This valuation does not take into account any home improvements or extensions made to the property.
5 Park Place Villas, London is a 8 bedroom detached house spread over 4,273 square feet, making it one of the smaller properties here - it is ranked as the 3rd most expensive property* in W2 1SP, with a valuation of £6,822,000.
Since it last sold in November 2018 for £6,500,000, its value has increased by £322,000.
At a sale price of £6.82M, we expect this property to be in poor condition (or is significantly less desirable for some other reason) based on its price per square foot.
Get an updated valuation by simply telling us about any renovations made.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £6.58M and £7.06M.
This property has increased in price by £322,000 since it last sold in 2018 - this equates to a 0.9% rise each year.
The property didn't turn out to be a great investment for the previous owner - returning on average -3.5% per annum.
40 properties have sold at an average price of £1,170,933 in W2 1 over the last 12 months.
The most paid for a property in Park Place Villas, W2 1SP was £7,000,000 in 2016.
| Date | Price | Change |
|---|---|---|
| Today's value* | £6,822,000 | 5.0% |
| 23 Nov 2018 | £6,500,000 | 7.1% |
| 31 Oct 2016 | £7,000,000 | - |
5 Park Place Villas is moderately smaller than the average property in this postcode.
This property has a lower cost per square foot than other properties in the road, which is why we think it is more likely to be in worse condition.
However, a lower CPSF can also be caused by a low quality extension (or conservatory), a smaller garden, a lack of parking or if the property was previously sold through a partial ownership scheme etc.
At a valuation of £6.82M this property has a cost per square foot of £1,596 - this is substantially less than the average for the area (which is currently £1,962).
The most likely sale price is £6,822,000 but at the lower end we think it should fetch a minimum of £6,583,000.
On a cost per square foot basis, this property is valued at 19% less than the other houses in this postcode.
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 £8,787,000.
UPDATE VALUATIONThe previous owner had the property for 2 years, having purchased it in October 2016 for £7,000,000. They then sold it in November 2018 for £6,500,000
During this time, the price fell by £500,000 (-7.1%), which equates to it falling in value by -3.5% each year.
The property didn't turn out to be a great investment for the previous owner.
| Property | Valuation | ||
|---|---|---|---|
 |
Ground Floor Flat, 12A Park Place Villas
1 bed |
£1,195,000 | |
 |
2B Park Place Villas, London
2 bed |
£2,267,000 | |
|
6 Park Place Villas, London
1 bed |
£5,013,000 | ||
 |
14 Park Place Villas, London
4 bed |
£5,433,000 | |
 |
5 Park Place Villas, London
8 bed | 4273 sq. ft. |
£6,822,000 |
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:
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
* 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.
