Albion Riverside Building, 8, B81, Hester Road, London, Wandsworth, Greater London, SW11 4AP

Flat
1423 sq ft
94%
PROPERTY VALUATION
£
Price change: +£941,000
Since last sold: November 2009
VALUATION RANGE
£1.87M - £2.01M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £1.94M, we expect this property to be in very good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Albion Riverside Building, 8, B81 is a 8th floor flat spread over 1,423 square feet, making it one of the bigger properties here - it is ranked as the 21st most expensive property* in SW11 4AP, with a valuation of £1,941,000.

Since it last sold in November 2009 for £1,000,000, its value has increased by £941,000.

Advertisement

Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £1.87M and £2.01M.

  • The property didn't turn out to be a great investment for the previous owner - returning on average 1.2% per annum.

  • 68 flats have sold at an average price of £1,005,280 over the last 12 months (in the area coverring SW11 4).

  • Built between 2003 and 2006, the property has sold twice over the last 29 years.

  • At a sale price of £1.94M, 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 £1.94M it has a cost per square foot of £1,364, which is comparable with the average for properties for the area. The average cost per square foot for property here is £1,393.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £1.98M. 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:
£627k
Average house price:
£2M
Most expensive:
£8.41M
Advertisement
94%
This property has increased in price by 94% since it last sold 14 years ago
3%
This property is 3% less expensive than average in Hester Road, SW11 4AP

10 MOST RECENT SALES - SW11 4AP

Albion Riverside Building, 8, B81, Hester Road is a fraction bigger than the average property in this postcode.

Sale history

The most paid for a property in Hester Road, SW11 4AP was £5,200,000 in 2016.

Date Price Change
Today's value* £1,941,000 94.1%
27 Nov 2009 £1,000,000 7.5%
04 Dec 2003 £930,000 -
Albion Riverside Building, 8, B81, Hester Road, London is a flat with 1,423 square feet of internal space built between 2003 and 2006.
Advertisement

Valuation details

The most likely sale price is £1,941,000 but at the lower end we think it should fetch a minimum of £1,873,000.

On a cost per square foot basis, this property is valued at 2% less than the other houses in this postcode.

This property has increased in price by £941,000 since it last sold in 2009 - this equates to a 4.7% 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 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 £2,232,000.

Note: If the lease has less than 82 years remaining, the property valuation will start to drop rapidly (due to the cost of the lease renewal increasing significantly at this point).

Mortgage repayment calculator
Investment Performance
Annual change: 1.2%

Was It A Good Investment?

The previous owner had the property for 5 years, having purchased it in December 2003 for £930,000.

During this time, the price rose by £70,000 (7.5%), which equates to it increasing in value by 1.2% 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: £1,941,000.
    • Offers likely to be accepted between £1,873,000 and £2,009,000.
    • Cost per squre foot: £1,364 (at a valuation of £1,941,000) - the average cost per square foot for this postcode is £1393.
  • Leasehold flat.
    • 1,423 square feet.
  • Property energy rating: 82.
    • This is similar to the average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW11 4AP

  • The average property price for this postcode is £1,996,000.
    • Prices here range from £627,000 to £8,411,000.
    • Expect to pay £1,184 to £1,601 per square foot for property in SW11 4AP.
  • 3 properties have sold in SW11 4AP over the last 5 years.
  • Hester Road has 7 postcodes associated with it.
    • The average price of property in Hester Road is £2,557,524.
    • Property in Hester Road typically sells for between £1,169 and £1,581 per square foot.
    • Properties in Hester Road are currently valued at an average cost per square foot of £1,375.

The property market across SW11 4

  • The average price paid for a flat in the area SW11 4 over the past year is £1.01M.
  • Flats have been selling for £942 per square foot across SW11 4.
  • 68 flats have sold over the last 12 months (in the area coverring SW11 4).
What does it cost to live in this area?

Valuation accuracy

If the automated valuation doesn't look right you can create a custom valuation report by finding comparable properties near by to generate a fresh valuation.

Create valuation report
Recent sales in the surrounding roads
Searching for recent sales near here

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.