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Elm Road, New Malden KT3

London

£650,000
Listed on 28/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
879 sqft

Description

This spacious three-bedroom semi-detached home in New Malden presents an excellent opportunity for investment and renovation. Located just under half a mile from the bustling New Malden High Street, you’ll find an array of shops, eateries, and convenient transport links to Central London, enhancing its appeal. The internal layout features a welcoming entrance hallway that leads to a front-facing sitting room and a rear dining area, complemented by a separate modern kitchen. Upstairs, there are three generously sized bedrooms alongside the main bathroom. The property is surrounded by private front and rear gardens, providing outdoor space that can be enhanced further. With no ongoing chain and vacant possession, this residence allows for immediate plans of improvement or extension into the rear or loft area (subject to planning permissions), making it an ideal choice for those looking to create their dream home.

Investment Analysis

(KT3 area)

Above Market Value

This property is priced +18.5% above area average per sq ft

+18.5%
This Property
£739/sq ft
Area Average
£624/sq ft
Avg Rent (weekly)
£530
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£603,442
10% above area average per sq ft
Potential ROI
-13.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (KT3)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +19.1%
5 year growth: +13.4%
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

Elm Road, New Malden KT3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,302
Based on a loan of £487,500 over 30 years at 3.91% 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

Price History

-4.4% since listed
£650,000£29,950(-4.4%)
28/04/2026
Current price
£679,950Initial listing
22/05/2025

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