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Cromwell Avenue, New Malden KT3

London

£600,000

Listed on 30/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
849 sqft

Description

Situated in the desirable 'Homezone' area of New Malden, this three-bedroom mid-terraced home presents a significant opportunity for renovation and investment. The property features off-street parking with a block-paved driveway and two spacious reception rooms on the ground floor, complemented by a galley kitchen. The highlight is the generous 60ft south-facing private garden, which may be ideal for extension or landscaping projects, subject to planning permission. The first floor accommodates two sizeable double bedrooms alongside a smaller third bedroom and a family bathroom. With no onward chain and located within sought-after school catchments, this property offers potential homeowners or investors an excellent foundation to create their dream residence.

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Investment analysis

(KT3 area)

Above Market Value

This property is priced +14.5% above area average per sq ft

+14.5%
This Property
£707/sq ft
Area Average
£617/sq ft
Avg Rent (weekly)
£497
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£576,356
10% above area average per sq ft
Potential ROI
-9.9%
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

Cromwell Avenue, New Malden 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
£2,267
Based on a loan of £450,000 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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