According to the public record, 357B, West Barnes Lane, New Malden is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 584 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 357, West Barnes Lane, New Malden, KT3.
West Barnes Lane, New Malden, KT3 is located in the borough of Merton within the KT3 postal district.
357B, West Barnes Lane, New Malden has a single entry in the Land Registry database from April 2007 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 357B West Barnes Lane New Malden as £262,256 and the rental value as £1,345 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 357B West Barnes Lane New Malden has increased by £8,189 (3.1%) and its rental value has increased by £47 per month (3.5%).
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 357B, West Barnes Lane, New Malden is in very good condition we estimate a sale value of £275,369 and rental value of £1,412 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £243,898 and a rental value of £1,251 per month.
If you were able to purchase this property for the estimated value of £262,256, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,289 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, 357B, West Barnes Lane, New Malden was last sold on 05 Apr 2007 for £165,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2007, the market for similar properties has risen 62.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 357B, West Barnes Lane, New Malden within a radius of 560 metres over the last 2 years.
The most recent example is 25, Barnard Gardens, New Malden, KT3 6QG, a Leasehold flat which sold for £290,000 in Apr 2016.
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, 357B, West Barnes Lane, New Malden is the 314th largest and the 425th most expensive property on the street.
When compared to the postcode district it is £418k less expensive than the average property in KT3.
The closest station to 357B, West Barnes Lane, New Malden is Motspur Park station which is 100 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 357B, West Barnes Lane, New Malden, 42.8% of property is privately owned with a mortgage and 33.1% 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 357B, West Barnes Lane, New Malden, 17.5% of residents are recorded as possessing school level qualifications and 56.1% 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 357B, 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 357B, West Barnes Lane, New Malden, 0.6% 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 357B, West Barnes Lane, New Malden, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.