New Malden

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Area Guide For New Malden

New Malden is a suburb in south-west London, in the precincts of Kingston and Merton, and is 9.4 miles from Charing Cross. Neighboring regions are Kingston upon Thames, Raynes Park, Surbiton, Tolworth, Wimbledon and Worcester Park.

New Malden has its own particular games focus, the Malden Centre, which incorporates a swimming pool, exercise center and group offices. It additionally runs a few grown-up learning courses.

Beverley Park gives a football pitch, tennis courts, kids' play area, portions and open space.

Tudor Williams Ltd, made in 1913, is a family run retail establishment in the High Street. The organization likewise has shops in Cobham and Dorking and extended by getting retail chains Elphicks of Farnham in October 2004, and Knights of Reigate in September 2006. A limb of Waitrose is one of various other extraordinary stores in the High Street.

New Malden Map

Estimated Price: £541,067
Average Asking Price: £618,364
Price change in last one year: £57,801

Average Price Paid: £404,599
Average Rent Rates: £2,146

Property Prices Breakdown in New Malden

Average Price for property in New Malden is around £541,067 which varies based on type of property you are interested in and ranges from £937,479 for detached house to around £597,999 for semi-detached. Similarly terraced house is around £452,772 and a flat is worth £285,579. Values have been changing and have risen £7,247 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £19,839 in last 6 months, £57,801 in last 1 year, £102,894 in last 2 years, £115,149 in last 3 years, £126,001 in last 4 years and £117,070 in last 5 years.

Currently average asking price of a property in New Malden is around £618,364 based on approximately 426 properties for sale. Same is the case with rental options based on 113 properties up for rent, average asking rent is around £2,146 per month.

Estimated property value in New Malden is £541,067. Average asking price is £618,364 while average price paid is £476,542 which is up by £57,801 and Avg. asking rent £2,146.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in New Malden area. In last 1 year alone average price buyer paid is around £476,542 based on approximately 426 sales in New Malden area alone. If you compare it to last 3 years sales of 1,377 properties where buyers paid around £429,358. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £404,599 for 2,190 and average amount paid for purchase of approx. 2,809 properties sold in last 7 years comes to about £389,070 per sale.

Kitchen

Bedroom

Bathroom

Living Room

Dining Room

Family Room

Drawing Room

Garden

House Front

Front Lawn

Attic Space

Backyard

Balcony

Basement

Conservatory/Sun room

Corridor

Door

Drawing/Blue print

En-Suite

Entry/Entrance

Fireplace

Garage/Shed

Gym

Hall

Home Bar

Home Office

Interior Decor

Kids Room

Landing

Laundry

Mirror

Misc

Neighbourhood

Outdoor Landscaping

Outside Look

Parking

Pools & Sport

Rear Elevation

Rooftop

Staircase

Storage/Closet

Study Room

Swimming pool

Utility Room

Wardrobe

Water View

Window

Wine Cellar

Work Room

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £427,500, £526,872 for a 3 bedroom house, £747,469 for a 4 bedroom house and £931,111 for a 5 bedroom house. For a flat similarly the prices varies from £192,995 for a single bedroom to £333,185 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £365,000. To sum up the asking prices for properties in New Malden it comes to around average £192,995 for 1 bedroom property, £347,157 for 2 bedroom, £524,559 for 3 bedroom, £747,469 for 4 bedroom and £931,111 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £1,300 for 1 bedroom to £1,399 for 2 bedrooms, £1,857 for 3 bedrooms, £3,451 for 4 bedrooms and £3,727 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,191. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,389. You should be generally be expecting around average £1,207 rent per month for single bedroom property, £1,391 for 2 bedroom, £1,857 for 3 bedroom, £3,451 for 4 bedroom and approximately £3,726 for a 5 bedroom property in New Malden area.

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.