248, SOUTH LANE, NEW MALDEN, KT3 5RW - £600,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

248 SOUTH LANE is a very small extended detached house of 100m², built sometime between 1930 and 1949. It was last sold for £600,000 in March 2021, which was around 40% below the average March 2021 detached price in the Kingston upon Thames local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

248 SOUTH LANE Sold Prices

Land registry data shows three sales for 248 SOUTH LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Kingston upon Thames local authority area for the corresponding sale date. All of the three 248 SOUTH LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 15 MAR	£600,000	£1,005,839	40% below HPI
2014 23 APR	£455,800	£772,193	41% below HPI
2001 30 MAY	£217,000	£351,136	38% below HPI

248 SOUTH LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Kingston upon Thames local authority area over time, sourced from the HPI. The three 248 SOUTH LANE sales between May 2001 and March 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2014 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the March 2021 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 248 SOUTH LANE?

248 SOUTH LANE is 100m², which includes two extensions, according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 248 SOUTH LANE lies on this distribution: 20% of detached houses are smaller than 248 SOUTH LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in London.

248 SOUTH LANE: Plot and Title Map

248 SOUTH LANE sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 248 SOUTH LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 248 SOUTH LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 248 SOUTH LANE?

248 SOUTH LANE is located in NEW MALDEN, in the KT3 postcode district. The below map shows the position of No. 248 on SOUTH LANE.