At a sale price of £10.09M, we expect this property to need a little bit of work.
UPDATE CONDITION40 Ovington Square, London is a terraced house spread over 3,434 square feet, making it one of the largest properties here - it is ranked as the 2nd most expensive property* in SW3 1LR, with a valuation of £10,091,000.
Since it last sold in March 2001 for £1,995,000, its value has increased by £8,096,000.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £9.74M and £10.44M.
The property turned out to be a amazing investment for the previous owner - returning on average 16.2% per annum.
1 terraced house have sold at an average price of £11,100,000 over the last 12 months (in the area coverring SW3 1).
40 Ovington Square is significantly bigger than the average property in this postcode.
The most paid for a property in Ovington Square, SW3 1LR was £7,500,000 in 2017.
Date | Price | Change |
---|---|---|
Today's value* | £10,091,000 | 405.8% |
01 Mar 2001 | £1,995,000 | 73.5% |
02 Jul 1997 | £1,150,000 | - |
The most likely sale price is £10,091,000 but at the lower end we think it should fetch a minimum of £9,738,000.
On a cost per square foot basis, this property is valued at 32% more than the other houses in this postcode.
This property has increased in price by £8,096,000 since it last sold in 2001 - this equates to a 7.3% 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 £24,063,000.
Mortgage repayment calculatorThe previous owner had the property for 3 years, having purchased it in July 1997 for £1,150,000.
During this time, the price rose by £845,000 (73.5%), which equates to it increasing in value by 16.2% each year.
The property turned out to be a amazing 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.
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* 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.