At a sale price of £773k, we expect this property to be in very good condition based on its price per square foot.
63 Searles Close, London is a terraced house spread over 947 square feet, making it one of the smaller properties here - it is ranked as the 3rd most expensive property* in SW11 4RQ, with a valuation of £773,000.
Since it last sold in August 2022 for £690,000, its value has increased by £83,000.
If home improvements have been made, ensure you update the valuation.
UPDATE VALUATIONBuilt between 1967 and 1975, the property has sold four times over the last 29 years.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £746k and £800k.
The property turned out to be a reasonably good investment for the previous owner - returning on average 4.9% per annum.
12 terraced houses have sold at an average price of £2,681,575 in SW11 4 over the last 12 months.
The most paid for a property in Searles Close, SW11 4RQ was £700,000 in 2023.
| Date | Price | Change |
|---|---|---|
| Today's value* | £773,000 | 12.0% |
| 26 Aug 2022 | £690,000 | 176.0% |
| 24 Aug 2001 | £250,000 | 101.4% |
| 16 Dec 1999 | £124,135 | 18.6% |
| 28 Oct 1998 | £152,500 | - |
63 Searles Close is marginally smaller than the average property in this postcode.
This property has a higher cost per square foot than other properties in the road, 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 it could also be because the property has more appealing architecture, a bigger garden, more parking spaces or a garage etc.
At a valuation of £773k this property has a cost per square foot of £816 - this is substantially more than the average for the area (which is currently £642).
The most likely sale price is £773,000 but at the lower end we think it should fetch a minimum of £746,000.
On a cost per square foot basis, this property is valued at 10% more than the other houses in this postcode.
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 £889,000.
UPDATE VALUATIONThe previous owner had the property for 21 years, having purchased it in August 2001 for £250,000.
During this time, the price rose by £440,000 (176%), which equates to it increasing in value by 4.9% each year.
The property turned out to be a reasonably good investment for the previous owner.
| Property | Valuation | ||
|---|---|---|---|
|
68 Searles Close, London
4 bed | 1044 sq. ft. |
£526,000 | ||
|
64 Searles Close, London
753 sq.ft. |
£659,000 | ||
|
65 Searles Close, London
1087 sq.ft. |
£680,000 | ||
|
63 Searles Close, London
947 sq.ft. |
£773,000 | ||
|
62 Searles Close, London
1119 sq.ft. |
£820,000 |
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.
