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Chestnut Grove, New Malden KT3

London

£730,000

Listed on 26/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
1216 sqft

Description

Situated in the desirable 'Groves' area of New Malden, this period property combines classic features with a welcoming atmosphere and presents an exciting opportunity for renovation. Upon entering, the spacious through-reception room offers abundant natural light through attractive patio doors, which open to a south-facing garden—ideal for those looking to enhance outdoor living spaces. The well-maintained garden includes a sizable insulated office/studio, perfect for remote work or creative pursuits. The ground floor is completed by a practical galley kitchen that could benefit from modernization. Moving to the upper levels, the first floor boasts a roomy master bedroom alongside a quaint second double bedroom and a family bathroom characterized by vintage charm; however, it offers scope for contemporary updates. The top floor reveals a tranquil third double bedroom and an additional cloakroom. This property holds significant potential for enhancements that can elevate its charm while adapting it to modern living standards.

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Investment analysis

(KT3 area)

Below Market Value

This property is priced -3.3% below area average per sq ft

-3.3%
Potential saving
This Property
£600/sq ft
Area Average
£621/sq ft
Avg Rent (weekly)
£499
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£829,981
10% above area average per sq ft
Potential ROI
+7.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (KT3)

Area prices are stable by -0.3% over the last 12 months
3 year growth: +17.4%
5 year growth: +12.6%
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

Chestnut Grove, 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
£2,758
Based on a loan of £547,500 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

Price History

-2.0% since listed
£730,000£15,000(-2.0%)
26/06/2026
Current price
£745,000Initial listing
19/04/2026

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