According to the public record, 441, West Barnes Lane, New Malden is a mid-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
West Barnes Lane, New Malden, KT3 is located in the borough of Merton within the KT3 postal district.
441, West Barnes Lane, New Malden has a single entry in the Land Registry database from November 2022 and a single entry in the EPC database dated May 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 441 West Barnes Lane New Malden as £384,359 and the rental value as £1,852 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 441 West Barnes Lane New Malden has increased by £11,373 (3.0%) and its rental value has increased by £58 per month (3.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 441, West Barnes Lane, New Malden is in very good condition we estimate a sale value of £403,577 and rental value of £1,944 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £357,454 and a rental value of £1,722 per month.
If you were able to purchase this property for the estimated value of £384,359, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,889 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 441, West Barnes Lane, New Malden was last sold on 14 Nov 2022 for £390,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2022, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 441, West Barnes Lane, New Malden within a radius of 570 metres over the last 2 years.
The most recent example is 23, Barnes End, New Malden, KT3 6PB, a Leasehold flat which sold for £380,000 in Jul 2023.
Read more about house prices in KT3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
West Barnes Lane, New Malden, KT3 has a total of 443 addresses. According to our analysis of all the public data, 441, West Barnes Lane, New Malden is the 264th largest and the 290th most expensive property on the street.
When compared to the postcode district it is £296k less expensive than the average property in KT3.
441, West Barnes Lane, New Malden has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 May 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 441, West Barnes Lane, New Malden is Motspur Park station which is 300 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 441, West Barnes Lane, New Malden, 33.3% of property is privately owned with a mortgage and 30.8% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 441, West Barnes Lane, New Malden, 24.0% of residents are recorded as possessing school level qualifications and 48.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 441, West Barnes Lane, New Malden, the average age was 38.6 and the most common age was 42.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 441, West Barnes Lane, New Malden, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 441, West Barnes Lane, New Malden, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.