48A Walton Street, London, Kensington And Chelsea, Greater London, SW3 1RB

Flat
1055 sq ft
54.6%
PROPERTY VALUATION
£
Last sold: October 2023
VALUATION RANGE
£2.09M - £2.24M
LOW OFFER | HIGH OFFER
PRICE CHANGE
£765,000
Percentage change: +54.6%

Adding a new kitchen could add £162k to the sale price.

This valuation does not take into account any home improvements or extensions made to the property.

UPDATE VALUATION

Property summary Last updated: 02/04/2024

Last updated: 02/04/2024

48A Walton Street, London is a first floor flat spread over 1,055 square feet, making it one of the smaller properties here - it is ranked as the 5th most expensive property* in SW3 1RB, with a valuation of £2,165,000.

Since it last sold in October 2023 for £1,400,000, its value has increased by £765,000.

At a sale price of £2.17M, we expect this property to be in a reasonable condition based on its price per square foot.

12 flats have sold at an average price of £1,514,000 in SW3 1 over the last 12 months.

Get an updated valuation by simply telling us about any renovations made.

55%
This property has increased in price by 55% since it last sold 6 months ago
14%
This property is 14% less expensive than average in Walton Street, SW3 1RB

Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £2.09M and £2.24M.

  • The property didn't turn out to be a great investment for the previous owner - returning on average -0.2% per annum.

Sale history

The most paid for a property in Walton Street, SW3 1RB was £2,300,000 in 2019.

Date Price Change
Today's value* £2,165,000 £765k 54.6%
05 Oct 2023 £1,400,000 -£49275 3.4%
23 Oct 2007 £1,449,275 £571k 65.0%
Recent sales in the surrounding roads
Searching for recent sales near here
  • At a sale price of £2.17M, we expect this property to be in a similar condition to the neighbouring properties in the road.
  • This property has a similar cost per square foot as other properties in the road, which is why we think it is in a reasonable condition.

  • At a valuation of £2.17M this property has a cost per square foot of £2,052 - this is comparable with the average for properties for the area (which is currently £2,056).

If we valued this property using the average cost per square foot (CPSF):

  • Using the average CPSF for properties just in the postcode - it would be worth £2.31M.
  • Using the average CPSF for the whole road - it would be worth £2.17M.

The local market - Walton Street, SW3 1RB

  • The average property value here is £2,525,000.
    • Valuations range from £353,000 to £3,847,000.
  • 2 properties have sold in SW3 1RB over the last 5 years.
  • Walton Street has 17 postcodes associated with it.
    • The average price of property in Walton Street is £2,360,824.
    • Property in Walton Street typically sells for between £1,748 and £2,364 per square foot.
    • Properties in Walton Street are currently valued at an average cost per square foot of £2,056.
Investment Performance
Annual change: -.2%

The previous owner had the property for 15 years, having purchased it in October 2007 for £1,449,275. They then sold it in October 2023 for £1,400,000

During this time, the price fell by £49,275 (-3.4%), which equates to it falling in value by -.2% each year.

The property didn't turn out to be a great investment for the previous owner.

48A Walton Street, London is a flat with 1,055 square feet of internal space.
OFFERS EXPECTED TO BE IN THE REGION OF:
£2.09M - £2.24M

Most likely sale price: £2.17M

How does this property compare to others in Walton Street, SW3 1RB?
14% LESS | 10% SMALLER

Valuation details

The most likely sale price is £2,165,000 but at the lower end we think it should fetch a minimum of £2,089,000.

Since this property last sold 7 months ago, it has increased in price by 54.6%.

On a cost per square foot basis, this property is valued at 6% less than the other houses in this postcode.

Essential info

  • Leasehold flat
  • 1,055 square feet
  • 10% smaller than the average property in this postcode
  • 14% less expensive than the average here

This property is currently valued at £2,052 per square foot - the average cost per square foot for this postcode is £2187.

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 £3,854,000.

PropertyValuation
46A Walton Street, London, Kensington And Chelsea, Greater London, SW3 1RB 46A Walton Street, London
3 bed | 1076 sq. ft.
£2,061,000
48A Walton Street, London
1055 sq.ft.
£2,165,000
50A Walton Street, London
£3,403,000
56A Walton Street, London
1378 sq.ft.
£3,574,000
52A Walton Street, London, Kensington And Chelsea, Greater London, SW3 1RB 52A Walton Street, London
3 bed | 1184 sq. ft.
£3,847,000

Energy rating - how does this property compare?

  • Property energy rating: 47 (max. score 100).
    • This is below average for this postcode.

The property market across SW3 1

  • The average price paid for a flat in the area SW3 1 over the past year is £1.51M.
  • Flats have been selling for £1,558 per square foot across SW3 1.
  • 12 flats have sold over the last 12 months (in the area coverring SW3 1).
What does it cost to live in this area?

Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.

The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.

In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.

If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.

A number of things can make a property more desirable and sell for more money per square foot than others in the area.

Some of the things that can cause a property to be worth more per square foot include:

  • Good school catchment area
  • Good transport links
  • Bigger garden
  • Offstreet parking and garages
  • High quality architectural designs (a.k.a pretty houses!)
  • Good quality home improvements

We use multiple data sources to provide reliable property information to you.

Some of the data sources we use are:

  • HM Land Registry
  • Ordnance Survey
  • Department for Levelling Up, Housing & Communities
  • Royal Mail
  • Estate agents
  • Property listings

* 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 29/02/2024 - this was released on the 28/03/2024.