Somerset Close - KT3 5RE
Key Postcode Insights
KT3 5RE is a residential postcode situated on Somerset Close, New Malden, KT3 with 12 addresses.
It ranks as the 175th largest and 201st most expensive of the 692 postcodes in the KT3 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 houses.
- Ave. Sale Price
- £471,056
- 10 Year change
- up 20.0%
- Ave. Rental Price
- £2,147pcm
- 10 Year change
- up 56.6%
- Ave. £ per ft²
- £656/ft²
- Ave. Gross Yield
- 5.5%/year/yr
Key Postcode Insights
KT3 5RE is a residential postcode situated on Somerset Close, New Malden, KT3 with 12 addresses.
It ranks as the 175th largest and 201st most expensive of the 692 postcodes in the KT3 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 houses.
- Ave. Sale Price
- £471,056
- 10 Year change
- up 20.0%
- Ave. Rental Price
- £2,147pcm
- 10 Year change
- up 56.6%
- Ave. £ per ft²
- £656/ft²
- Ave. Gross Yield
- 5.5%/year/yr
Explore Propertiesin KT3 5RE
- 65 Somerset Close
House
- 67 Somerset Close
3 Bed Modern House
- 69 Somerset Close
3 Bed Modern House
- 71 Somerset Close
3 Bed Mid-century House
- 73 Somerset Close
House
Sales Market Trends
The last sale in KT3 5RE sold for £500,000 on 29th October 2024. Since then prices are up an average of 1.0%.
The current average value in the postcode is £471,056.
The KT3 5RE Sales Market has increased by 20.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.1% | £471,056 |
| June 2025 | 1.6% | £470,789 |
| June 2024 | -0.5% | £463,600 |
| June 2023 | 1% | £465,803 |
| June 2022 | 7.9% | £461,093 |
| June 2021 | 5.7% | £427,344 |
| June 2020 | 3.6% | £404,273 |
| June 2019 | -1.4% | £390,295 |
| June 2018 | -1.6% | £395,881 |
| June 2017 | 2.5% | £402,410 |
| June 2016 | 9.6% | £392,506 |
| June 2015 | 8.2% | £358,006 |
| June 2014 | 21.8% | £330,913 |
| June 2013 | 7.3% | £271,588 |
| June 2012 | 3.1% | £253,003 |
| June 2011 | 1.8% | £245,413 |
| June 2010 | 14.4% | £241,035 |
| June 2009 | -13.1% | £210,747 |
| June 2008 | 0.6% | £242,481 |
| June 2007 | 0% | £241,024 |
Rental Market Trends
The current average rental value in the postcode is £2,147.
The KT3 5RE Rental Market has increased by 56.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.1% | £2,147pcm |
| June 2025 | 3.7% | £2,062pcm |
| June 2024 | 5% | £1,988pcm |
| June 2023 | 13.9% | £1,894pcm |
| June 2022 | 11.6% | £1,663pcm |
| June 2021 | 4.1% | £1,490pcm |
| June 2020 | 4% | £1,432pcm |
| June 2019 | 2.1% | £1,376pcm |
| June 2018 | -0.9% | £1,348pcm |
| June 2017 | -0.7% | £1,361pcm |
| June 2016 | 3.4% | £1,371pcm |
| June 2015 | 4.6% | £1,326pcm |
| June 2014 | 8.1% | £1,267pcm |
| June 2013 | 2% | £1,172pcm |
| June 2012 | 3.6% | £1,149pcm |
| June 2011 | 7.8% | £1,109pcm |
| June 2010 | 6.3% | £1,028pcm |
| June 2009 | -8.1% | £967pcm |
| June 2008 | 6.5% | £1,052pcm |
| June 2007 | 0% | £988pcm |
Sales History
The last sale was on 29th October 2024 for £500,000 and since then the market in the area has increased by 1.0%. The postcode has had a total of 24 sales since 1995.
KT3 5RE has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Oct 2024£500,000 | 3 Bed House83, Somerset Close, New Malden, KT3 5RE83, Somerset Close, New Malden, KT3 5RE
- Sold Oct 2022£420,000 | 3 Bed House75, Somerset Close, New Malden, KT3 5RE75, Somerset Close, New Malden, KT3 5RE
- Sold Jun 2021£408,500 | 3 Bed House67, Somerset Close, New Malden, KT3 5RE67, Somerset Close, New Malden, KT3 5RE
- Sold May 2021£400,000 | 3 Bed House79, Somerset Close, New Malden, KT3 5RE79, Somerset Close, New Malden, KT3 5RE
- Sold Jul 2019£355,000 | 3 Bed House83, Somerset Close, New Malden, KT3 5RE83, Somerset Close, New Malden, KT3 5RE
Nearby Postcodes
KT3 5RE is the 175th largest and the 201st most expensive postcode out of the 692 postcodes in the KT3 area.
- KT3 5JW, Knightwood Crescent, New Malden, KT3KT3 5JW37 Addresses|71 m away
- KT3 5QQ, Bodley Close, New Malden, KT3KT3 5QQ7 Addresses|85 m away
- KT3 5JP, Knightwood Crescent, New Malden, KT3KT3 5JP26 Addresses|93 m away
- KT3 5RQ, Meadow Hill, New Malden, KT3KT3 5RQ30 Addresses|126 m away
- KT3 5QG, Savile Close, New Malden, KT3KT3 5QG9 Addresses|144 m away
Property Types
- 3 modern houses built after 1980
- 5 mid-century houses built between 1936 and 1979
- 4 other addresses of unknown type
- modern house (3)
- mid-century house (5)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 8 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (5)
- G (0)
- D (3)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold Oct 2022£870,000 | 4 Bed House53, Somerset Close, New Malden, KT3 5RG53, Somerset Close, New Malden, KT3 5RG
- Sold Dec 2021£628,000 | 4 Bed House19, Somerset Close, New Malden, KT3 5RG19, Somerset Close, New Malden, KT3 5RG
- Sold Sep 2020£600,000 | 4 Bed House2D, Somerset Close, New Malden, KT3 5RF2D, Somerset Close, New Malden, KT3 5RF
Schools Nearby
- Malden Manor Primary and Nursery School800 m away
- Burlington Junior School1.0 km away
- Burlington Infant and Nursery School1.0 km away
- The Holy Cross School600 m away
- Coombe Boys' School800 m away
- Richard Challoner School1.0 km away
More reading links
Public Transport Nearby
The closest station to KT3 5RE is Malden Manor station, which is 1.0 kilometres away.
- Malden Manor|1.0 km away
- New Malden|1.2 km away
- Motspur Park|1.4 km away
- Worcester Park|1.6 km away
