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Somerset Close, New Malden, Surrey, KT3

London

£575,000

Listed on 26/06/2026

Property details

Bedrooms
2
Type
End Of Terrace
Area
732 sqft

Description

This end-of-terrace home offers a promising foundation for those looking to invest in a property with renovation potential. The front features a resin driveway that accommodates off-street parking for two vehicles, while the interior boasts an inviting open-plan kitchen, dining, and living area designed for modern living. The contemporary kitchen comes equipped with a breakfast bar and fully integrated appliances, making it ideal for entertaining. A cloakroom is conveniently located on the ground floor. The spacious rear conservatory adds significant value, enhancing flexibility with internal double doors that allow for easy transition between spaces. This light-filled area opens directly onto the manageable rear garden, perfect for outdoor gatherings. Upstairs presents a generous primary bedroom with ample storage and a well-sized second double bedroom that can easily serve as an office or guest room. Both are serviced by a stylish shower room. The enclosed garden offers low-maintenance features like a patio and artificial lawn, but it's the side garden that truly holds potential for expansion – subject to planning permission – allowing you to explore lateral extension options in the future. Situated at the quiet end of Somerset Close, this property is conveniently located near major transport links via the A3, just over a 20-minute walk from Motspur Park and New Malden railway stations. Families will appreciate access to well-regarded schools nearby and vibrant shopping areas in New Malden and Worcester Park, which provide a variety of amenities including supermarkets and local eateries.

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Investment analysis

(KT3 area)

Above Market Value

This property is priced +27.3% above area average per sq ft

+27.3%
This Property
£786/sq ft
Area Average
£617/sq ft
Avg Rent (weekly)
£497
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£496,929
10% above area average per sq ft
Potential ROI
-20.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (KT3)

Area prices are stable by +0.9% over the last 12 months
3 year growth: +15.4%
5 year growth: +10.9%
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

Somerset Close, New Malden, Surrey, KT3
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,172
Based on a loan of £431,250 over 30 years at 4.45% 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.

Stamp duty calculator

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