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New Malden House Prices New Malden House Prices

The average house price in New Malden is £670,816 using HM Land Registry data.

The average property price increased by £263,535 (41.37%) over the last 5 years and increased by £52,670 (6.21%) over the last 12 months.

Over the last year, there were 480 residential property sales – a decrease of 177 transactions (-36.88%) relative to the previous year. The majority of house sales (157) were in the £546,000 - £772,000 range. Then came properties in the £772,000 - £998,000 range, where 95 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-33,867 (-3%).

In April 2024, there were 150 new estate agency instructions, 60 agreed home sales and 58 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

41.37%

Property prices in New Malden increased by 41.37% 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

6.21%

Property prices in New Malden increased by 6.21% 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 - April 2024

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 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
58 Kings Avenue, New Malden, Greater London, KT3 4DT£875,000£870,000-£5,00020 Nov 202328 Feb 2024100 Days
32 Highdown, Worcester Park, Greater London, KT4 7HZ£800,000£769,000-£31,00017 Oct 202328 Feb 2024134 Days
20 The Crescent, New Malden, Greater London, KT3 3LH£600,000£585,000-£15,00003 Oct 202319 Feb 2024139 Days
57 Northcote Road, New Malden, Greater London, KT3 3HF£675,000£640,000-£35,00005 Oct 202316 Feb 2024134 Days
11 The Green, New Malden, Greater London, KT3 3LD£600,000£550,000-£50,00001 Aug 202316 Feb 2024199 Days
1 Beaconsfield Road, New Malden, Greater London, KT3 3HY£850,000£790,000-£60,00011 May 202308 Feb 2024273 Days
9 Newborough Green, New Malden, Greater London, KT3 5HS£550,000£530,000-£20,00006 Oct 202302 Feb 2024119 Days
22 California Road, New Malden, Greater London, KT3 3RU£425,000£417,500-£7,50004 Oct 202302 Feb 2024121 Days
5a, The Triangle, Kingston Upon Thames, Greater London, KT1 3RU£399,950£380,000-£19,95004 Jul 202331 Jan 2024211 Days
19 Darley Drive, New Malden, Greater London, KT3 3AS£1,140,000£1,110,000-£30,00017 Jan 202429 Jan 202412 Days
81 Dickerage Road, Kingston Upon Thames, Greater London, KT1 3SR£629,950£625,000-£4,95009 Oct 202318 Jan 2024101 Days
Flat 2, Cadogan Court, Kingston Road, New Malden, Greater London, KT3 3PW£150,000£135,000-£15,00019 Jan 202308 Jan 2024354 Days
3 Perry How, Worcester Park, Greater London, KT4 7PQ£765,000£726,250-£38,75003 Aug 202318 Dec 2023137 Days
24 Broadlands Way, New Malden, Greater London, KT3 6PW£825,000£794,000-£31,00014 Aug 202315 Dec 2023123 Days
28 Kneller Road, New Malden, Greater London, KT3 5NE£775,000£730,000-£45,00009 May 202315 Dec 2023220 Days
81 Northcote Road, New Malden, Greater London, KT3 3HF£515,000£510,000-£5,00019 Apr 202315 Dec 2023240 Days
59 Cambridge Road, New Malden, Greater London, KT3 3QL£450,000£440,000-£10,00012 Sep 202313 Dec 202392 Days
8 Astor Close, Kingston Upon Thames, Greater London, KT2 7LT£999,950£975,000-£24,95031 Aug 202305 Dec 202396 Days
29 Sycamore Grove, New Malden, Greater London, KT3 3DH£800,000£800,000£0021 Jul 202301 Dec 2023133 Days
23 Egerton Road, New Malden, Greater London, KT3 4AP£725,000£700,000-£25,00022 Nov 202301 Dec 20239 Days

Most Expensive Streets in New Malden

PostcodeStreetAreaAverageNo. of Sales
KT2 7DYCoombe Hill RoadKingston Upon Thames£7,600,0004
KT2 7JBCoombe ParkKingston Upon Thames£6,700,0003
KT2 7JDCoombe ParkKingston Upon Thames£5,476,1666
KT2 7HXWarren ParkKingston Upon Thames£5,116,6663
KT2 7JUCoombe RidingsKingston Upon Thames£4,850,0003
KT2 7NYThe DriveKingston Upon Thames£4,422,6003
KT2 7DUCoombe Hill RoadKingston Upon Thames£4,400,0004
KT2 7NTRenfrew RoadKingston Upon Thames£3,662,5004
KT2 7HRWarren RoadKingston Upon Thames£3,632,1663
KT2 7DQCoombe EndKingston Upon Thames£3,498,5005

Least Expensive Streets in New Malden

PostcodeStreetAreaAverageNo. of Sales
KT3 3PWCadogan CourtKingston Road£158,76513
KT3 3PNKingston RoadNew Malden£190,0004
KT2 7LEFairview CourtGalsworthy Road£192,1669
KT3 5DQGooding CloseNew Malden£200,74512
KT3 4NWBurlington RoadNew Malden£209,2506
KT3 4JEForsyth CourtCambridge Avenue£216,6663
KT3 4RJConcord HouseCoombe Road£223,3333
KT4 7SAGarnet HousePercy Gardens£223,5008
KT4 7SDOpal HousePercy Gardens£225,05010
KT4 7SBOnyx HousePercy Gardens£225,21414

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