Adding a new kitchen could add £479k to the sale price.
This valuation does not take into account any home improvements or extensions made to the property.
UPDATE VALUATION8 - 9, Smith Square is a 6 bedroom terraced house spread over 4,489 square feet - it is ranked as the most expensive property* in SW1P 3HT, with a valuation of £6,386,000.
Since it last sold in April 2020 for £6,257,500, its value has increased by £128,500.
1 terraced house have sold at an average price of £4,000,000 in SW1P 3 over the last 12 months.
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 £6.16M and £6.61M.
The property turned out to be a good investment for the previous owner - returning on average 5.2% per annum.
The most paid for a property in Smith Square, SW1P 3HT was £6,257,500 in 2020.
| Date | Price | Change |
|---|---|---|
| Today's value* | £6,386,000 | £129k 2.1% |
| 22 Apr 2020 | £6,257,500 | £3.7M 144.9% |
| 28 Jun 2002 | £2,555,089 | - |
If we valued this property using the average cost per square foot (CPSF):
This assumes that the property has an internal floor area of 4,489 square feet.
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.
The previous owner had the property for 17 years, having purchased it in June 2002 for £2,555,089.
During this time, the price rose by £3,702,411 (144.9%), which equates to it increasing in value by 5.2% each year.
The property turned out to be a good investment for the previous owner.
The sale on 22 April 2020 was recorded as a non-residential transaction. This can be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.
Most likely sale price: £6.39M
The most likely sale price is £6,386,000 but at the lower end we think it should fetch a minimum of £6,162,000.
This property has increased in price by £128,500 since it last sold in 2020 - this equates to a 0.5% rise each year.
This property is currently valued at £1,422 per square foot - the average cost per square foot for this postcode is £0.
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £11,724,000.
| Property | Valuation | ||
|---|---|---|---|
 |
8 - 9, Smith Square
6 bed | 4489 sq. ft. |
£6,386,000 |
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.
