At a sale price of £1.05M, we expect this property to be in poor condition.
UPDATE CONDITION3 Patience Road, London is a 4 bedroom terraced house spread over 1,636 square feet, making it one of the largest properties here - it is ranked as the 11th most expensive property* in SW11 2PY, with a valuation of £1,054,000.
Since it last sold in March 2022 for £1,125,000, its value has decreased by £71,000.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £1.02M and £1.09M.
The property didn't turn out to be a great investment for the previous owner - returning on average 3.2% 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).
Built between 1900 and 1929, the property has sold four times over the last 29 years.
The most paid for a property in Patience Road, SW11 2PY was £1,250,000 in 2022.
Date | Price | Change |
---|---|---|
Today's value* | £1,054,000 | 6.3% |
14 Mar 2022 | £1,125,000 | 17.2% |
02 Feb 2017 | £960,000 | 113.3% |
27 Jan 2006 | £450,000 | 7.1% |
12 May 2004 | £420,000 | - |
The most likely sale price is £1,054,000 but at the lower end we think it should fetch a minimum of £1,017,000.
On a cost per square foot basis, this property is valued at 16% less than the other houses in this postcode.
This property has decreased in price by £71,000 since it last sold in 2022 - this equates to a 3.1% 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 £1,212,000.
Mortgage repayment calculator3 Patience Road is moderately bigger than the average property in this postcode.
The previous owner had the property for 5 years, having purchased it in February 2017 for £960,000.
During this time, the price rose by £165,000 (17.2%), which equates to it increasing in value by 3.2% each year.
The property didn't turn out to be a great investment for the previous owner.
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 reportWorking 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.