9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL

Terraced
3
2551 sq ft
7%
PROPERTY VALUATION
£
Price change: +£363,000
Since last sold: April 2020
VALUATION RANGE
£5.61M - £6.02M
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £5.81M, we expect this property to be in good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

9 Smith Terrace, London is a 3 bedroom terraced house spread over 2,551 square feet, making it one of the largest properties here - it is ranked as the 2nd most expensive property* in SW3 4DL, with a valuation of £5,813,000.

Since it last sold in April 2020 for £5,450,000, its value has increased by £363,000.

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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 £5.61M and £6.02M.

  • The property didn't turn out to be a great investment for the previous owner - returning on average -1.5% 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).

  • At a sale price of £5.81M, we expect this property to be in a similar condition to the neighbouring properties.
  • Most properties in the local area tend to sell within quite a small price range when using the cost per square foot as the valuation method - this property is within the normal expected price range for this area and it is why we think it is in a reasonable condition.
  • At a valuation of £5.81M it has a cost per square foot of £2,278, which is comparable with the average for properties for the area. The average cost per square foot for property here is £2,217.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £5.66M. 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:
£1.17M
Average house price:
£4M
Most expensive:
£7.68M
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6.7%
This property has increased in price by 6.7% since it last sold 3 years ago
45%
This property is 45% more expensive than average in Smith Terrace, SW3 4DL

Sale history

The most paid for a property in Smith Terrace, SW3 4DL was £7,200,000 in 2021.

Date Price Change
Today's value* £5,813,000 6.7%
08 Apr 2020 £5,450,000 8.4%
21 May 2014 £5,950,000 -
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London, Kensington And Chelsea, Greater London, SW3 4DL
9 Smith Terrace, London is a 3 bedroom terraced house with 2,551 square feet of internal space.
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Valuation details

The most likely sale price is £5,813,000 but at the lower end we think it should fetch a minimum of £5,610,000.

On a cost per square foot basis, this property is valued at 3% more than the other houses in this postcode.

This property has increased in price by £363,000 since it last sold in 2020 - this equates to a 1.6% 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 £8,180,000.

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Investment Performance
Annual change: -1.5%

Was It A Good Investment?

The previous owner had the property for 5 years, having purchased it in May 2014 for £5,950,000. They then sold it in April 2020 for £5,450,000

During this time, the price fell by £500,000 (-8.4%), which equates to it falling in value by -1.5% 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: £5,813,000.
    • Offers likely to be accepted between £5,610,000 and £6,016,000.
    • Cost per squre foot: £2,278 (at a valuation of £5,813,000) - the average cost per square foot for this postcode is £2217.
  • 3 bedroom freehold terraced house.
    • 2,551 square feet.
  • Property energy rating: 84.
    • 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 4DL

  • The average property price for this postcode is £3,998,000.
    • Prices here range from £1,168,000 to £7,677,000.
    • Expect to pay £1,884 to £2,549 per square foot for property in SW3 4DL.
  • 7 properties have sold in SW3 4DL over the last 5 years.
  • Smith Terrace has 2 postcodes associated with it.
    • The average price of property in Smith Terrace is £4,221,777.
    • Property in Smith Terrace typically sells for between £1,964 and £2,656 per square foot.
    • Properties in Smith Terrace are currently valued at an average cost per square foot of £2,310.

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.