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St James Close, New Malden

London

£650,000
Listed on 12/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1335 sqft

Description

This three-bedroom townhouse in New Malden presents a promising opportunity for renovation and investment. Spread across three floors, the property features a functional layout that blends spacious living with practical amenities. The ground floor hosts a garage, a modern kitchen with dining space, and a compact garden designed for minimal upkeep—ideal for outdoor gatherings or play areas. On the first floor, the expansive living room allows for plenty of natural light, while an en-suite bedroom enhances comfort and functionality. The second floor accommodates two additional double bedrooms along with a family bathroom; the front bedroom could be utilized as a master suite enjoying pleasant views, while the rear bedroom is versatile enough for guests or as a home office. Notably, there is also loft space available which holds potential for conversion, providing an exciting avenue for expanding living areas pending planning permission. The exterior includes off-street parking accommodating up to three vehicles when utilizing the garage. While this property has been well-maintained and refurbished within the last five years, delivering an EPC rating of C, there remain opportunities to enhance its value further through thoughtful updates. Located in a serene residential area yet close to New Malden's vibrant high street with its shops and restaurants, plus outstanding schools and transport links—including New Malden Station just a mile away—this townhouse is perfectly positioned for both comfort and accessibility.

Investment Analysis

(KT3 area)

Below Market Value

This property is priced -21.5% below area average per sq ft

-21.5%
Potential saving
This Property
£487/sq ft
Area Average
£621/sq ft
Avg Rent (weekly)
£517
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£911,351
10% above area average per sq ft
Potential ROI
+32.1%
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

St James Close, 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
£2,344
Based on a loan of £487,500 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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