4 Buckingham Mews, London, City Of Westminster, Greater London, SW1E 6NR

Terraced
1356 sq ft
22%
PROPERTY VALUATION
£
Price change: +£603,000
Since last sold: November 2019
VALUATION RANGE
£3.19M - £3.42M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £3.3M, we expect this property to be in very good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

4 Buckingham Mews, London is a terraced house spread over 1,356 square feet - it is ranked as the 2nd most expensive property* in SW1E 6NR, with a valuation of £3,303,000.

Since it last sold in November 2019 for £2,700,000, its value has increased by £603,000.

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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 £3.19M and £3.42M.

  • The property turned out to be a amazing investment for the previous owner - returning on average 13.7% per annum.

  • 1 terraced house have sold at an average price of £3,400,000 over the last 12 months (in the area coverring SW1E 6).

  • At a sale price of £3.3M, 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 £3.3M it has a cost per square foot of £2,435, which is comparable with the average for properties for the area. The average cost per square foot for property in Buckingham Mews is £2,435.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £3.3M. 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:
£485k
Average house price:
£2.16M
Most expensive:
£4.27M
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22%
This property has increased in price by 22% since it last sold 4 years ago
53%
This property is 53% more expensive than average in Buckingham Mews, SW1E 6NR

Sale history

The most paid for a property in Buckingham Mews, SW1E 6NR was £2,700,000 in 2019.

Date Price Change
Today's value* £3,303,000 22.3%
07 Nov 2019 £2,700,000 500.0%
15 Nov 2005 £450,000 -
4 Buckingham Mews, London is a terraced house with 1,356 square feet of internal space.
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Valuation details

The most likely sale price is £3,303,000 but at the lower end we think it should fetch a minimum of £3,187,000.

On a cost per square foot basis, this property is valued at 0% less than the other houses in this road.

This property has increased in price by £603,000 since it last sold in 2019 - this equates to a 4.7% 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 (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 £4,752,000.

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Investment Performance
Annual change: 13.7%

Was It A Good Investment?

The previous owner had the property for 13 years, having purchased it in November 2005 for £450,000.

During this time, the price rose by £2,250,000 (500%), which equates to it increasing in value by 13.7% each year.

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

The sale on 07 November 2019 was recorded as a non-residential transaction. This can 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: £3,303,000.
    • Offers likely to be accepted between £3,187,000 and £3,419,000.
    • Cost per squre foot: £2,435 (at a valuation of £3,303,000) - the average cost per square foot for this postcode is £0.
  • Freehold terraced house.
    • 1,356 square feet.
  • Property energy rating: 49.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW1E 6NR

  • The average property price for this postcode is £2,159,000.
    • Prices here range from £485,000 to £4,274,000.
  • 3 properties have sold in SW1E 6NR over the last 5 years.

The property market across SW1E 6

  • The average price paid for a terraced house in the area SW1E 6 over the past year is £3.4M.
  • Terraced house have been selling for £1,220 per square foot across SW1E 6.
  • 1 terraced house have sold over the last 12 months (in the area coverring SW1E 6).
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.