2 Vardens Road, London, Wandsworth, Greater London, SW11 1RH

Detached
4
2185 sq ft
91%
PROPERTY VALUATION
£
Price change: +£1,184,000
Since last sold: December 2009
VALUATION RANGE
£2.4M - £2.57M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £2.48M, 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 Vardens Road, London is a 4 bedroom detached house spread over 2,185 square feet, making it one of the bigger properties here - it is ranked as the 5th most expensive property* in SW11 1RH, with a valuation of £2,484,000.

Since it last sold in December 2009 for £1,300,000, its value has increased by £1,184,000.

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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 £2.4M and £2.57M.

  • The property turned out to be a reasonably good investment for the previous owner - returning on average 5.0% per annum.

  • 1 detached house have sold at an average price of £2,350,000 over the last 12 months (in the area coverring SW11 1).

  • Built between 1996 and 2002, the property has sold three times over the last 29 years.

  • At a sale price of £2.48M, 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 £2.48M it has a cost per square foot of £1,136, which is comparable with the average for properties for the area. The average cost per square foot for property here is £1,135.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £2.48M. 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:
£844k
Average house price:
£2.25M
Most expensive:
£3.66M
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91%
This property has increased in price by 91% since it last sold 14 years ago
10%
This property is 10% more expensive than average in Vardens Road, SW11 1RH

Sale history

The most paid for a property in Vardens Road, SW11 1RH was £2,750,000 in 2014.

Date Price Change
Today's value* £2,484,000 91.1%
11 Dec 2009 £1,300,000 35.8%
29 Aug 2003 £957,500 59.6%
2 Vardens Road, London, Wandsworth, Greater London, SW11 1RH
2 Vardens Road, London, Wandsworth, Greater London, SW11 1RH
2 Vardens Road, London, Wandsworth, Greater London, SW11 1RH
2 Vardens Road, London, Wandsworth, Greater London, SW11 1RH
2 Vardens Road, London, Wandsworth, Greater London, SW11 1RH
2 Vardens Road, London, Wandsworth, Greater London, SW11 1RH
2 Vardens Road, London, Wandsworth, Greater London, SW11 1RH
2 Vardens Road, London, Wandsworth, Greater London, SW11 1RH
2 Vardens Road, London, Wandsworth, Greater London, SW11 1RH
2 Vardens Road, London is a 4 bedroom detached house with 2,185 square feet of internal space built between 1996 and 2002.
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Valuation details

The most likely sale price is £2,484,000 but at the lower end we think it should fetch a minimum of £2,397,000.

On a cost per square foot basis, this property is valued the same as the other houses in this postcode.

This property has increased in price by £1,184,000 since it last sold in 2009 - this equates to a 4.6% 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 (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 £2,857,000.

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Investment Performance
Annual change: 5%

Was It A Good Investment?

The previous owner had the property for 6 years, having purchased it in August 2003 for £957,500.

During this time, the price rose by £342,500 (35.8%), which equates to it increasing in value by 5% each year.

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

How does this property compare?

  • Most likely sale price: £2,484,000.
    • Offers likely to be accepted between £2,397,000 and £2,571,000.
    • Cost per squre foot: £1,136 (at a valuation of £2,484,000) - the average cost per square foot for this postcode is £1135.
  • 4 bedroom freehold detached house.
    • 2,185 square feet.
  • Property energy rating: 72.
    • This is above average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW11 1RH

  • The average property price for this postcode is £2,250,000.
    • Prices here range from £844,000 to £3,659,000.
    • Expect to pay £964 to £1,305 per square foot for property in SW11 1RH.
  • No properties have sold in SW11 1RH over the last 5 years.
  • Vardens Road has 2 postcodes associated with it.
    • The average price of property in Vardens Road is £1,051,362.
    • Property in Vardens Road typically sells for between £881 and £1,191 per square foot.
    • Properties in Vardens Road are currently valued at an average cost per square foot of £1,036.

The property market across SW11 1

  • The average price paid for a detached house in the area SW11 1 over the past year is £2.35M.
  • Detached house have been selling for £853 per square foot across SW11 1.
  • 1 detached house 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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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.