2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ

Terraced
7
4510 sq ft
15%
PROPERTY VALUATION
£
Price change: +£732,125
Since last sold: October 2019
VALUATION RANGE
£5.4M - £5.79M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £5.59M, we expect this property to be in very good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

2 Rectory Grove, London is a 7 bedroom terraced house spread over 4,510 square feet, making it one of the largest properties here - it is ranked as the most expensive property* in SW4 0DZ, with a valuation of £5,594,000.

Since it last sold in October 2019 for £4,861,875, its value has increased by £732,125.

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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 £5.4M and £5.79M.

  • The property turned out to be a amazing investment for the previous owner - returning on average 14.3% per annum.

  • 16 terraced houses have sold at an average price of £2,229,125 over the last 12 months (in the area coverring SW4 0).

  • At a sale price of £5.59M, we expect this property to be in a substantially better condition than the neighbouring properties.
  • This property has a higher cost per square foot than other properties in the area, which is why we think it is more likely to be in good condition. This can be caused by it having recently been refurbished to a high standard although particularly pretty properties can also sell for a premium.
  • At a valuation of £5.59M it has a cost per square foot of £1,240, which is substantially more than the average for the area. The average cost per square foot for property in Rectory Grove is £979.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £4.42M. 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:
£108k
Average house price:
£2.26M
Most expensive:
£5.59M
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15%
This property has increased in price by 15% since it last sold 4 years ago
147%
This property is 147% more expensive than average in Rectory Grove, SW4 0DZ

Sale history

The most paid for a property in Rectory Grove, SW4 0DZ was £4,861,875 in 2019.

Date Price Change
Today's value* £5,594,000 15.1%
11 Oct 2019 £4,861,875 173.9%
26 Mar 2012 £1,775,000 26.8%
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London, Lambeth, Greater London, SW4 0DZ
2 Rectory Grove, London is a 7 bedroom terraced house with 4,510 square feet of internal space.
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Valuation details

The most likely sale price is £5,594,000 but at the lower end we think it should fetch a minimum of £5,398,000.

On a cost per square foot basis, this property is valued at 27% more than the other houses in this road.

This property has increased in price by £732,125 since it last sold in 2019 - this equates to a 3.2% 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 higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (find out more here).

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £6,433,000.

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Investment Performance
Annual change: 14.3%

Was It A Good Investment?

The previous owner had the property for 7 years, having purchased it in March 2012 for £1,775,000.

During this time, the price rose by £3,086,875 (173.9%), which equates to it increasing in value by 14.3% each year.

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

How does this property compare?

  • Most likely sale price: £5,594,000.
    • Offers likely to be accepted between £5,398,000 and £5,790,000.
    • Cost per squre foot: £1,240 (at a valuation of £5,594,000) - the average cost per square foot for this postcode is £0.
  • 7 bedroom freehold terraced house.
    • 4,510 square feet.
  • Property energy rating: 62.
    • This is above average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW4 0DZ

  • The average property price for this postcode is £2,261,000.
    • Prices here range from £108,000 to £5,594,000.
  • Only one property has sold in SW4 0DZ over the last 5 years.
  • Rectory Grove has 8 postcodes associated with it.
    • The average price of property in Rectory Grove is £1,209,569.
    • Property in Rectory Grove typically sells for between £832 and £1,126 per square foot.
    • Properties in Rectory Grove are currently valued at an average cost per square foot of £979.

The property market across SW4 0

  • The average price paid for a terraced house in the area SW4 0 over the past year is £2.23M.
  • Terraced houses have been selling for £982 per square foot across SW4 0.
  • 16 terraced houses have sold over the last 12 months (in the area coverring SW4 0).
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.

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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.