Albion Riverside Building, 8, D1, Hester Road, London, Wandsworth, Greater London, SW11 4AW

Commercial
5586 sq ft
-2%
PROPERTY VALUATION
£
Price change: -£207,000
Since last sold: May 2023
VALUATION RANGE
£7.83M - £8.4M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £8.12M, 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, D1 is a property spread over 5,586 square feet, making it one of the largest properties here - it is ranked as the 2nd most expensive property* in SW11 4AW, with a valuation of £8,118,000.

Since it last sold in May 2023 for £8,325,000, its value has decreased by £207,000.

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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 £7.83M and £8.4M.

  • The property didn't turn out to be a great investment for the previous owner - returning on average 2.7% per annum.

  • 79 properties have sold at an average price of £1,175,607 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 £8.12M, we expect this property to be in slightly better condition than the neighbouring properties.
  • This property has a higher cost per square foot than other properties in the area, 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 particularly pretty properties can also sell for a premium.
  • At a valuation of £8.12M it has a cost per square foot of £1,453, which is slightly more than the average for the area. The average cost per square foot for property here is £1,332.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £7.44M. 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:
£642k
Average house price:
£2.71M
Most expensive:
£15.97M
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-2.5%
This property has fallen in price by -2.5% since it last sold 10 months ago
199%
This property is 199% more expensive than average in Hester Road, SW11 4AW

10 MOST RECENT SALES - SW11 4AW

Albion Riverside Building, 8, D1, Hester Road is significantly bigger than the average property in this postcode.

Sale history

The most paid for a property in Hester Road, SW11 4AW was £15,500,000 in 2015.

Date Price Change
Today's value* £8,118,000 2.5%
18 May 2023 £8,325,000 52.8%
31 May 2007 £5,450,000 -
Albion Riverside Building, 8, D1, Hester Road, London is a property with 5,586 square feet of internal space built between 2003 and 2006.
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Valuation details

The most likely sale price is £8,118,000 but at the lower end we think it should fetch a minimum of £7,834,000.

On a cost per square foot basis, this property is valued at 9% more than the other houses in this postcode.

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 £9,336,000.

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).

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Investment Performance
Annual change: 2.7%

Was It A Good Investment?

The previous owner had the property for 15 years, having purchased it in May 2007 for £5,450,000.

During this time, the price rose by £2,875,000 (52.8%), which equates to it increasing in value by 2.7% each year.

The property didn't turn out to be a great investment for the previous owner.

The sale on 18 May 2023 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.

How does this property compare?

  • Most likely sale price: £8,118,000.
    • Offers likely to be accepted between £7,834,000 and £8,402,000.
    • Cost per squre foot: £1,453 (at a valuation of £8,118,000) - the average cost per square foot for this postcode is £1332.
  • Leasehold property.
    • 5,586 square feet.
  • Property energy rating: 68.
    • This is below average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW11 4AW

  • The average property price for this postcode is £2,711,000.
    • Prices here range from £642,000 to £15,972,000.
    • Expect to pay £1,132 to £1,531 per square foot for property in SW11 4AW.
  • 9 properties have sold in SW11 4AW 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 all property types in the area SW11 4 over the past year is £1.18M.
  • Properties have been selling for £956 per square foot across SW11 4.
  • 79 properties 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.

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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.