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Cromwell Avenue, New Malden

London

£600,000
Listed on 10/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
849 sqft

Description

Situated in the desirable 'Homezone' area of New Malden, this mid-terraced three-bedroom family residence presents a unique opportunity for aspiring investors or homeowners looking to add value. The property features a block-paved off-street parking space and two spacious reception rooms on the ground floor, along with a galley-style kitchen that could be modernized to enhance usability. The 60ft private rear garden is south-facing, offering ample scope for landscaping or extension work under permitted development. The first floor provides two generous double bedrooms and a single third bedroom, complemented by a family bathroom that could benefit from an upgrade. Given its location within sought-after school catchment areas and the potential for future extensions (subject to planning permission), this property represents an attractive renovation proposition.

Investment Analysis

(KT3 area)

Above Market Value

This property is priced +13.9% above area average per sq ft

+13.9%
This Property
£707/sq ft
Area Average
£621/sq ft
Avg Rent (weekly)
£517
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£579,578
10% above area average per sq ft
Potential ROI
-9.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (KT3)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +16.0%
5 year growth: +14.0%
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

Cromwell Avenue, New Malden
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,164
Based on a loan of £450,000 over 30 years at 4.06% 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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