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St James Close, New Malden KT3 - Image 1
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St James Close, New Malden KT3

London

£650,000
Listed on 17/03/2026

Property Details

Bedrooms
3
Type
Town House
Area
1335 sqft

Description

This spacious three-bedroom townhouse in New Malden presents an excellent investment opportunity for those looking to enhance or modernize a property. Spread over three levels, the layout features a garage to the front, leading into a kitchen/diner at the rear that benefits from direct access to a compact garden with low-maintenance artificial grass, ideal for outdoor relaxation or play. The first floor boasts a generous living room and an en-suite bedroom, while the second floor has two additional double bedrooms and a family bathroom. Notably, the loft space is ripe for conversion, offering potential for additional living areas pending planning permissions. Though well-maintained and refurbished within the last five years, there are ample opportunities to further enhance this property to suit personal preferences or increase its value. Located in a quiet residential area with good transport links and local amenities nearby, this home combines comfort with substantial potential for growth.

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
£25,000 - £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 KT3
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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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