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

The average house price in KT3 (New Malden) is £680,652 using HM Land Registry data.

The average property price increased by £157,871 (16.79%) over the last 5 years and increased by £31,632 (2.7%) over the last 12 months.

Over the last year, there were 294 residential property sales – a decrease of 163 transactions (-55.44%) relative to the previous year. The majority of house sales (75) were in the £630,000 - £790,000 range. Then came properties in the £470,000 - £630,000 range, where 72 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 132 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-34,357 (-4%).

In Dec 24, there were 42 new estate agency instructions, 34 agreed home sales and 36 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) - Dec 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
3 Blakes Terrace, New Malden, Greater London, KT3 6ET£645,000£600,000-£45,00020 May 202412 Nov 2024176 Days
9 Kingscote Road, New Malden, Greater London, KT3 3HL£625,000£615,000-£10,00014 Mar 202407 Nov 2024238 Days
82 Phyllis Avenue, New Malden, Greater London, KT3 6JZ£600,000£580,000-£20,00019 Jun 202407 Nov 2024141 Days
13 Long Walk, New Malden, Greater London, KT3 3EJ£795,000£750,000-£45,00029 May 202404 Nov 2024159 Days
Flat 11, Cadogan Court, Kingston Road, New Malden, Greater London, KT3 3PW£185,000£160,500-£24,50022 Sep 202001 Nov 20241501 Days
Ground Floor Maisonette, 39, Thetford Road, New Malden, Greater London, KT3 5DP£495,000£472,500-£22,50030 Mar 202431 Oct 2024215 Days
12 Reynolds Road, New Malden, Greater London, KT3 5NG£675,000£659,000-£16,00002 May 202430 Oct 2024181 Days
32 Eton Avenue, New Malden, Greater London, KT3 5AZ£715,000£715,000£0013 Jun 202429 Oct 2024138 Days
83 Somerset Close, New Malden, Greater London, KT3 5RE£500,000£500,000£0006 Jun 202429 Oct 2024145 Days
10 Gainsborough Road, New Malden, Greater London, KT3 5NU£825,000£800,000-£25,00022 Apr 202429 Oct 2024190 Days
5 Kingsway, New Malden, Greater London, KT3 6JA£700,000£680,000-£20,00022 May 202424 Oct 2024155 Days
33 Cambridge Avenue, New Malden, Greater London, KT3 4LD£2,100,000£1,970,000-£130,00009 Jul 202223 Oct 2024837 Days
40 Manor Drive North, New Malden, Greater London, KT3 5NY£1,200,000£1,135,000-£65,00023 Feb 202411 Oct 2024231 Days
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

Most Expensive Streets in KT3 (New Malden)

PostcodeStreetAreaAverageNo. of Sales
KT3 4SNNeville AvenueNew Malden£2,795,0004
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£1,352,1735
KT3 4JTOrchard AvenueNew Malden£1,337,5503
KT3 4JSRosebery AvenueNew Malden£1,229,5004

Least Expensive Streets in KT3 (New Malden)

PostcodeStreetAreaAverageNo. of Sales
KT3 3PWCadogan Court, Kingston RoadNew Malden£153,7779
KT3 4NHBurlington RoadNew Malden£173,6005
KT3 3PNKingston RoadNew Malden£185,1666
KT3 5DQGooding CloseNew Malden£200,74512
KT3 4NWBurlington RoadNew Malden£211,0717
KT3 4JEForsyth Court, Cambridge AvenueNew Malden£216,6663
KT3 4RJConcord House, Coombe RoadNew Malden£217,5004
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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