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Portland Avenue, New Malden, KT3 - Image 1
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Portland Avenue, New Malden, KT3

London

£675,000
Listed on 04/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
965 sqft

Description

This three-bedroom semi-detached family home offers a unique opportunity for renovation and investment, situated at the end of a sought-after cul-de-sac. The property boasts a bright, open-plan ground floor layout that combines a double reception area with a contemporary kitchen space. This design not only enhances the living experience but also provides an inviting canvas for potential upgrades and extensions, subject to the usual planning permissions. Upstairs, you'll find three well-sized bedrooms along with a family bathroom, allowing for comfortable living while presenting possibilities for modernization. Additionally, the rear garage offers extra flexibility—consider converting this space or using it for storage while you plan your renovations. Off-street parking is another practical feature that complements this home. Located in Old Malden, the property benefits from excellent transport connections. Motspur Park and Worcester Park stations are both within easy reach, providing regular rail services to London Waterloo in under thirty minutes. The surrounding area is rich with amenities including convenient bus routes to Kingston and Sutton town centers, as well as quick access to the A3 roadway. Families will appreciate the proximity to several reputable schools and local shops at Plough Green. For further shopping needs, Worcester Park's high street features a selection of familiar retailers such as Waitrose alongside various independent stores. This combination of location advantages and renovation potential makes this property an appealing prospect for those looking to invest in their future.

Investment Analysis

(KT3 area)

Above Market Value

This property is priced +13.3% above area average per sq ft

+13.3%
This Property
£699/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
£655,052
10% above area average per sq ft
Potential ROI
-6.4%
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

Portland Avenue, New Malden, KT3
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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
£2,473
Based on a loan of £506,250 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.

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