New Build Investor Guide – Kingston upon Thames

May 2021

Buying a new build property off plan? Check out our Area Guide first

Are you considering purchasing a new build, off plan property in Brent? Want to get the latest information on house prices, demographics and other useful information before you commit to a deal?

Our Area Guides give you the latest relevant information from local governments, the Census and the Office of National Statistics (ONS) data. They’re designed for offshore, new build property investors to help you understand an area in detail so you can make informed investment decisions.

Read on for investor details specifically about Brent but if it’s more detail about the wider UK property market you need, you can download our latest report here. In our report we address two key questions:

1 Is investing in UK residential property still worth it?
2 If so, where are the best opportunities for property investors and why?

Kingston upon Thames, London

Kingston upon Thames is one of 20 outer London boroughs and is located in south west London.  Spanning just over 9 square miles, it is the 18th largest London borough by area. South of the Thames, it borders the county of Surrey, the river Thames and the London boroughs Richmond upon Thames, Wandsworth, Merton and Sutton. The major towns include Kingston upon Thames, Surbiton and Tolworth.


Demographics

Kingston upon Thames’ population is forecast to grow by more than 12.5% by 2030

Population (2018) 179,581
Forecast Population 2030 202,034

Source: data.london.gov.uk


Economically Active Population

A largely young, diverse, mobile population.

Age Range Percentage of population
16 – 64 67%
Under 15 20%
Over 65 13%
Martial Status:  
Single 40%

Source: data.london.gov.uk


Average Life Expectancy

The average life expectancies for those born in Kingston upon Thames between 2016 and 2018 are below.

Males 82 (UK average is 79). Males born in Kingston upon Thames have the 7th longest life expectancy of all London boroughs.
Females 85 (UK average is 83). Females born in Kingston upon Thames have the 10th longest life expectancy of all London boroughs.

Source: ons.gov.uk


Population Density (2011)

Kingston upon Thames has 4,764 people per km2. Lower than the London average of 5,701 people per km2 and the 11th lowest density of all London boroughs.

Source: ons.gov.uk

International Migration (2018-19)

3,590 new residents from overseas moved to Kingston upon Thames in 2018 -2019. Twenty-four London borough’s welcomed more new residents from overseas than Kingston upon Thames.

Source: ons.gov.uk

Country of Birth

Location of Birth Proportion of Population
UK and Ireland 73%
EU 7%
Other countries 20%

Source: data.london.gov.uk


Crime & Safety

Crime Numbers (April 2017 – March 2018)   11,402
Crime rate per 1,000 population (April 2017 -March 2018) 65
Kingston upon Thames has the 4th lowest crime rate per 1,000 people of all London boroughs.  

Source: data.london.gov.uk


Education

Schools

Primary Schools 50 (9 of which have an Ofsted rating of outstanding)
Secondary Schools      23 (9 of which have an Ofsted rating of outstanding)
Schools and Colleges (16-18 years) 20 (9 of which have an Ofsted rating of outstanding)

Source: compare-school-performance.service.gov.uk


Universities

Kingston University London

Hospitals

Kingston Hospital
New Victoria Hospital
Tolworth Hospital

General Wellbeing

Population considering themselves in very good health 53%
Population considering themselves in very bad health less than 1%

Source: data.london.gov.uk

Employment & Economy

76% of working aged people employed (compared to 75% across England 74% across London).

Top 4 Sectors of Employment

Public administration, education and health   31%
Finance, banking and insurance 20%
Distribution, hotels and restaurants 16%
Transport and communications 13%

Source: data.london.gov.uk


Major Employers

In 2020, there were 25 companies in the borough employing more than 250 people and 105 companies employing between 50 and 249 people. (source: nomisweb.co.uk).

Jobs and Job density

Aproximately 33,432 residents of Kingston upon Thames also work in the borough. 32,950 people travel into the borough each day for work and 41,360 residents work outside the borough. The daytime population of the borough therefore decreases by 8,410 people each day. (source: data.london.gov.uk).

Median Gross Annual Pay for full-time employee jobs (2017) £31,365
Number of jobs in the borough (2019)            92,000
Jobs per resident        0.49 (London average 1.03 and UK average 0.87)

Source: nomisweb.co.uk and data.london.gov.uk

Housing

Number of residential properties in Kingston upon Thames 66,680

Source: data.london.gov.uk


Property Ownership (2018)

own property outright (no mortgage) 31%
own property with mortgage 30%
rent from a Housing Authority or the Local Authority 13%
rent from a private landlord (representing approximately 17,100 private rentals) 26%

Source: data.london.gov.uk

Households with no car or van (2011) 25%

Source: nomisweb.co.uk


Household Composition

One person households    29%
One family households     60%
Other  (sharers / students etc)   11%

Source: nomisweb.co.uk


Average House Prices

Average house prices in Kingston upon Thames are the 17th most expensive of the 32 London boroughs.

Average achieved price January 2020 £489,836
Average achieved price January 2021 £498,102
Increase/Decrease  +1.7%

Source: www.gov.uk


Volume of Sales

During the COVID pandemic, the number of property transactions in the borough of Kingston upon Thames fell by 24%. Ten London boroughs saw larger drops in transaction volumes than Kingston upon Thames.

Number of residential sales to year ending September 2019 2,147
Number of residential sales to year ending September 2020    1,629

Source: ons.gov.uk


Achieved Rents (January to December 2020)

Mean monthly average rents in the Royal Borough of Kingston upon Thames:

  London Median Rents
(per calendar month)
Kingston upon Thames
(per calendar month)
Studio     £950 £850
1 bedroom £1,200 £1,100
2 bedrooms £1,450 £1,350
3 bedrooms £1,750 £1,750

Source: london.gov.uk


New Build Developments in Kingston upon Thames

There are six large new build developments in Kingston upon Thames with apartments currently available for sale. Average asking prices for four of these developments are set out below.

Construction PropTech Pioneer

One New Malden (Vision Homes)

Total Number of properties 93 (77 private)
First launched March 2018

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Average Prices – One New Malden

  Minimum Average Maximum
Price £375,000 £513,380 £775,000
Price per ft² £498 £631 £716
Area (ft²) 538 830 1,317

source: Molior

  Minimum Average Maximum
1 Bedroom £375,000 £387,143 £425,000
2 Bedroom £465,000 £499,955 £525,000
3 bedroom £550,000 £660,714 £775,000

source: Molior


Royal Exchange (St George)

Total Number of properties 320 (267 private)
First Launched October 2019

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Average Prices – The Exchange

  Minimum Average Maximum
Price £495,000 £756,767 £1,250,000
Price per ft² £762 £892 £1,004
Area (ft²) 546 793 1,106

source: Molior

  Minimum Average Maximum
1 Bedroom £495,000 £545,750 £586,000
2 Bedroom £682,000 £794,719 £894,000
3 Bedroom £1,065,000 £1,132,500 £1,250,000

source: Molior


Newlands House (Kingmead Homes)

Total Number of apartments 41 private
First Launched October 2020

Visit Website


Average Prices – Kingmead House

  Minimum Average Maximum
Price £425,000 £594,167 £750,000
Price per ft² £642 £743 £816
Area (ft²) 521 805 1,054

source: Molior

  Minimum Average Maximum
1 Bedroom £425,000 £432,500 £440,000
2 Bedroom £600,000 £612,500 £625,000
3 Bedroom £725,000 £737,000 £750,000

source: Molior


Riverside Place (Rose Portfolio)

Total Number of apartments 26
First Launched August 2020

Average Prices – Riverside Place

  Minimum Average Maximum
Price £393,353 £505,762 £624,414
Price per ft² £703 £732 £767
Area (ft²) 538 690 861

source: Molior

  Minimum Average Maximum
1 Bedroom £393,353 £401,458 £409,562
2 Bedroom £524,471 £575,298 £624,414

source: Molior


Environment & Leisure

There are several parks and green spaces and nature reserve in Kingston upon Thames.

Facilities in the borough include:

8 leisure centres
8 libraries
Extensive shopping facilities in Kingston town centre.
Chessington World of Adventures Theme Park.

Transport

Kingston upon Thames’ overground and underground stations are in Zones 4, 5 and 6.

Overground Stations

Berrylands Chessington North
Chessington South Kingston
Hounslow New Malden
Norbiton Surbiton
Tolworth Worcester Park

Station usage Excel sheet (2010-2011)

Underground Stations

There are no underground stations in The Royal Borough of Kingston upon Thames.

Local Government

The Labour Party

UK market report 1536x768 2 PropTech Pioneer