Great schools and affordable houses are making New Malden a buyer's paradise

For great schools, keenly priced homes and knockout Korean food, you can’t do better than this London suburb.

An outer London suburb might seem an unlikely location for a centre of Korean culture, but New Malden happens to be home to Europe’s largest Korean community, and foodies come from afar to sample authentic kimchi, bibimbap and bulgogi from the supermarkets and restaurants dotted along the high street.

Home buyers are flocking in, too, for the high-performing schools, relative affordability and hassle-free commute, with Waterloo trains every ten minutes and the A3 close by for a quick link to the M25. For those playing the long game, New Malden is on the proposed Crossrail 2 route.

The balance is tilted firmly in favour of 1930s houses, but there are pockets of older stock.

‘New Malden offers everything from stunning Edwardian properties with high ceilings to new developments,’ says Foxtons’ Adam Broholm. ‘We have more houses than flats, which is why we get so many families looking to buy in the area.’

Anthony Bell, of Dexters, says New Malden is more affordable than neighbouring Wimbledon or Kingston. ‘You can get a one-bedroom flat for £300,000 to £350,000 while starter family homes go for about £550,000 to £650,000.’

What’s new in the area?

The third phase has been released at Kingston East, in Kingston Road, by Fairview New Homes. The one, two and three-bedroom flats all have private outside space and the scheme’s podium gardens will soon be unveiled.

On weekends this month, would-be buyers can hire a bicycle 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 new-build two-bedroom houses at Hyder Court, a two-minute walk from the station. Accessed via a private mews, 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 flats, a short distance from the high street. They feature open-plan layouts, fully fitted kitchens and in most cases, a terrace.

From £390,000 with Help to Buy.

Sovereign House is a scheme of seven one, two and three-bedroom flats, with hi-gloss kitchens, Bosch appliances, engineered wood flooring and smart thermostats. Help to Buy is available.

Prices from £399,950 for a one-bedroom home with an office.

Today, Paragon Asra housing is launching Nest, with one and two-bedroom shared ownership flats between New Malden and Kingston.

They start from £140,000 for a 40 per share of a one-bedroom home with a terrace, full market value £350,000.

Everything potential buyers need to know about New Malden

Average house price: £667,560

Average rent: £2,100 per month.

Council tax (Band D): £2,154.21

Commuting time to Zone 1: from 24 mins to Waterloo.

Annual Travelcard (Zone 4): £2,208

Amenities: ★★★✩✩ Waitrose, Tesco Extra, Aldi, Lidl, H Mart, Korea Foods and Seoul Plaza supermarkets; Korean restaurants include Han, which has a karaoke bar, Jin Go Gae, Imone and K-Town for an all-you-can-eat buffet; gym, swimming pool and sports facilities at the Malden Centre; New Malden Sports Club; Malden Golf Club; Jurassic Encounter Adventure Golf.

Open space: ★★★✩✩ Beverley Park has a revamped playground and new tennis courts; Green Lane Recreation Ground; Manor Park; Hogsmill River Trail.

Schools: ★★★★★ Above average GCSE and A-level grades; all local state schools rated outstanding or good by Ofsted; two Tiffin grammar schools in Kingston upon Thames.

Crime: Well below average.

Who lives there? Families and first-time buyers, including around 20,000 Korean residents.

Famous faces: Scenes in Series Three of BBC thriller Killing Eve were filmed in Korean restaurant Han.

What’s on the property ladder?

£375,000

A recently refurbished ground-floor maisonette with one double bedroom, a bay-fronted living room, kitchen/diner, shower room and a garden.

Check it out via Dexters.

£650,000

There is potential to add both space and value to this three-bedroom terrace house, which is conveniently located for the high street, schools and train station.

Check it out via Curchods.

£1,895,000

In one of the area’s best roads, this detached Edwardian house has six bedrooms, three bathrooms, a study and a drawing room with original oak panelling.

Check it out on Robert Holmes.

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