According to the public record, 5, Balgowan Close, New Malden is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 588 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Balgowan Close, New Malden, KT3 is located in the borough of Kingston upon Thames within the KT3 postal district.
5, Balgowan Close, New Malden has 21 entries in the Land Registry database, most recently in September 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Balgowan Close New Malden as £506,609 and the rental value as £2,032 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 5 Balgowan Close New Malden has increased by £14,419 (2.8%) and its rental value has increased by £49 per month (2.4%).
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 5, Balgowan Close, New Malden is in very good condition we estimate a sale value of £531,939 and rental value of £2,134 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £471,146 and a rental value of £1,890 per month.
If you were able to purchase this property for the estimated value of £506,609, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,490 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, 5, Balgowan Close, New Malden was last sold on 19 Sep 2016 for £435,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2016, the market for similar properties has risen 19.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Balgowan Close, New Malden within a radius of 420 metres over the last 2 years.
The most recent example is 8, Cleveland Road, New Malden, KT3 3QQ, a Freehold house which sold for £410,000 in May 2023.
Read more about house prices in KT3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Balgowan Close, New Malden, KT3 has a total of 8 addresses. According to our analysis of all the public data, 5, Balgowan Close, New Malden is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £174k less expensive than the average property in KT3.
The closest station to 5, Balgowan Close, New Malden is New Malden station which is 700 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 5, Balgowan Close, New Malden, 40.7% of property is socially rented and 27.8% 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 5, Balgowan Close, New Malden, 23.0% of residents are recorded as possessing school level qualifications and 41.8% 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 5, Balgowan Close, New Malden, the average age was 41.8 and the most common age was 47.
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 5, Balgowan Close, 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 5, Balgowan Close, New Malden, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.