6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET

Terraced
7
6028 sq ft
14%
PROPERTY VALUATION
£
Price change: +£2,272,000
Since last sold: August 2019
VALUATION RANGE
£17.63M - £18.91M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £18.27M, we expect this property to be in very good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

6 Durham Place, London is a 7 bedroom terraced house spread over 6,028 square feet, making it one of the largest properties here - it is ranked as the most expensive property* in SW3 4ET, with a valuation of £18,272,000.

Since it last sold in August 2019 for £16,000,000, its value has increased by £2,272,000.

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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 £17.63M and £18.91M.

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

  • 16 terraced houses have sold at an average price of £4,866,075 over the last 12 months (in the area coverring SW3 4).

  • Built around 2007, the property has sold 5 times over the last 29 years.

  • At a sale price of £18.27M, we expect this property to be in slightly better condition than the neighbouring properties.
  • This property has a higher cost per square foot than other properties in the area, which is why we think it is more likely to be in good condition. This can be caused by it having recently been refurbished to a high standard although particularly pretty properties can also sell for a premium.
  • At a valuation of £18.27M it has a cost per square foot of £3,031, which is slightly more than the average for the area. The average cost per square foot for property here is £2,730.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £16.46M. 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:
£1.67M
Average house price:
£6.6M
Most expensive:
£18.27M
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14%
This property has increased in price by 14% since it last sold 4 years ago
177%
This property is 177% more expensive than average in Durham Place, SW3 4ET

Sale history

The most paid for a property in Durham Place, SW3 4ET was £17,750,000 in 2014.

Date Price Change
Today's value* £18,272,000 14.2%
30 Aug 2019 £16,000,000 9.9%
08 Aug 2014 £17,750,000 184.0%
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London, Kensington And Chelsea, Greater London, SW3 4ET
6 Durham Place, London is a 7 bedroom terraced house with 6,028 square feet of internal space built around 2007.
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Valuation details

The most likely sale price is £18,272,000 but at the lower end we think it should fetch a minimum of £17,632,000.

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

This property has increased in price by £2,272,000 since it last sold in 2019 - this equates to a 2.9% 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 £25,857,000.

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Investment Performance
Annual change: -2%

Was It A Good Investment?

The previous owner had the property for 5 years, having purchased it in August 2014 for £17,750,000. They then sold it in August 2019 for £16,000,000

During this time, the price fell by £1,750,000 (-9.9%), 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.

How does this property compare?

  • Most likely sale price: £18,272,000.
    • Offers likely to be accepted between £17,632,000 and £18,912,000.
    • Cost per squre foot: £3,031 (at a valuation of £18,272,000) - the average cost per square foot for this postcode is £2730.
  • 7 bedroom freehold terraced house.
    • 6,028 square feet.
  • Property energy rating: 76.
    • This is above average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW3 4ET

  • The average property price for this postcode is £6,600,000.
    • Prices here range from £1,671,000 to £18,272,000.
    • Expect to pay £2,320 to £3,139 per square foot for property in SW3 4ET.
  • 2 properties have sold in SW3 4ET over the last 5 years.

The property market across SW3 4

  • The average price paid for a terraced house in the area SW3 4 over the past year is £4.87M.
  • Terraced houses have been selling for £2,043 per square foot across SW3 4.
  • 16 terraced houses have sold over the last 12 months (in the area coverring SW3 4).
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.