For good schools, cheap homes and knockout Korean food, you can do no better than this London suburb.
A suburban London suburb may seem like an unlikely place for a center of Korean culture, but New Malden happens to be home to Europe’s largest Korean community, and foodies come from far and wide to taste authentic kimchi, bibimbap and bulgogi from the supermarkets and restaurants along Main street.
Homebuyers are also flocking to the high-performing schools, relatively affordable and hassle-free commuting, with Waterloo trains every ten minutes and the A3 close by for a fast link to the M25. For those playing the long game, New Malden is on the proposed Crossrail 2 route.
The balance is tipping solidly in favor of 1930s houses, but there are pockets of older equipment.
“New Malden offers everything from stunning Edwardian high-ceilinged properties to new developments,” says Foxtons’ Adam Broholm. ‘We have more houses than apartments, which is why we get so many families wanting to buy in the area.’
Anthony Bell of Dexters says New Malden is more affordable than neighboring Wimbledon or Kingston. “You can get a one-bedroom apartment for £ 300,000 to £ 350,000, while starter family homes cost around £ 550,000 to £ 650,000.”
What’s new in the area?
The third phase has been released in Kingston East, in Kingston Road, by Fairview New Homes. The one, two and three bedroom apartments all have private outdoor space, and the scheme’s podium garden will soon be revealed.
At the weekend of this month, potential buyers can rent a bike from the sales and marketing suite to explore New Malden and head to Richmond Park, ten minutes away, where they can enjoy a grazing picnic box provided by independent local businesses.
Prices start from £ 362,000 and Help to buy is available.
Choose from four newly built two-bedroom houses at Hyder Court, a two-minute walk from the station. They are accessible via a private mew and they include open-plan kitchens with integrated Bosch appliances and underfloor heating.
From £ 560,000, Help to buy available.
The Fountain, by Devine Homes, offers one-, two- and three-bedroom apartments a short distance from the main street. They have open plan living, fully equipped kitchen and in most cases a terrace.
From £ 390,000 with Help to Buy.
Sovereign House is a scheme with seven one-, two- and three-bedroom apartments with high-gloss kitchens, Bosch appliances, constructed wooden floors and smart thermostats. Help buying is available.
Prices from £ 399,950 for a one bedroom home with an office.
Today, Paragon Asra launches Nest Housing, with one- and two-bedroom condominiums between New Malden and Kingston.
They start from £ 140,000 for £ 40 per person. share of a one-bedroom home with terrace, full market value £ 350,000.
Everything potential buyers need to know about New Malden
Average house price: £ 667,560
Average rent: £ 2,100 a month.
Municipal tax (Volume D): £ 2,154.21
Commuting time to zone 1: from 24 minutes to Waterloo.
Annual travel card (zone 4): £ 2,208
Facilities: ★★★ ✩✩ Supermarkets Waitrose, Tesco Extra, Aldi, Lidl, H Mart, Korea Foods and Seoul Plaza; Korean restaurants include Han, which has a karaoke bar, Jin Go Gae, Imone and K-Town for a buffet where you can eat all you can; fitness center, swimming pool and sports facilities at the Malden Center; New Malden Sports Club; Malden Golf Club; Jurassic Encounter Adventure Golf.
Open space: ★★★ ✩✩ Beverley Park has a renewed playground and new tennis courts; Green Lane Recreation Area; Manor Park; Hogsmill River Trail.
Schools: ★★★★★ Above average GCSE and A-level grades; all local state schools rated as excellent or good by Ofsted; to Tiffin High Schools in Kingston upon Thames.
Crime: Well below average.
Who lives there? Families and first-time buyers, including about 20,000 Korean residents.
Famous faces: Scenes in series three of the BBC thriller Killing Eve were filmed in the Korean restaurant Han.
What’s on the property ladder?
A newly renovated maisonette on the ground floor with a double bedroom, a living room with bay, kitchen / dining room, shower room and a garden.
Check it out via Dexters.
There is potential to add both space and value to this 3-bedroom townhouse, which is conveniently located in relation to the main street, schools and train station.
Check it out via Curchods.
On one of the area’s best roads, this detached Edwardian house has six bedrooms, three bathrooms, a study and a living room with original oak paneling.
Check it out on Robert Holmes.
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