88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ

Terraced
5
2734 sq ft
9.1%
PROPERTY VALUATION
£
Last sold: January 2020
VALUATION RANGE
£5.57M - £5.97M
LOW OFFER | HIGH OFFER
PRICE CHANGE
£580,000
Percentage change: 9.1%

This valuation does not take into account any home improvements or extensions made to the property.

UPDATE VALUATION

Property summary Last updated: 02/04/2024

Last updated: 02/04/2024

88 Chester Square, London is a 5 bedroom terraced house spread over 2,734 square feet, making it one of the smaller properties here - it is ranked as the 3rd most expensive property* in SW1W 9HJ, with a valuation of £5,770,000.

Since it last sold in January 2020 for £6,350,000, its value has decreased by £580,000.

88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ

At a sale price of £5.77M, 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.

8 terraced houses have sold at an average price of £4,411,562 in SW1W 9 over the last 12 months.

Get an updated valuation by simply telling us about any renovations made.

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9.1%
This property has fallen in price by -9.1% since it last sold 4 years ago
18%
This property is 18% less expensive than average in Chester Square, SW1W 9HJ

Essential buying details

  • Built between 1930 and 1949, 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 £5.57M and £5.97M.

  • The property turned out to be a amazing investment for the previous owner - returning on average 28.3% per annum.

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Sale history

The most paid for a property in Chester Square, SW1W 9HJ was £6,350,000 in 2020.

Date Price Change
Today's value* £5,770,000 £580k 9.1%
22 Jan 2020 £6,350,000 £5.1M 408.0%
17 Jul 2013 £1,250,000 -£2550000 67.1%
  • At a sale price of £5.77M, we expect this property to be in a significantly worse condition than the neighbouring properties in the road.
  • 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 £5.77M this property has a cost per square foot of £2,110 - this is substantially less than the average for the area (which is currently £2,490).

  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £6.81M. 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.
  • Expect to pay £1,793 to £2,426 per square foot to live in SW1W 9HJ depending on the property's condition and size of its garden.

The local market - Chester Square, SW1W 9HJ

  • The average property value here is £7,067,000.
    • Valuations range from £4,391,000 to £13,955,000.
  • 2 properties have sold in SW1W 9HJ over the last 5 years.
  • Chester Square has 8 postcodes associated with it.
    • The average price of property in Chester Square is £10,055,138.
    • Property in Chester Square typically sells for between £2,116 and £2,864 per square foot.
    • Properties in Chester Square are currently valued at an average cost per square foot of £2,490.
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ
88 Chester Square, London is a 5 bedroom terraced house with 2,734 square feet of internal space built between 1930 and 1949.
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Valuation details

The most likely sale price is £5,770,000 but at the lower end we think it should fetch a minimum of £5,568,000.

On a cost per square foot basis, this property is valued the same as the other houses in this postcode.

5 bedroom freehold terraced house.
  • 2,734 square feet.
  • 12% smaller than the average property in this postcode.
  • 18% less expensive than the average here.

This property is currently valued at £2,110 per square foot - the average cost per square foot for this postcode is £2110.

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 £6,636,000.

UPDATE VALUATION
Investment Performance
Annual change: 28.3%

The previous owner had the property for 6 years, having purchased it in July 2013 for £1,250,000.

During this time, the price rose by £5,100,000 (408%), which equates to it increasing in value by 28.3% each year.

The property turned out to be a amazing investment for the previous owner.

PropertyValuation
83A Chester Square, London
3294 sq.ft.
£4,391,000
85 Chester Square, London
£5,151,000
88 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ 88 Chester Square, London
5 bed | 2734 sq. ft.
£5,770,000
84 Chester Square, London
£8,436,000
86 Chester Square, London, City Of Westminster, Greater London, SW1W 9HJ 86 Chester Square, London
4 bed | 3326 sq. ft.
£13,955,000

Energy rating - how does this property compare?

  • Property energy rating: 66 (max. score 100).
    • This is above average for this postcode.

The property market across SW1W 9

  • The average price paid for a terraced house in the area SW1W 9 over the past year is £4.41M.
  • Terraced houses have been selling for £1,589 per square foot across SW1W 9.
  • 8 terraced houses have sold over the last 12 months (in the area coverring SW1W 9).
What does it cost to live in this area?
Recent sales in the surrounding roads
Searching for recent sales near here

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:

  • Good school catchment area
  • Good transport links
  • Bigger garden
  • Offstreet parking and garages
  • High quality architectural designs (a.k.a pretty houses!)
  • Good quality home improvements

We use multiple data sources to provide reliable property information to you.

Some of the data sources we use are:

  • HM Land Registry
  • Ordnance Survey
  • Department for Levelling Up, Housing & Communities
  • Royal Mail
  • Estate agents
  • Property listings

* 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.