Apartment 127, Romney House, 47, Marsham Street, London, City Of Westminster, Greater London, SW1P 3DR

Flat
840 sq ft
17%
PROPERTY VALUATION
£
Price change: +£143,000
Since last sold: August 2019
VALUATION RANGE
£963k - £1.03M
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £998k, we expect this property to be in a reasonable condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Apartment 127, Romney House, 47 is a 4th floor flat spread over 840 square feet, making it one of the bigger properties here - it is ranked as the 23rd most expensive property* in SW1P 3DR, with a valuation of £998,000.

Since it last sold in August 2019 for £855,000, its value has increased by £143,000.

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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 £963k and £1.03M.

  • The property didn't turn out to be a great investment for the previous owner - returning on average 2.6% per annum.

  • 4 flats have sold at an average price of £1,083,225 over the last 12 months (in the area coverring SW1P 3).

  • At a sale price of £998k, 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 £998k it has a cost per square foot of £1,188, which is slightly more than the average for the area. The average cost per square foot for property here is £1,072.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £900k. 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:
£436k
Average house price:
£867k
Most expensive:
£1.7M
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17%
This property has increased in price by 17% since it last sold 4 years ago
15%
This property is 15% more expensive than average in Marsham Street, SW1P 3DR

10 MOST RECENT SALES - SW1P 3DR

Apartment 127, Romney House, 47, Marsham Street is marginally bigger than the average property in this postcode.

Sale history

The most paid for a property in Marsham Street, SW1P 3DR was £1,830,000 in 2022.

Date Price Change
Today's value* £998,000 16.7%
01 Aug 2019 £855,000 27.6%
14 Jan 2010 £670,000 24.1%
Apartment 127, Romney House, 47, Marsham Street, London is a flat with 840 square feet of internal space.
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Valuation details

The most likely sale price is £998,000 but at the lower end we think it should fetch a minimum of £963,000.

On a cost per square foot basis, this property is valued at 11% more than the other houses in this postcode.

This property has increased in price by £143,000 since it last sold in 2019 - this equates to a 3.4% 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 £1,293,000.

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: 2.6%

Was It A Good Investment?

The previous owner had the property for 9 years, having purchased it in January 2010 for £670,000.

During this time, the price rose by £185,000 (27.6%), which equates to it increasing in value by 2.6% 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: £998,000.
    • Offers likely to be accepted between £963,000 and £1,033,000.
    • Cost per squre foot: £1,188 (at a valuation of £998,000) - the average cost per square foot for this postcode is £1072.
  • Leasehold flat.
    • 840 square feet.
  • Property energy rating: 69.
    • 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 - SW1P 3DR

  • The average property price for this postcode is £867,000.
    • Prices here range from £436,000 to £1,703,000.
    • Expect to pay £911 to £1,232 per square foot for property in SW1P 3DR.
  • 12 properties have sold in SW1P 3DR over the last 5 years.
  • Marsham Street has 24 postcodes associated with it.
    • The average price of property in Marsham Street is £1,073,868.
    • Property in Marsham Street typically sells for between £1,053 and £1,425 per square foot.
    • Properties in Marsham Street are currently valued at an average cost per square foot of £1,239.

The property market across SW1P 3

  • The average price paid for a flat in the area SW1P 3 over the past year is £1.08M.
  • Flats have been selling for £1,148 per square foot across SW1P 3.
  • 4 flats have sold over the last 12 months (in the area coverring SW1P 3).
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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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.