2 new-build homes sold in SM2 in the last 12 months, 1% of all sales. New flat homes sold for a median £302,500, 0.9% less than existing ones.
Sutton, covering Banstead Village, Belmont, Cheam, Nonsuch, Sutton Central, Sutton South, Sutton West & East Cheam.
New homes sold
1% of sales, last 12 months
New-build premium
Flat homes
Resold, vs market
Market +8.1%
Energy bills
50% have solar
Developments
New streets with three or more new-build sales in the last two years. Price per m² uses floor areas from each home's energy certificate.
The premium
Median sold prices over the last two years. New homes are often a different size, so this is a guide rather than a like-for-like comparison.
New £303k · existing £305k
17 new-build sales
Resale
Bought new, resold
Local market, same years
Kept pace
Typically held 4.5 years
Homes in SM2 that Land Registry records as bought new and later resold, against the UK house price index for the same type of home and years. Shared-ownership first sales are left out.
Running costs
Energy bills
Typical 42 m² home
Typical rating
Solar panels
of homes
Heat pumps
of homes
From the energy certificates of 8 recently built homes. Certificate costs use standard assumptions, so compare them rather than budget on them. A typical older D-rated home costs nearer £1,800 a year.
HM Land Registry price paid data, standard sales only, to September 2026. New homes appear once their sale is registered, usually a few weeks after completion.
Over the last two years, new flat homes in SM2 sold for a median £302,500 against £305,250 for existing ones, a difference of -0.9%. New homes are often a different size or spec, so compare price per square metre for a specific plot.
18 homes in SM2 bought new and later resold changed by a median +7.7%, typically after 4.5 years. The local market moved +8.1% over the same periods, so buyers of new homes generally lost some of the new-build premium.
Recent new-build sales recorded by Land Registry in SM2 include Station Approach, Cheam. New streets appear once the first homes complete.
Compare the asking price per square metre with plots already sold on the development, allow for the new-build premium, and negotiate extras as well as price. Proptel's new-build check does this for one plot for £9.99, with the extras to ask for and a letter for the sales office.
© 2026 Proptel · Property data for buyers