Downsizing in New Malden: What You Would Actually Release
Selling at the £675,000 New Malden average and buying at £472,500 releases about £176,050 after costs. Fees, stamp duty and moving take roughly £26,450 of it.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Selling at the £675,000 New Malden average and buying at £472,500 releases about £176,050 after costs. Fees, stamp duty and moving take roughly £26,450 of it.
The downsizing sum for New Malden
Start with the gap. Selling at £675,000 and buying at 70% of that, £472,500, leaves £202,500 before costs. Costs are the part people underestimate.
Agent fees at 1.5% are £10,125. Stamp duty on the purchase is £13,625. Total £26,450, leaving £176,050 in hand.
Where the sale proceeds go
The commercial page for this town sets out the introduction itself: Equity release in New Malden.
Moving or borrowing, compared honestly
A lifetime mortgage at 65 on the same property would release about £229,500. Downsizing nets £176,050. The difference is that downsizing costs you the house, and equity release costs you the estate.
Over twenty years that £229,500 release grows to roughly £808,677. The downsizing figure does not grow at all, because there is no debt.
Moving within London rather than out of it keeps you near family and known services. The average price across the county towns we cover is £732,469, against £675,000 here.
Bands, stock and timing
Council tax follows the property, not the person. Band D in New Malden is £2,608, and a smaller home may sit in a lower band. Check the band before you offer, not after.
Downsizing works best when you are not in a hurry.
What a move within New Malden looks like
The schools families ask about here are Coombe Boys' School, Coombe Girls' School, Burlington Junior School and Corpus Christi Catholic Primary School. 4 local schools were rated Good or Outstanding overall at their most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: New Malden to London Waterloo takes about 20 to 25 min.
By price, New Malden ranks 129 of the 320 London locations we cover, at £675,000 against a county average of £732,469. Band D council tax here is £2,608, against an average of £2,121 across the towns we cover in the county.
Is New Malden right to stay in?
New Malden is a well-connected, family-friendly suburb with a famous Korean High Street.
The full local guide covers schools, transport and the market in detail: New Malden property and area guide.
- A comfortable, well-connected family suburb
- South Western Railway to Waterloo
- Well-regarded Coombe schools
- A famous Korean High Street & food scene
- Family parks & Richmond Park nearby
- A premium suburb at London prices
- No Underground station
- The area is competitive for school places
- The A3 (Kingston bypass) runs through the suburb
- Surface-water & brook flood risk near the Beverley Brook & Hogsmill
| Who it suits | Out of five | Why |
|---|---|---|
| Families | ★★★★★ | Well-regarded schools (the Coombe schools, Coombe Boys' and Coombe Girls', both Good, plus Burlington Junior and Corpus Christi RC, both Good), family parks such as Beverley Park, a great food scene and Kingston Hospital nearby make this a strong family suburb. |
| Commuters | ★★★★☆ | South Western Railway trains to Waterloo (often ~20 to 25 min) and quick links to Wimbledon and Clapham Junction, plus the A3, make New Malden a strong commuter base, though there is no Underground station. |
| Professionals | ★★★★☆ | A comfortable suburb with a distinctive High Street and famous food scene, family parks and fast Waterloo trains suits professionals wanting suburban space and connectivity. |
| Upsizers | ★★★★☆ | Large interwar and Edwardian houses, and the exclusive Coombe mansions on the Kingston Hill side, give real family space and gardens, at a premium, but with schools, parks and a fast commute. |
| First-time buyers | ★★★☆☆ | Purpose-built flats (often around £350,000 to £500,000) offer a way into a well-connected family suburb, but house prices are firmly at premium London levels. |
New Malden is known locally for The Korean community ("Little Korea"), and Coombe & Richmond Park. New Malden is famous as the centre of Europe's largest Korean community, its High Street food scene of Korean restaurants and supermarkets is a genuine London destination.
Practical detail for New Malden: the KT3 postcode district, New Malden (South Western Railway main line to Waterloo, ~20 to 25 min), NO Underground station and nearest A and E is Kingston Hospital (KT2), a short distance west, verify with NHS.
New Malden has history behind the price. In 1846, The railway opens a station on the main line out of Waterloo, and "New" Malden develops around it.
New Malden at a glance
| Downsizing line | New Malden figure |
|---|---|
| Sale price, local average | £675,000 |
| Purchase at 70% of value | £472,500 |
| Estate agent at 1.5% | £10,125 |
| Stamp duty on purchase | £13,625 |
| Legal and moving | £2,700 |
| Total costs | £26,450 |
| Net released | £176,050 |
| Lifetime mortgage alternative at 65 | £229,500 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about New Malden
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- A real valuation of your home, not the £675,000 average
- The council tax band of the property you are buying
- Total moving costs of about £26,450
- The equity release comparison, in writing, before you decide
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in New Malden
Broadband speeds can vary street by street in New Malden, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much would I release by downsizing in New Malden?
Is downsizing better than equity release?
What are the costs of moving?
How do I check broadband speed at a property in New Malden?
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