23 Petergate, London, Wandsworth, Greater London, SW11 2UE

Terraced
1561 sq ft
1%
PROPERTY VALUATION
£
Price change: +£11,000
Since last sold: June 2021
VALUATION RANGE
£1.07M - £1.15M
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £1.11M, we expect this property to need a little bit of work.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

23 Petergate, London is a terraced house spread over 1,561 square feet, making it one of the largest properties here - it is ranked as the most expensive property* in SW11 2UE, with a valuation of £1,111,000.

Since it last sold in June 2021 for £1,100,000, its value has increased by £11,000.

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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 £1.07M and £1.15M.

  • The property turned out to be a amazing investment for the previous owner - returning on average 16.6% per annum.

  • 29 terraced houses have sold at an average price of £923,917 over the last 12 months (in the area coverring SW11 2).

  • At a sale price of £1.11M, 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 £1.11M it has a cost per square foot of £711, which is comparable with the average for properties for the area. The average cost per square foot for property here is £731.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £1.14M. 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:
£476k
Average house price:
£811k
Most expensive:
£1.11M
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1%
This property has increased in price by 1% since it last sold 2 years ago
37%
This property is 37% more expensive than average in Petergate, SW11 2UE

Sale history

The most paid for a property in Petergate, SW11 2UE was £1,100,000 in 2021.

Date Price Change
Today's value* £1,111,000 1.0%
22 Jun 2021 £1,100,000 65.2%
15 Mar 2018 £666,000 -
23 Petergate, London is a terraced house with 1,561 square feet of internal space.
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Valuation details

The most likely sale price is £1,111,000 but at the lower end we think it should fetch a minimum of £1,072,000.

On a cost per square foot basis, this property is valued at 3% less than the other houses in this postcode.

This property has increased in price by £11,000 since it last sold in 2021 - this equates to a 0.4% 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 £1,278,000.

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SOLD PROPERTY PRICES - SW11 2UE

23 Petergate is substantially bigger than the average property in this postcode.

Investment Performance
Annual change: 16.6%

Was It A Good Investment?

The previous owner had the property for 3 years, having purchased it in March 2018 for £666,000.

During this time, the price rose by £434,000 (65.2%), which equates to it increasing in value by 16.6% each year.

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

The sale on 15 March 2018 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: £1,111,000
    • Offers likely to be accepted between £1,072,000 and £1,150,000.
    • Cost per squre foot: £711 (at a valuation of £1,111,000) - the average cost per square foot for this postcode is £731
  • Freehold terraced house
    • 1,561 square feet
  • Property energy rating: 68
    • This is similar to the average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW11 2UE

  • The average property price for this postcode is £811,000
    • Prices here range from £476,000 to £1,111,000.
    • Expect to pay £621 to £840 per square foot for property in SW11 2UE.
  • 5 properties have sold in SW11 2UE over the last 5 years.
  • Petergate has 5 postcodes associated with it.
    • The average price of property in Petergate is £509,655
    • Property in Petergate typically sells for between £586 and £793 per square foot.
    • Properties in Petergate are currently valued at an average cost per square foot of £690.

The property market across SW11 2

  • The average price paid for a terraced house in the area SW11 2 over the past year is £924k.
  • Terraced houses have been selling for £791 per square foot across SW11 2.
  • 29 terraced houses have sold over the last 12 months (in the area coverring SW11 2).
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.