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Property Price Trends
Tennyson Ave, New Malden, Greater London
KT3 6LZ Merton London Boro
What are the historical property price trends?
Explore the yearly trends in property prices for the KT3 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
KT3
Most Expensive Property
£1,410,000
15 High Drive, KT3 3UJ
Sold: 31 October 2023
Cheapest Property
£178,000
Britannic House, 230 Flat 42 Burlington Road, KT3 4NW
Sold: 26 February 2024
£571,000
The average house price in Merton was £571,000 in November 2024 (provisional), up slightly 1.6% from November 2023. Across London, there was little change in the average house price over the same period.
£2,008
Private rents rose to an average of £2,008 in December 2024, an annual increase of 10.5% from £1,817 in December 2023. This was lower than the rise in London (11.5%) over the year.
£495,000
The average price paid by first-time buyers was £495,000 in November 2024 (provisional). This was 2.3% higher than the average of £483,000 in November 2023 (revised).
£564,000
For homes bought with a mortgage, the average house price was £564,000 in November 2024 (provisional). This was 1.8% higher than the average of £554,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Merton, E09000024). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in KT3 6LZ?
The graph below shows the five-year capital growth figures for properties for the KT3 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in KT3 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Surrey?
For Homebuyers:
For homebuyers in Surrey, the property market has been showing steady growth in house prices over the past few years. According to the latest data, the average house price in Surrey is £567,695, with popular areas such as Guildford (GU1) seeing an average price of £527,982 and Weybridge (KT13) at £921,091. The availability of properties for sale in Surrey is relatively low, with a limited stock of homes on the market. However, the demand for properties in desirable areas remains high, driving competition among buyers. Overall, Surrey continues to be a sought-after location for homebuyers looking for high-quality properties in a desirable location.
For Renters:
Renters in Surrey are facing increasing rent prices, with the average rental price in Surrey standing at £1,500 per month. Areas such as Epsom (KT17) and Reigate (RH2) are popular among renters, with average rents of £1,200 and £1,500 respectively. Availability of rental properties in Surrey is limited, with a high demand for rental accommodation in desirable areas. However, there is a range of rental properties available, from apartments to family homes, to cater to different needs and preferences. Despite the competitive rental market, Surrey remains an attractive option for renters looking for high-quality accommodation in a desirable location.
For Investors:
For investors looking to enter the property market in Surrey, there are opportunities for capital growth and rental income. With average house prices on the rise, investing in properties in areas such as Woking (GU22) and Farnham (GU9) can provide good returns. Rental yields in Surrey are relatively high, with an average yield of 4-5%. The limited availability of properties for sale in Surrey means that competition among investors can be fierce, but with the right investment strategy, there are opportunities to secure profitable properties. Overall, Surrey remains a popular choice for investors looking to capitalise on the strong housing market in the area.
For Homebuyers:
For homebuyers in Surrey, the property market has been showing steady growth in house prices over the past few years. According to the latest data, the average house price in Surrey is £567,695, with popular areas such as Guildford (GU1) seeing an average price of £527,982 and Weybridge (KT13) at £921,091. The availability of properties for sale in Surrey is relatively low, with a limited stock of homes on the market. However, the demand for properties in desirable areas remains high, driving competition among buyers. Overall, Surrey continues to be a sought-after location for homebuyers looking for high-quality properties in a desirable location.
For Renters:
Renters in Surrey are facing increasing rent prices, with the average rental price in Surrey standing at £1,500 per month. Areas such as Epsom (KT17) and Reigate (RH2) are popular among renters, with average rents of £1,200 and £1,500 respectively. Availability of rental properties in Surrey is limited, with a high demand for rental accommodation in desirable areas. However, there is a range of rental properties available, from apartments to family homes, to cater to different needs and preferences. Despite the competitive rental market, Surrey remains an attractive option for renters looking for high-quality accommodation in a desirable location.
For Investors:
For investors looking to enter the property market in Surrey, there are opportunities for capital growth and rental income. With average house prices on the rise, investing in properties in areas such as Woking (GU22) and Farnham (GU9) can provide good returns. Rental yields in Surrey are relatively high, with an average yield of 4-5%. The limited availability of properties for sale in Surrey means that competition among investors can be fierce, but with the right investment strategy, there are opportunities to secure profitable properties. Overall, Surrey remains a popular choice for investors looking to capitalise on the strong housing market in the area.
Last updated on 30 Apr 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for KT3 6LZ
Estimated yield for property investors
3.1%
Yield
The estimated yield for the KT3 6LZ postcode area is 3.1%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in KT3 6LZ?
The recently sold properties table lists homes around KT3 6LZ that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 29 November 2023 | £555,000 | 39 Queens Road, New Malden, KT3 6BY | Terraced | Freehold |
| 15 November 2023 | £475,000 | 78 Consfield Avenue, New Malden, KT3 6HD | Terraced | Freehold |
| 04 December 2023 | £600,000 | 61 Tennyson Avenue, New Malden, KT3 6LZ | Terraced | Freehold |
| 16 November 2023 | £490,000 | 26 College Gardens, New Malden, KT3 6NT | Terraced | Freehold |
| 08 August 2022 | £300,000 | 24a Errol Gardens, New Malden, KT3 6QF | Flat/Maisonette | Leasehold |
Nearby sold properties | ||||
| 11 November 2022 | £472,000 | Grassholme House, 5 Flat 8 Powdermill Close, New Malden, KT3 3FE | Flat/Maisonette | Leasehold |
| 09 November 2022 | £448,000 | Grassholme House, 5 Flat 10 Powdermill Close, New Malden, KT3 3FE | Flat/Maisonette | Leasehold |
| 04 November 2022 | £449,000 | Grassholme House, 5 Flat 5 Powdermill Close, New Malden, KT3 3FE | Flat/Maisonette | Leasehold |
| 10 November 2022 | £371,000 | Grassholme House, 5 Flat 7 Powdermill Close, New Malden, KT3 3FE | Flat/Maisonette | Leasehold |
| 10 November 2022 | £365,000 | Coniston House, 15 Flat 15 Powdermill Close, New Malden, KT3 3FF | Flat/Maisonette | Leasehold |
| 10 November 2022 | £492,000 | Coniston House, 15 Flat 9 Powdermill Close, New Malden, KT3 3FF | Flat/Maisonette | Leasehold |
| 10 November 2022 | £475,000 | Grafham House, 11 Flat 50 St Johns Road, New Malden, KT3 3FL | Flat/Maisonette | Leasehold |
| 09 November 2022 | £515,000 | Grafham House, 11 Flat 45 St Johns Road, New Malden, KT3 3FL | Flat/Maisonette | Leasehold |
| 09 November 2022 | £470,000 | Grafham House, 11 Flat 48 St Johns Road, New Malden, KT3 3FL | Flat/Maisonette | Leasehold |
| 11 March 2022 | £362,000 | SEAThwaite House, 261 Flat 1 Kingston Road, New Malden, KT3 3FP | Flat/Maisonette | Leasehold |
| 15 December 2023 | £510,000 | 81 Northcote Road, New Malden, KT3 3HF | Semi-Detached | Freehold |
| 08 February 2024 | £790,000 | 1 Beaconsfield Road, New Malden, KT3 3HY | Semi-Detached | Freehold |
| 19 February 2024 | £585,000 | 20 The Crescent, New Malden, KT3 3LH | Terraced | Freehold |
| 12 February 2024 | £310,000 | Stratford Court 13 Kingston Road, New Malden, KT3 3NU | Flat/Maisonette | Leasehold |
| 20 November 2023 | £360,000 | 4 Sussex Place, New Malden, KT3 3PU | Flat/Maisonette | Leasehold |
| 02 February 2024 | £417,500 | 22 California Road, New Malden, KT3 3RU | Terraced | Freehold |
| 14 December 2023 | £450,000 | 43 Archdale Place, New Malden, KT3 3RW | Terraced | Freehold |
| 31 May 2023 | £567,000 | 25 Windrush, New Malden, KT3 3TG | Semi-Detached | Freehold |
| 31 October 2023 | £1,410,000 | 15 High Drive, New Malden, KT3 3UJ | Detached | Freehold |
| 06 January 2023 | £624,500 | 94 Blagdon Road, New Malden, KT3 4AE | Semi-Detached | Freehold |
| 08 December 2023 | £660,000 | 175 Blagdon Road, New Malden, KT3 4AN | Terraced | Freehold |
| 03 July 2023 | £647,500 | 24 Egerton Road, New Malden, KT3 4AP | Semi-Detached | Freehold |
| 15 February 2024 | £325,000 | Sloan Court, 66 70 Flat 11 Coombe Road, New Malden, KT3 4BE | Flat/Maisonette | Leasehold |
| 14 October 2022 | £375,000 | 177 Flat 5 High Street, New Malden, KT3 4BH | Flat/Maisonette | Leasehold |
| 14 October 2022 | £300,000 | 177 Flat 6 High Street, New Malden, KT3 4BH | Flat/Maisonette | Leasehold |
| 14 October 2022 | £315,000 | 177 Flat 7 High Street, New Malden, KT3 4BH | Flat/Maisonette | Leasehold |
| 23 August 2023 | £325,000 | 31 High Street, New Malden, KT3 4BY | Other | Freehold |
| 08 March 2022 | £925,000 | 79 Malden Hill, New Malden, KT3 4DS | Semi-Detached | Freehold |
| 28 February 2024 | £870,000 | 58 Kings Avenue, New Malden, KT3 4DT | Semi-Detached | Freehold |
| 01 December 2023 | £875,000 | 23 Malden Hill Gardens, New Malden, KT3 4HS | Detached | Freehold |
| 14 April 2023 | £1,188,000 | 16 Rosebery Avenue, New Malden, KT3 4JS | Semi-Detached | Freehold |
| 26 February 2024 | £178,000 | Britannic House, 230 Flat 42 Burlington Road, New Malden, KT3 4NW | Flat/Maisonette | Leasehold |
| 23 June 2023 | £645,000 | 10 Barnsbury Close, New Malden, KT3 5BP | Semi-Detached | Freehold |
| 14 November 2023 | £620,000 | 76 Gainsborough Road, New Malden, KT3 5NX | Semi-Detached | Freehold |
| 14 November 2023 | £625,000 | 76 Gainsborough Road, New Malden, KT3 5NX | Semi-Detached | Freehold |
Please note that house prices for properties sold in and around KT3 6LZ during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
