23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ

Terraced
4
1593 sq ft
-16%
PROPERTY VALUATION
£
Price change: -£281,000
Since last sold: March 2021
VALUATION RANGE
£1.39M - £1.5M
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £1.44M, we expect this property to be in poor condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

23 Longmoore Street, London is a 4 bedroom terraced house spread over 1,593 square feet, making it one of the bigger properties here - it is ranked as the 2nd most expensive property* in SW1V 1JQ, with a valuation of £1,444,000.

Since it last sold in March 2021 for £1,725,000, its value has decreased by £281,000.

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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 £1.39M and £1.5M.

  • The property turned out to be a really good investment for the previous owner - returning on average 6.5% per annum.

  • 1 terraced house have sold at an average price of £1,540,000 over the last 12 months (in the area coverring SW1V 1).

  • At a sale price of £1.44M, 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 £1.44M it has a cost per square foot of £906, which is comparable with the average for properties for the area. The average cost per square foot for property here is £919.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £1.46M. 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:
£1.33M
Average house price:
£1.4M
Most expensive:
£1.47M
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-16.3%
This property has fallen in price by -16.3% since it last sold 2 years ago
3%
This property is 3% more expensive than average in Longmoore Street, SW1V 1JQ

Sale history

The most paid for a property in Longmoore Street, SW1V 1JQ was £1,725,000 in 2021.

Date Price Change
Today's value* £1,444,000 16.3%
31 Mar 2021 £1,725,000 15.0%
08 Jan 2019 £1,500,000 -
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London, City Of Westminster, Greater London, SW1V 1JQ
23 Longmoore Street, London is a 4 bedroom terraced house with 1,593 square feet of internal space.
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Valuation details

The most likely sale price is £1,444,000 but at the lower end we think it should fetch a minimum of £1,393,000.

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

This property has decreased in price by £281,000 since it last sold in 2021 - this equates to a 5.8% fall 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 £1,661,000.

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Investment Performance
Annual change: 6.5%

Was It A Good Investment?

The previous owner had the property for 2 years, having purchased it in January 2019 for £1,500,000.

During this time, the price rose by £225,000 (15%), which equates to it increasing in value by 6.5% each year.

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

How does this property compare?

  • Most likely sale price: £1,444,000.
    • Offers likely to be accepted between £1,393,000 and £1,495,000.
    • Cost per squre foot: £906 (at a valuation of £1,444,000) - the average cost per square foot for this postcode is £919.
  • 4 bedroom freehold terraced house.
    • 1,593 square feet.
  • Property energy rating: 47.
    • This is below average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW1V 1JQ

  • The average property price for this postcode is £1,400,000.
    • Prices here range from £1,334,000 to £1,470,000.
    • Expect to pay £781 to £1,056 per square foot for property in SW1V 1JQ.
  • 2 properties have sold in SW1V 1JQ over the last 5 years.
  • Longmoore Street has 3 postcodes associated with it.
    • The average price of property in Longmoore Street is £1,225,250.
    • Property in Longmoore Street typically sells for between £824 and £1,116 per square foot.
    • Properties in Longmoore Street are currently valued at an average cost per square foot of £970.

The property market across SW1V 1

  • The average price paid for a terraced house in the area SW1V 1 over the past year is £1.54M.
  • Terraced house have been selling for £1,092 per square foot across SW1V 1.
  • 1 terraced house have sold over the last 12 months (in the area coverring SW1V 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.