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New Malden House Prices New Malden House Prices

The average house price in New Malden is £648,000 using HM Land Registry data.

The average property price increased by £158,227 (22.16%) over the last 5 years and increased by £31,696 (3.77%) over the last 12 months.

Over the last year, there were 464 residential property sales – a decrease of 87 transactions (-18.75%) relative to the previous year. The majority of house sales (119) were in the £502,000 - £684,000 range. Then came properties in the £684,000 - £866,000 range, where 119 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 186 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-33,580 (-3%).

In January 2025, there were 124 new estate agency instructions, 68 agreed home sales and 80 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

22.16%

Property prices in New Malden increased by 22.16% 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

3.77%

Property prices in New Malden increased by 3.77% 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 - January 2025

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
62 Amberwood Rise, New Malden, Greater London, KT3 5JG£675,000£650,000-£25,00026 Jul 202410 Dec 2024137 Days
11 Queens Road, New Malden, Greater London, KT3 6BY£635,000£590,000-£45,00030 Jul 202406 Dec 2024129 Days
10 Gooding Close, New Malden, Greater London, KT3 5DQ£500,000£475,000-£25,00024 Apr 202429 Nov 2024219 Days
72 Elm Road, New Malden, Greater London, KT3 3HH£800,000£780,000-£20,00002 Jul 202428 Nov 2024149 Days
85a, Adela Avenue, New Malden, Greater London, KT3 6LG£400,000£397,500-£2,50031 Jul 202428 Nov 2024120 Days
4 Rookwood Avenue, New Malden, Greater London, KT3 4LY£635,000£625,000-£10,00017 Apr 202415 Nov 2024212 Days
7 Chatsworth Gardens, New Malden, Greater London, KT3 6DW£589,500£572,300-£17,20007 Aug 202414 Nov 202499 Days
24 Mount Road, New Malden, Greater London, KT3 3JU£800,000£785,000-£15,00025 Mar 202414 Nov 2024234 Days
Flat 16, Brae Court, Kingston Hill, Kingston Upon Thames, Greater London, KT2 7QQ£395,000£385,000-£10,00001 Mar 202413 Nov 2024257 Days
3 Blakes Terrace, New Malden, Greater London, KT3 6ET£645,000£600,000-£45,00020 May 202412 Nov 2024176 Days
31 Cotsford Avenue, New Malden, Greater London, KT3 5EU£1,000,000£955,000-£45,00028 Feb 202411 Nov 2024257 Days
55 Kings Avenue, New Malden, Greater London, KT3 4DU£950,000£930,000-£20,00021 Apr 202408 Nov 2024201 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
196 Grand Drive, Raynes Park, London, Greater London, SW20 9NB£565,000£510,000-£55,00010 Sep 202407 Nov 202458 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£013 Jun 202429 Oct 2024138 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 7DUCoombe Hill RoadKingston Upon Thames£4,991,6666
KT2 7NYThe DriveKingston Upon Thames£4,422,6003
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
KT2 7LXKingston HillKingston Upon Thames£2,956,6663
KT3 4SNNeville AvenueNew Malden£2,795,0004

Least Expensive Streets in New Malden

PostcodeStreetAreaAverageNo. of Sales
KT3 3PWCadogan CourtKingston Road£154,45010
KT3 4NHBurlington RoadNew Malden£173,6005
KT3 3PNKingston RoadNew Malden£185,1666
KT2 7LEFairview CourtGalsworthy Road£193,2779
KT3 5DQGooding CloseNew Malden£208,49512
KT3 4NWBurlington RoadNew Malden£211,0717
KT3 4RJConcord HouseCoombe Road£211,6663
KT4 7SAGarnet HousePercy Gardens£215,8577
KT3 4JEForsyth CourtCambridge Avenue£216,6663
KT4 7SBOnyx HousePercy Gardens£223,07114

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