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House Prices in KT3 House Prices in KT3 (New Malden)

The average house price in KT3 (New Malden) is £836,700 using HM Land Registry data.

The average property price increased by £158,125 (16.79%) over the last 5 years and increased by £31,683 (2.7%) over the last 12 months.

Over the last year, there were 266 residential property sales – a decrease of 197 transactions (-74.06%) relative to the previous year. The majority of house sales (76) were in the £486,000 - £652,000 range. Then came properties in the £652,000 - £818,000 range, where 63 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 71 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-29,431 (-3%).

In Oct 24, there were 85 new estate agency instructions, 53 agreed home sales and 73 property price reductions.

Nearby Postcodes: CR4, CR5, GU21, GU22, GU23, GU24, GU25, GU4, GU5, KT1, KT10, KT11, KT12, KT13, KT14, KT15, KT16, KT17, KT18, KT19, KT2, KT20, KT21, KT22, KT23, KT24, KT4, KT5, KT6, KT7, KT8, KT9, RH2, RH3, RH4, RH5, SL5, SM1, SM2, SM3, SM4, SM5, SM7, SW15, SW19, SW20, TW10, TW11, TW16, TW17, TW18, TW20

5-Year Average Property Prices in KT3 (New Malden)

16.79%

Property prices in New Malden increased by 16.79% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in KT3 (New Malden) Over the Last Year

2.7%

Property prices in New Malden increased by 2.7% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for KT3 (New Malden) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in KT3 (New Malden)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in KT3 (New Malden)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in KT3 (New Malden)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the KT3 (New Malden) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the KT3 postcode area since 1995.

Recent Sales in KT3 (New Malden)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
55 Ancaster Crescent, New Malden, Greater London, KT3 6BD£800,000£800,000£0028 Mar 202422 Aug 2024147 Days
151 Elm Road, New Malden, Greater London, KT3 3HX£1,075,000£995,000-£80,00018 Mar 202407 Aug 2024142 Days
73 Malden Hill, New Malden, Greater London, KT3 4DS£800,000£760,000-£40,00019 Apr 202407 Aug 2024110 Days
28 South Lane, New Malden, Greater London, KT3 5HT£625,000£605,000-£20,00002 Nov 202325 Jul 2024266 Days
27 Lynton Road, New Malden, Greater London, KT3 5ED£975,000£975,000£0009 Jan 202419 Jul 2024192 Days
3 Barnsbury Close, New Malden, Greater London, KT3 5BP£795,000£770,000-£25,00001 Feb 202419 Jul 2024169 Days
47 Sycamore Grove, New Malden, Greater London, KT3 3DH£1,800,000£1,775,000-£25,00005 Jul 202418 Jul 202413 Days
39 Hollington Crescent, New Malden, Greater London, KT3 6RR£820,000£800,000-£20,00012 Mar 202417 Jul 2024127 Days
20 Mount Road, New Malden, Greater London, KT3 3JU£900,000£895,000-£5,00018 Jun 202409 Jul 202421 Days
225 West Barnes Lane, New Malden, Greater London, KT3 6JD£875,000£801,000-£74,00030 Jan 202408 Jul 2024160 Days
235 South Lane, New Malden, Greater London, KT3 5EW£625,000£605,000-£20,00022 Apr 202405 Jul 202474 Days
18 South Park Grove, New Malden, Greater London, KT3 5BZ£650,000£650,000£0026 Dec 202301 Jul 2024188 Days
8 Poplar Gardens, New Malden, Greater London, KT3 3DW£900,000£867,500-£32,50028 Feb 202401 Jul 2024124 Days
134 Knightwood Crescent, New Malden, Greater London, KT3 5JW£700,000£685,000-£15,00013 Feb 202426 Jun 2024134 Days
10 Coombe Gardens, New Malden, Greater London, KT3 4AA£875,000£850,000-£25,00004 May 202325 Jun 2024418 Days
37 Beresford Road, New Malden, Greater London, KT3 3RQ£600,000£600,000£0022 Feb 202424 Jun 2024123 Days
7 Presburg Road, New Malden, Greater London, KT3 5AH£1,225,000£1,200,000-£25,00002 Oct 202321 Jun 2024263 Days
19 Burlington Road, New Malden, Greater London, KT3 4LP£825,000£825,000£0024 Jan 202421 Jun 2024149 Days
50 Wilverley Crescent, New Malden, Greater London, KT3 5LW£695,000£665,000-£30,00023 Feb 202421 Jun 2024119 Days
21 Mount Road, New Malden, Greater London, KT3 3JU£725,000£700,000-£25,00026 Dec 202317 Jun 2024174 Days

Most Expensive Streets in KT3 (New Malden)

PostcodeStreetAreaAverageNo. of Sales
KT3 4SNNeville AvenueNew Malden£2,666,0005
KT3 4SBThe MoatNew Malden£2,105,0003
KT3 4SWBurghley AvenueNew Malden£1,973,7504
KT3 3AJCarlton RoadNew Malden£1,613,8963
KT3 3UQWoodlands AvenueNew Malden£1,490,0004
KT3 4LECambridge AvenueNew Malden£1,420,0003
KT3 3UNWoodlands AvenueNew Malden£1,416,0254
KT3 3UWCrown RoadNew Malden£1,352,0005
KT3 4JTOrchard AvenueNew Malden£1,337,5503
KT3 4JSRosebery AvenueNew Malden£1,306,0003

Least Expensive Streets in KT3 (New Malden)

PostcodeStreetAreaAverageNo. of Sales
KT3 3PWCadogan Court, Kingston RoadNew Malden£153,7779
KT3 4NHBurlington RoadNew Malden£170,6663
KT3 3PNKingston RoadNew Malden£190,2005
KT3 5DQGooding CloseNew Malden£200,74512
KT3 4NWBurlington RoadNew Malden£210,4166
KT3 4JEForsyth Court, Cambridge AvenueNew Malden£216,6663
KT3 4RJConcord House, Coombe RoadNew Malden£223,3333
KT3 4BFBurlington RoadNew Malden£227,8333
KT3 3RGSherfield CloseNew Malden£233,5003
KT3 5LHNew House, South LaneNew Malden£270,9623

Explore KT3 (New Malden) using map

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