2 Pollards Hill West, London, Croydon, Greater London, SW16 4NS

Detached
1453 sq ft
5%
PROPERTY VALUATION
£
Price change: +£30,000
Since last sold: May 2016
VALUATION RANGE
£563k - £617k
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £590k, we expect this property to be in poor condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

2 Pollards Hill West, London is a detached house spread over 1,453 square feet, making it one of the smaller properties here - it is ranked as the 8th most expensive property* in SW16 4NS, with a valuation of £590,000.

Since it last sold in May 2016 for £560,000, its value has increased by £30,000.

Advertisement

Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £563k and £617k.

  • The property turned out to be a amazing investment for the previous owner - returning on average 23.5% per annum.

  • 5 detached houses have sold at an average price of £753,600 over the last 12 months (in the area coverring SW16 4).

  • Built between 1930 and 1949, the property has sold twice over the last 29 years.

  • At a sale price of £590k, we expect this property to be in slightly worse condition than the neighbouring properties.
  • This property has a lower cost per square foot than other properties in the area, which is why we think it is more likely to be in worse condition. This can be caused by a lack of general upkeep but it can also arise if the property has had a low quality extension. Typically houses with conservatory's often have a lower cost per square foot as whilst these make the property bigger, they tend to be cheaper to build and less usable.
  • At a valuation of £590k it has a cost per square foot of £406, which is slightly less than the average for the area. The average cost per square foot for property here is £461.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £670k. 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:
£590k
Average house price:
£921k
Most expensive:
£1.39M
Advertisement
5.4%
This property has increased in price by 5.4% since it last sold 7 years ago
36%
This property is 36% less expensive than average in Pollards Hill West, SW16 4NS

Sale history

The most paid for a property in Pollards Hill West, SW16 4NS was £1,120,000 in 2018.

Date Price Change
Today's value* £590,000 5.4%
13 May 2016 £560,000 12.0%
30 Oct 2015 £500,000 -
2 Pollards Hill West, London is a detached house with 1,453 square feet of internal space built between 1930 and 1949.
Advertisement

Valuation details

The most likely sale price is £590,000 but at the lower end we think it should fetch a minimum of £563,000.

On a cost per square foot basis, this property is valued at 12% less than the other houses in this postcode.

This property has increased in price by £30,000 since it last sold in 2016 - this equates to a 0.7% 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 £679,000.

Mortgage repayment calculator
Investment Performance
Annual change: 23.5%

Was It A Good Investment?

The previous owner had the property for 6 months, having purchased it in October 2015 for £500,000.

During this time, the price rose by £60,000 (12%), which equates to it increasing in value by 23.5% each year.

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

The sale on 30 October 2015 was recorded as a non-residential transaction. This could be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.

How does this property compare?

  • Most likely sale price: £590,000.
    • Offers likely to be accepted between £563,000 and £617,000.
    • Cost per squre foot: £406 (at a valuation of £590,000) - the average cost per square foot for this postcode is £461.
  • Freehold detached house.
    • 1,453 square feet.
  • Property energy rating: 12.
    • This is below average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW16 4NS

  • The average property price for this postcode is £921,000.
    • Prices here range from £590,000 to £1,392,000.
    • Expect to pay £391 to £530 per square foot for property in SW16 4NS.
  • Only one property has sold in SW16 4NS over the last 5 years.
  • Pollards Hill West has 3 postcodes associated with it.
    • The average price of property in Pollards Hill West is £846,125.
    • Property in Pollards Hill West typically sells for between £418 and £566 per square foot.
    • Properties in Pollards Hill West are currently valued at an average cost per square foot of £492.

The property market across SW16 4

  • The average price paid for a detached house in the area SW16 4 over the past year is £754k.
  • Detached houses have been selling for £473 per square foot across SW16 4.
  • 5 detached houses have sold over the last 12 months (in the area coverring SW16 4).
What does it cost to live in this area?

Valuation accuracy

If the automated valuation doesn't look right you can create a custom valuation report by finding comparable properties near by to generate a fresh valuation.

Create valuation report
Recent sales in the surrounding roads
Searching for recent sales near here

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.