According to the public record, Flat 5, Fairholme House, New Malden is a mid-century leasehold apartment with 850 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Fairholme House, Kingston Road, New Malden, KT3.
Kingston Road, New Malden, KT3 is located in the borough of Kingston upon Thames within the KT3 postal district.
Flat 5, Fairholme House, New Malden has 2 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated January 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 Flat 5 Fairholme House New Malden as £382,530 and the rental value as £1,940 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 5 Fairholme House New Malden has increased by £5,555 (1.5%) and its rental value has increased by £20 per month (1.0%).
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 5, Fairholme House, New Malden is in very good condition we estimate a sale value of £401,657 and rental value of £2,037 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £355,753 and a rental value of £1,804 per month.
If you were able to purchase this property for the estimated value of £382,530, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,880 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 5, Fairholme House, New Malden was last sold on 10 Oct 2022 for £405,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2022, the market for similar properties has dropped 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, Fairholme House, New Malden within a radius of 420 metres over the last 2 years.
The most recent example is 31, Charnwood Close, New Malden, KT3 3PS, a Leasehold flat which sold for £442,000 in Jan 2023.
Read more about house prices in KT3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kingston Road, New Malden, KT3 has a total of 1031 addresses. According to our analysis of all the public data, Flat 5, Fairholme House, New Malden is the 173rd largest and the 611th most expensive property on the street.
When compared to the postcode district it is £298k less expensive than the average property in KT3.
Flat 5, Fairholme House, New Malden has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Jan 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 Flat 5, Fairholme House, 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 5, Fairholme House, 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 Flat 5, Fairholme House, 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 Flat 5, Fairholme House, 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 Flat 5, Fairholme House, 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 Flat 5, Fairholme House, 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.