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New Malden House Prices New Malden House Prices

The average house price in New Malden is £776,984 using HM Land Registry data.

The average property price increased by £235,131 (35.78%) over the last 5 years and increased by £47,005 (5.56%) over the last 12 months.

Over the last year, there were 512 residential property sales – a decrease of 130 transactions (-25.39%) relative to the previous year. The majority of house sales (169) were in the £530,000 - £750,000 range. Then came properties in the £310,000 - £530,000 range, where 93 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 82 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-33,867 (-3%).

In Oct 24, there were 105 new estate agency instructions, 71 agreed home sales and 105 property price reductions.

Neighbouring Areas: East Sheen, Richmond, Morden, Raynes Park, Kingston Upon Thames, Norbiton, Surbiton, Tolworth, Roehampton, Worcester Park, Wimbledon

Postcodes Covered: KT1, KT2, KT3, KT4, SW15, SW20

5-Year Average Property Prices in New Malden

35.78%

Property prices in New Malden increased by 35.78% 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 New Malden Over the Last Year

5.56%

Property prices in New Malden increased by 5.56% 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 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 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 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 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 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 New Malden since 1995

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

Recent Property Sales in 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
18 Vale Crescent, London, Greater London, SW15 3PN£325,000£250,000-£75,00021 Sep 202316 Aug 2024330 Days
Flat 30, Brae Court, Kingston Hill, Kingston Upon Thames, Greater London, KT2 7QQ£385,000£385,000£0007 Mar 202415 Aug 2024161 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
35 Malden Green Avenue, Worcester Park, Greater London, KT4 7SG£875,000£875,000£0010 Jun 202425 Jul 202445 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
10 Manor Way, Worcester Park, Greater London, KT4 7PH£700,000£685,500-£14,50026 Dec 202328 Jun 2024185 Days
134 Knightwood Crescent, New Malden, Greater London, KT3 5JW£700,000£685,000-£15,00013 Feb 202426 Jun 2024134 Days
7 Kenley Road, Kingston Upon Thames, Greater London, KT1 3RN£1,000,000£950,000-£50,00023 Jan 202425 Jun 2024154 Days
10 Coombe Gardens, New Malden, Greater London, KT3 4AA£875,000£850,000-£25,00004 May 202325 Jun 2024418 Days

Most Expensive Streets in New Malden

PostcodeStreetAreaAverageNo. of Sales
KT2 7DYCoombe Hill RoadKingston Upon Thames£7,600,0004
KT2 7JDCoombe ParkKingston Upon Thames£5,476,1666
KT2 7HXWarren ParkKingston Upon Thames£5,116,6663
KT2 7DUCoombe Hill RoadKingston Upon Thames£4,991,6666
KT2 7NYThe DriveKingston Upon Thames£4,422,6003
KT2 7NTRenfrew RoadKingston Upon Thames£4,250,0003
KT2 7HRWarren RoadKingston Upon Thames£3,632,1663
KT2 7DQCoombe EndKingston Upon Thames£3,498,5005
SW15 3RFUllswater CloseLondon£3,271,3474
KT2 7EEBeverley LaneKingston Upon Thames£3,188,0005

Least Expensive Streets in New Malden

PostcodeStreetAreaAverageNo. of Sales
KT3 3PWCadogan CourtKingston Road£153,7779
KT3 4NHBurlington RoadNew Malden£170,6663
KT2 7LEFairview CourtGalsworthy Road£188,8339
KT3 3PNKingston RoadNew Malden£190,2005
KT3 5DQGooding CloseNew Malden£200,74512
KT3 4NWBurlington RoadNew Malden£210,4166
KT4 7SAGarnet HousePercy Gardens£216,3758
KT3 4JEForsyth CourtCambridge Avenue£216,6663
KT4 7RXAgate HousePercy Gardens£223,2504
KT3 4RJConcord HouseCoombe Road£223,3333

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