58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY

Terraced
4
2067 sq ft
24%
PROPERTY VALUATION
£
Price change: +£401,000
Since last sold: August 2019
VALUATION RANGE
£2.03M - £2.18M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £2.1M, we expect this property to be in very good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

58 Elms Crescent, London is a 4 bedroom terraced house spread over 2,067 square feet, making it one of the bigger properties here - it is ranked as the most expensive property* in SW4 8QY, with a valuation of £2,101,000.

Since it last sold in August 2019 for £1,700,000, its value has increased by £401,000.

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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 £2.03M and £2.18M.

  • The property didn't turn out to be a great investment for the previous owner - returning on average 2.0% per annum.

  • 5 terraced houses have sold at an average price of £1,388,000 over the last 12 months (in the area coverring SW4 8).

  • Built between 1900 and 1929, the property has sold 5 times over the last 29 years.

  • At a sale price of £2.1M, we expect this property to be in slightly worse condition than the neighbouring properties.
  • This property has a lower cost per square foot than other properties in the area, which is why we think it is more likely to be in worse condition. This can be caused by a lack of general upkeep but it can also arise if the property has had a low quality extension. Typically houses with conservatory's often have a lower cost per square foot as whilst these make the property bigger, they tend to be cheaper to build and less usable.
  • At a valuation of £2.1M it has a cost per square foot of £1,016, which is slightly less than the average for the area. The average cost per square foot for property here is £1,148.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £2.37M. 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:
£964k
Average house price:
£1.48M
Most expensive:
£2.1M
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24%
This property has increased in price by 24% since it last sold 4 years ago
42%
This property is 42% more expensive than average in Elms Crescent, SW4 8QY

Sale history

The most paid for a property in Elms Crescent, SW4 8QY was £1,700,000 in 2019.

Date Price Change
Today's value* £2,101,000 23.6%
21 Aug 2019 £1,700,000 6.3%
08 Jul 2016 £1,600,000 49.5%
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London, Lambeth, Greater London, SW4 8QY
58 Elms Crescent, London is a 4 bedroom terraced house with 2,067 square feet of internal space built between 1900 and 1929.
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Valuation details

The most likely sale price is £2,101,000 but at the lower end we think it should fetch a minimum of £2,027,000.

On a cost per square foot basis, this property is valued at 11% less than the other houses in this postcode.

This property has increased in price by £401,000 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 (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 £2,840,000.

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Investment Performance
Annual change: 2%

Was It A Good Investment?

The previous owner had the property for 3 years, having purchased it in July 2016 for £1,600,000.

During this time, the price rose by £100,000 (6.3%), which equates to it increasing in value by 2% each year.

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

How does this property compare?

  • Most likely sale price: £2,101,000.
    • Offers likely to be accepted between £2,027,000 and £2,175,000.
    • Cost per squre foot: £1,016 (at a valuation of £2,101,000) - the average cost per square foot for this postcode is £1148.
  • 4 bedroom freehold terraced house.
    • 2,067 square feet.
  • Property energy rating: 67.
    • This is similar to the average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW4 8QY

  • The average property price for this postcode is £1,476,000.
    • Prices here range from £964,000 to £2,101,000.
    • Expect to pay £975 to £1,320 per square foot for property in SW4 8QY.
  • 2 properties have sold in SW4 8QY over the last 5 years.
  • Elms Crescent has 15 postcodes associated with it.
    • The average price of property in Elms Crescent is £1,544,448.
    • Property in Elms Crescent typically sells for between £853 and £1,153 per square foot.
    • Properties in Elms Crescent are currently valued at an average cost per square foot of £1,003.

The property market across SW4 8

  • The average price paid for a terraced house in the area SW4 8 over the past year is £1.39M.
  • Terraced houses have been selling for £814 per square foot across SW4 8.
  • 5 terraced houses have sold over the last 12 months (in the area coverring SW4 8).
What does it cost to live in this area?

Valuation accuracy

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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.