House Prices in New Malden, Greater London

# New Malden Property Market Summary

New Malden's property market demonstrates notable resilience with over 10,000 properties and an average price of £357,574. The area has experienced considerable volatility over recent years, with average prices peaking at £958,276 in 2018 before moderating to more sustainable levels. Since 2019, the market has shown steady growth, rising from £573,742 to £701,598 in early 2025, suggesting renewed buyer confidence and strong underlying demand. Transaction volumes have remained healthy, with 2022 recording the highest activity at 746 sales, indicating an active and liquid market.

The recent upward trajectory from 2023 onwards is particularly encouraging, with average prices climbing from £639,529 to over £710,000 by 2024. This 11% year-on-year increase reflects New Malden's growing appeal, likely driven by its excellent transport links to central London, strong sense of community, and reputation for good schools. The suburb's substantial Korean community and associated amenities add unique character and cultural vibrancy. With consistent sales volumes and price appreciation stabilising after the 2018 peak, New Malden presents as an established residential area offering relative value compared to neighbouring southwest London locations whilst maintaining steady capital growth potential.