1 - 7, Old Queen Street, London, City Of Westminster, Greater London, SW1H 9JA

Commercial
22.4%
PROPERTY VALUATION
£
Last sold: December 2021
VALUATION RANGE
£43.25M - £46.38M
LOW OFFER | HIGH OFFER
PRICE CHANGE
£8,216,163
Percentage change: +22.4%

This valuation does not take into account any home improvements or extensions made to the property.

UPDATE VALUATION

Property summary Last updated: 02/04/2024

Last updated: 02/04/2024

1 - 7, Old Queen Street is a property - it is ranked as the most expensive property* in SW1H 9JA, with a valuation of £44,814,000.

Since it last sold in December 2021 for £36,597,837, its value has increased by £8,216,163.

4 properties have sold at an average price of £3,728,000 in SW1H 9 over the last 12 months.

Get an updated valuation by simply telling us about any renovations made.

22%
This property has increased in price by 22% since it last sold 2 years ago
594%
This property is 594% more expensive than average in Old Queen Street, SW1H 9JA

Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £43.25M and £46.38M.

  • The property turned out to be a amazing investment for the previous owner - returning on average 35.0% per annum.

Sale history

The most paid for a property in Old Queen Street, SW1H 9JA was £36,597,837 in 2021.

Date Price Change
Today's value* £44,814,000 £8.22M 22.4%
17 Dec 2021 £36,597,837 £12.6M 52.5%
22 Jul 2020 £24,000,000 -
Recent sales in the surrounding roads
Searching for recent sales near here

If we valued this property using the average cost per square foot (CPSF):

  • Using the average CPSF for properties just in the postcode - it would be worth £5.19M.
  • Using the average CPSF for the whole road - it would be worth £6.88M.

This assumes that the property has an internal floor area of 1,802 square feet.

For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.

The local market - Old Queen Street, SW1H 9JA

  • The average property value here is £6,453,000.
    • Valuations range from £1,355,000 to £44,814,000.
  • 15 properties have sold in SW1H 9JA over the last 5 years.
  • Old Queen Street has 2 postcodes associated with it.
    • The average price of property in Old Queen Street is £9,003,735.
    • Property in Old Queen Street typically sells for between £3,244 and £4,388 per square foot.
    • Properties in Old Queen Street are currently valued at an average cost per square foot of £3,816.
Investment Performance
Annual change: 35%

The previous owner had the property for 1 year and 4 months, having purchased it in July 2020 for £24,000,000.

During this time, the price rose by £12,597,837 (52.5%), which equates to it increasing in value by 35% each year.

The property turned out to be a amazing investment for the previous owner.

The two most recent sales have been recorded as a non-residential transactions. This could be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.

1 - 7, Old Queen Street, London is a property.
OFFERS EXPECTED TO BE IN THE REGION OF:
£43.25M - £46.38M

Most likely sale price: £44.81M

How does this property compare to others in Old Queen Street, SW1H 9JA?
594% MORE

Valuation details

The most likely sale price is £44,814,000 but at the lower end we think it should fetch a minimum of £43,246,000.

This property has increased in price by £8,216,163 since it last sold in 2021 - this equates to a 9% rise each year.

Essential info

  • Freehold property

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £60,767,000.

PropertyValuation
Flat 13, 35 Old Queen Street
1442 sq.ft.
£3,615,000
Flat 11, 35 Old Queen Street
1442 sq.ft.
£3,768,000
17 Old Queen Street, London, City Of Westminster, Greater London, SW1H 9JA 17 Old Queen Street, London
4 bed | 2637 sq. ft.
£6,851,000
21 Old Queen Street, London
2723 sq.ft.
£8,545,000
1 - 7, Old Queen Street
£44,814,000

The property market across SW1H 9

  • The average price paid for all property types in the area SW1H 9 over the past year is £3.73M.
  • Properties have been selling for £1,290 per square foot across SW1H 9.
  • 4 properties have sold over the last 12 months (in the area coverring SW1H 9).
What does it cost to live in this area?

Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.

The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.

In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.

If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.

A number of things can make a property more desirable and sell for more money per square foot than others in the area.

Some of the things that can cause a property to be worth more per square foot include:

  • Good school catchment area
  • Good transport links
  • Bigger garden
  • Offstreet parking and garages
  • High quality architectural designs (a.k.a pretty houses!)
  • Good quality home improvements

We use multiple data sources to provide reliable property information to you.

Some of the data sources we use are:

  • HM Land Registry
  • Ordnance Survey
  • Department for Levelling Up, Housing & Communities
  • Royal Mail
  • Estate agents
  • Property listings

* Excluding properties that we've been unable to calculate a valuation for. ** Excludes property transactions that occurred before 1995.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.

Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.

The latest HM Land registry data covers property transactions up until 29/02/2024 - this was released on the 28/03/2024.