Apartment 1, 12 Carteret Street, London, City Of Westminster, Greater London, SW1H 9DP

Commercial
861 sq ft
61.7%
PROPERTY VALUATION
£
Last sold: January 2020
VALUATION RANGE
£3.12M - £3.35M
LOW OFFER | HIGH OFFER
PRICE CHANGE
£1,235,000
Percentage change: +61.7%

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

REFINE VALUATION

Property summary Last updated: 02/04/2024

Last updated: 02/04/2024

Apartment 1, 12 Carteret Street is a property spread over 861 square feet - it is ranked as the most expensive property* in SW1H 9DP, with a valuation of £3,235,000.

Since it last sold in January 2020 for £2,000,000, its value has increased by £1,235,000.

At a sale price of £3.24M, we expect this property to be in a reasonable condition based on its price per square foot.

4 properties have sold at an average price of £3,728,000 in SW1H 9 over the last 12 months.

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

62%
This property has increased in price by 62% since it last sold 4 years ago
51%
This property is 51% more expensive than average in Carteret Street, SW1H 9DP

Sale history

The most paid for a property in Carteret Street, SW1H 9DP was £2,000,000 in 2020.

Date Price Change
Today's value* £3,235,000 61.8%
10 Jan 2020 £2,000,000 -

Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £3.12M and £3.35M.

  • This property only has one recorded sale so it doesn't have a historic investment return or rating yet.

  • At a sale price of £3.24M, we expect this property to be in a similar condition to the neighbouring properties in the road.
  • This property has a similar cost per square foot as other properties in the road, which is why we think it is in a reasonable condition.

  • At a valuation of £3.24M this property has a cost per square foot of £3,757 - this is comparable with the average for properties for the area (which is currently £3,756).

If we valued this property using the average cost per square foot (CPSF):

  • Using the average CPSF for the whole road - it would be worth £3.23M.

The local market - Carteret Street, SW1H 9DP

  • The average property value here is £2,147,000.
    • Valuations range from £1,059,000 to £3,235,000.
  • 2 properties have sold in SW1H 9DP over the last 5 years.
OFFERS EXPECTED TO BE IN THE REGION OF:
£3.12M - £3.35M

Most likely sale price: £3.24M

How does this property compare to others in Carteret Street, SW1H 9DP?
51% MORE

Valuation details

The most likely sale price is £3,235,000 but at the lower end we think it should fetch a minimum of £3,122,000.

This property has increased in price by £1,235,000 since it last sold in 2020 - this equates to a 11.9% rise each year.

On a cost per square foot basis, this property is valued at 0% more than the other houses in this road.

Essential info

  • Leasehold property
  • 861 square feet
  • 51% more expensive than the average here

This property is currently valued at £3,756 per square foot - the average cost per square foot for this postcode is £0.

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 (find out more here).

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £5,465,000.

PropertyValuation
Third Floor Flat, 10 Carteret Street
£1,059,000
Apartment 1, 12 Carteret Street
861 sq.ft.
£3,235,000

Energy rating - how does this property compare?

  • Property energy rating: 83 (max. score 100).

The property market across SW1H 9

  • The average price paid for all property types in the area SW1H 9 over the past year is £3.73M.
  • Properties have been selling for £1,290 per square foot across SW1H 9.
  • 4 properties have sold over the last 12 months (in the area coverring SW1H 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.