
| 1995 | £76,897.00 | 339 Properties |
Property Price per Property Type in SM3
Here you can find historic sold price data in order to help with your property search.
The average Property Paid Price for specific property types in the last three years are:
| Property Type | Average Sold Price | Sold Properties |
|---|---|---|
| Detached House | £765,313.00 | 22 Detached Houses |
| Flat | £313,467.00 | 249 Flats |
| Semi Detached House | £622,010.00 | 321 Semi Detached Houses |
| Terraced House | £552,492.00 | 343 Terraced Houses |
Houses and Flats for sale in SM3, North Cheam
There are 126 results. Property prices in SM3 range from £160k to £875k with an average price of £456k.
4 Bedrooms
2 Bathrooms
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Property market in SM3
What's for sale
142 homes · share, count and typical priceHow many bedrooms
share, count and typical pricePrice bands
142 homesHouses and flats compared
| Houses | Flats | |
|---|---|---|
| Share of homes for sale | 51% | 44% |
| Typical asking price | £580k | £325k |
| Average bedrooms | 3.1 | 1.8 |
| Typical time to sell | 9 weeks | 12 weeks |
| Gross rental yield | 5.5% | 6.5% |
Asking prices over time
typical asking price of the homes first listed each quarter · −4.5% since 2024 Q4Prices in and around SM3
typical asking price, cheapest firstSchools in SM3
5 primary · 3 secondary · 100% rated good or outstanding- Cheam High School secondary · Outstanding
- Cheam Park Farm Primary Academy primary · Outstanding
- St Cecilia's Catholic Primary School primary · Outstanding
- Glenthorne High School secondary · Good
- Nonsuch High School for Girls secondary · Good
- St Dunstan's Cheam CofE Primary School primary · Good
Based on 142 homes for sale on Houses now, 576 listings that left the market in the last 12 months, the asking prices of the homes listed over the last two years. Sold prices: HM Land Registry Price Paid Data, Aug 2025 to Jul 2026 (Crown copyright). Schools: Ofsted. Updated October 2026.
Frequently Asked Questions about SM3
What is the average house price in SM3?
The average home for sale in SM3 is priced at £470,000. A typical home, the one in the middle of the range, is £450,000. This is based on the 142 homes for sale on Houses right now.
How much does a 2 or 3 bedroom home cost in SM3?
A typical 2-bedroom home in SM3 costs £365,000 and a 3-bedroom home £560,000. So the extra bedroom adds about £195,000. 1-bedroom homes start at around £289,000, and 4-bedroom homes are about £713,000.
What price range should I expect in SM3?
Most homes in SM3 are priced between £162,000 and £859,000, leaving out the very cheapest and most expensive. One in five costs less than £300,000, and one in five £620,000 or more.
How many homes are for sale in SM3?
There are 126 homes for sale in SM3 on Houses right now, plus 15 already under offer. 42 new listings came onto the market in the last 30 days.
Are house prices going up in SM3?
No, they are falling. Homes put up for sale in SM3 over the last 12 months were advertised at a typical £525,000, 4.5% lower than the year before (£550,000). By size, 1-bedroom homes are down 2%, 2-bedroom homes are down 3% and 4-bedroom homes are up 8%.
How long does it take to sell a home in SM3?
Homes usually sell or come off the market within about 11 weeks. About 27% go within the first month, and a quarter take longer than about 5 months. Houses go faster, in about 9 weeks against about 12 weeks for flats.
What rental yield can I get in SM3?
About 6.5% gross for flats and 5.5% for houses. That compares typical rents with what flats and houses actually sold for in SM3 over the last year. Running costs, voids and mortgage interest are not taken off.
What type of homes are for sale in SM3?
Flats and apartments are the most common, about 4 in 10 homes for sale in SM3. Terraced houses come next, followed by semi-detached houses. Flats and apartments are the cheapest, at about £325,000, and semi-detached houses the most expensive, at about £600,000.
Where are the cheapest places to buy near SM3?
Of the areas around SM3, SM2 is the cheapest, with a typical asking price of £325,000, followed by SM1 (£350,000) and KT19 (£450,000). SM3 itself is £450,000.
Are homes in SM3 freehold or leasehold?
About 6 in 10 homes for sale in SM3 are freehold and the rest leasehold, which is mostly flats. There are 8 new-build homes on the market too.
What are the schools like in SM3?
There are 5 primary and 3 secondary schools in SM3. 100% of those inspected by Ofsted were rated good or outstanding, and 3 were outstanding.
Which areas are included in the SM3 postcode district?
The main area within SM3 is North Cheam.
What has been the average sold property price in SM3 over the last three years?
Terraced Houses in SM3 have an average sold price of £552,492, while Semi Detached Houses have an average of £622,010. Flats have an average of £313,467 and Detached Houses have an average of £765,313. The average sold property price in SM3 over the last three years is approximately £517,669.