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
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.
One New Malden (Vision Homes)
| Total Number of properties | 93 (77 private) |
| First launched | March 2018 |
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 |
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 |
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
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