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South Park Grove, New Malden

London

£550,000
Listed on 20/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
893 sqft

Description

This three-bedroom terraced home presents an excellent opportunity for buyers looking to invest in a property with significant renovation and modification potential. The spacious layout provides a solid foundation for any new owner, offering the chance to customize and enhance the living spaces to suit personal preferences or market demands. The property has been well cared for over the years, making it a blank canvas ready for your vision. The presence of gas-fired central heating and double-glazing ensures comfort while you plan your updates. Off-street parking is available, which adds convenience—a valuable feature in this area. Outside, the private rear garden offers a peaceful retreat and overlooks Green Lane Recreational Ground, providing additional green space right at your doorstep. This aspect not only enhances the quality of life but also adds to the property's appeal for future buyers. Location-wise, you'll find easy access to both Berrylands Station and New Malden Station, making commuting straightforward and efficient. The surrounding neighborhood features various amenities that cater to families, adding further value to this investment option. This property stands as a promising venture for those keen on enhancing its current offerings while enjoying the benefits of a family-friendly environment. With thoughtful renovations, it has the potential to become a highly sought-after residence in this vibrant community.

Investment Analysis

(KT3 area)

Below Market Value

This property is priced -0.2% below area average per sq ft

-0.2%
Potential saving
This Property
£616/sq ft
Area Average
£617/sq ft
Avg Rent (weekly)
£514
Avg Yield
4.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£606,177
10% above area average per sq ft
Potential ROI
+5.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (KT3)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 12.0%
5 year growth: 16.3%
Investment Disclaimer: Analysis based on KT3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

South Park Grove, New Malden
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE