What is the median house price in SM2?

Homes in SM2 sold for a median £499,821 over the 12 months to Apr 2026, 246 sales. Per square metre that is £5,380/m². Registered completions, not asking prices.

What is the average rent in SM2?

Homes to let in SM2 asked a median £1,849 a month over the 12 months to Jul 2026, 401 lets. Asking rent, not the rent agreed.

What is the gross rental yield in SM2?

5.5% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Aug 2026, 833 lets. +3% on the previous 12 months.

How quickly do homes sell in SM2?

2.3% of the homes in SM2 changed hands over the 12 months to Jan 2026, 304 sales.

Postcode district

SM2 property market

Sold £5,380/m² · Median sold £499,821 (246 sales) · Index -1.9% y/y · Turnover 2.3% · 12 months, sales to Apr 2026, listings to Aug 2026

What is SM2?

Buildings: 1,321
Mixed-use buildings: 53%
HMO-shaped units: 3.5%

What does SM2 cost?

SM2: sold price per m² £5,380/m² (12 months to Apr 2026, 246 sales). -1.9% over the year to Dec 2025 by the house price index, which follows the same homes over time.

Sold price per m²

£5,380/m² 12 months to Apr 2026

246 sales

-1.9% over the year to Dec 2025 by the house price index, which follows the same homes over time.

Sold price

£499,821 12 months to Apr 2026

246 sales

-1.9% over the year to Dec 2025 by the house price index, which follows the same homes over time.

Sample is the matched completed sales behind the latest month. A month in which this cohort recorded no sale of its own carries the parent area's price rather than a measurement, and is not published with no sample.

Asking price

£358,838 12 months to Aug 2026

1,140 listings

-0.6% on the previous 12 months.

Sample is the dated listings that came to market in the latest month (added and reduced cohorts).

Sold price per m²: £4,729/m² in Jul 2016 to £4,801/m² in Jul 2026.

Sold price: £413,447 in Jul 2016 to £416,772 in Jul 2026.

Asking price: £385,000 in Jan 2022 to £315,000 in Aug 2026.

Asking price per m²: £5,189/m² in Aug 2025 to £5,231/m² in Jul 2026.

Asking to sold: 95% in Feb 2022 to 98% in Oct 2024.

Settled months to Dec 2025; the dashed tail is the pipeline's projection of the index 12 months ahead, inside its 80% band. A projection of the index, not a forecast of any home's price.

ObservedForecast with intervalIndex points, not property prices

Asking price index: 103.9 in Jan 2022 to 96.4 in Aug 2026.

What does SM2 earn?

SM2: asking rent £1,849 a month (12 months to Jul 2026, 401 lets).

Asking rent

£1,849 a month 12 months to Jul 2026

401 lets

Gross yield, asking basis

5.5% 12 months to Aug 2026

833 lets

+3% on the previous 12 months.

Sample is the dated lettings behind the latest month's rent cell.

Asking rent: £1,829 pcm in Aug 2025 to £2,137 pcm in Jul 2026.

Gross yield, asking basis: 4.1% in Jan 2022 to 6.6% in Aug 2026.

How does SM2 vary by home size?

Asking price in SM2 runs from £217,341 for 1 bedroom to £1,434,392 for 5+ bedrooms.

Asking price by bedroom band in SM2, 12 months to Aug 2026. A band with fewer than 30 dated listings in the year is not published.
Homes	Asking price	Window	Change	Listings
1 bedroom	£217,341	12 months to Aug 2026	-8.5% on the previous 12 months	229
2 bedrooms	£319,888	12 months to Aug 2026	-6.7% on the previous 12 months	445
3 bedrooms	£603,664	12 months to Aug 2026	+4.8% on the previous 12 months	146
4 bedrooms	£945,805	12 months to Aug 2026	+1.3% on the previous 12 months	149
5+ bedrooms	£1,434,392	12 months to Aug 2026	-2.1% on the previous 12 months	148

Asking price by bedroom band: the monthly medians of sale listings that came to market, weighted by their dated listings, over the last 12 observed months, from portal listings. A band with fewer than 30 dated listings in the year is not published.

How liquid is SM2?

SM2: turnover 2.3% (12 months to Jan 2026, 304 sales). -15.3% on the previous 12 months.

Turnover

2.3% 12 months to Jan 2026

304 sales

-15.3% on the previous 12 months.

Sample is the matched completed sales behind the latest month. A month in which this cohort recorded no sale of its own has a rate of zero by arithmetic rather than a measured rate, and is not published with no sample.

Completed sales

398 12 months to Jan 2026

398 sales

-3.6% on the previous 12 months.

Sample is the registry count itself; months within six months of the last ingest are still filling.

Listings for sale

442 12 months to Jul 2026

442 listings

Who is active in SM2?

30 agents listed homes for sale in SM2; the three largest took 32% of the listings.

Agents active: 30
Top three agents’ share: 32%
New homes among listings: 0.8%

days_to_completion is on the registry-matched subset (sold_matched_n), not a sell-through rate.

Who owns SM2?

Corporate landlords hold 71% of the 295 units in SM2 whose freeholder is classified; 98% of all units are not yet classified.

Corporate landlords71% of classified · 210 units
Individuals (not traceable in bulk)18% of classified · 52 units
RMC8.8% of classified · 26 units
Housing associations2.0% of classified · 6 units
RTM0.3% of classified · 1 units

Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.

Where does SM2 rank?

SM2 ranks 4th of 5 postcode districts in Sutton for sold price per m², at £5,380/m².

Sold price per m² · postcode districts in Sutton