18 Altenburg Gardens, London, Wandsworth, Greater London, SW11 1JJ

Terraced
2250 sq ft
20%
PROPERTY VALUATION
£
Price change: +£357,000
Since last sold: February 2014
VALUATION RANGE
£2.03M - £2.18M
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £2.11M, we expect this property to be in a reasonable condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

18 Altenburg Gardens, London is a terraced house spread over 2,250 square feet, making it one of the largest properties here - it is ranked as the most expensive property* in SW11 1JJ, with a valuation of £2,107,000.

Since it last sold in February 2014 for £1,750,000, its value has increased by £357,000.

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Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £2.03M and £2.18M.

  • The property turned out to be a amazing investment for the previous owner - returning on average 56.3% per annum.

  • 21 terraced houses have sold at an average price of £1,498,880 over the last 12 months (in the area coverring SW11 1).

  • Built between 1900 and 1929, the property has sold three times over the last 29 years.

  • At a sale price of £2.11M, we expect this property to be in a similar condition to the neighbouring properties.
  • Most properties in the local area tend to sell within quite a small price range when using the cost per square foot as the valuation method - this property is within the normal expected price range for this area and it is why we think it is in a reasonable condition.
  • At a valuation of £2.11M it has a cost per square foot of £936, which is comparable with the average for properties for the area. The average cost per square foot for property here is £946.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £2.13M. 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.
  • We use survey data provided by RICS qualified surveyors to obtain the property's size. This is calculated in a slightly different way to how an estate agent will measure a property as it only includes habitable space.
  • To calculate the price per square foot, you divide the property's sale price by its total square footage.
Prices start at:
£31k
Average house price:
£1.02M
Most expensive:
£2.11M
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20%
This property has increased in price by 20% since it last sold 10 years ago
107%
This property is 107% more expensive than average in Altenburg Gardens, SW11 1JJ

Sale history

The most paid for a property in Altenburg Gardens, SW11 1JJ was £1,750,000 in 2014.

Date Price Change
Today's value* £2,107,000 20.4%
24 Feb 2014 £1,750,000 70.7%
14 Dec 2012 £1,025,000 119.0%
18 Altenburg Gardens, London is a terraced house with 2,250 square feet of internal space built between 1900 and 1929.
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Valuation details

The most likely sale price is £2,107,000 but at the lower end we think it should fetch a minimum of £2,033,000.

On a cost per square foot basis, this property is valued at 1% less than the other houses in this postcode.

This property has increased in price by £357,000 since it last sold in 2014 - this equates to a 1.9% rise each year.

If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.

A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller garden (for more information see our valuation review) of this property.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £2,423,000.

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Investment Performance
Annual change: 56.3%

Was It A Good Investment?

The previous owner had the property for 1 year and 2 months, having purchased it in December 2012 for £1,025,000.

During this time, the price rose by £725,000 (70.7%), which equates to it increasing in value by 56.3% each year.

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

How does this property compare?

  • Most likely sale price: £2,107,000.
    • Offers likely to be accepted between £2,033,000 and £2,181,000.
    • Cost per squre foot: £936 (at a valuation of £2,107,000) - the average cost per square foot for this postcode is £946.
  • Freehold terraced house.
    • 2,250 square feet.
  • Property energy rating: 57.
    • This is below average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW11 1JJ

  • The average property price for this postcode is £1,017,000.
    • Prices here range from £31,000 to £2,107,000.
    • Expect to pay £804 to £1,087 per square foot for property in SW11 1JJ.
  • 6 properties have sold in SW11 1JJ over the last 5 years.
  • Altenburg Gardens has 4 postcodes associated with it.
    • The average price of property in Altenburg Gardens is £1,116,678.
    • Property in Altenburg Gardens typically sells for between £800 and £1,082 per square foot.
    • Properties in Altenburg Gardens are currently valued at an average cost per square foot of £941.

The property market across SW11 1

  • The average price paid for a terraced house in the area SW11 1 over the past year is £1.5M.
  • Terraced houses have been selling for £902 per square foot across SW11 1.
  • 21 terraced houses have sold over the last 12 months (in the area coverring SW11 1).
What does it cost to live in this area?

Valuation accuracy

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Things to check before buying a new home

Working out a property's valuation can be tricky but we are here to help you get the information you need to know before putting in an offer.

* 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 31/01/2024 - this was released on the 28/02/2024.