According to the public record, Flat 1, 28, Penrith Road, New Malden is a period leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 28, Penrith Road, New Malden, KT3.
Penrith Road, New Malden, KT3 is located in the borough of Kingston upon Thames within the KT3 postal district.
Flat 1, 28, Penrith Road, New Malden has 51 entries in the Land Registry database, most recently in January 2018 and a single entry in the EPC database dated May 2024.
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 Flat 1 28 Penrith Road New Malden as £399,927 and the rental value as £1,968 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 1 28 Penrith Road New Malden has increased by £13,196 (3.3%) and its rental value has increased by £56 per month (2.9%).
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 Flat 1, 28, Penrith Road, New Malden is in very good condition we estimate a sale value of £419,923 and rental value of £2,066 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £371,932 and a rental value of £1,830 per month.
If you were able to purchase this property for the estimated value of £399,927, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,966 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, Flat 1, 28, Penrith Road, New Malden was last sold on 26 Jan 2018 for £405,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Jan 2018, the market for similar properties has risen 12.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 28, Penrith Road, New Malden within a radius of 420 metres over the last 2 years.
The most recent example is 85, Cambridge Road, New Malden, KT3 3QP, a Leasehold flat which sold for £350,000 in Jul 2022.
Read more about house prices in KT3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Penrith Road, New Malden, KT3 has a total of 59 addresses. According to our analysis of all the public data, Flat 1, 28, Penrith Road, New Malden is the 43rd largest and the 40th most expensive property on the street.
When compared to the postcode district it is £281k less expensive than the average property in KT3.
Flat 1, 28, Penrith Road, New Malden has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 May 2024.
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 Flat 1, 28, Penrith Road, New Malden is New Malden station which is 600 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 Flat 1, 28, Penrith Road, New Malden, 36.3% of property is privately owned with a mortgage and 32.9% is privately owned outright.
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 Flat 1, 28, Penrith Road, New Malden, 19.8% of residents are recorded as possessing school level qualifications and 61.1% 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 Flat 1, 28, Penrith Road, 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 Flat 1, 28, Penrith Road, New Malden, 1.4% 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 Flat 1, 28, Penrith Road, 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.