Apartment 503, 55 Victoria Street, London, City Of Westminster, Greater London, SW1H 0AF

Flat
1507 sq ft
15.2%
PROPERTY VALUATION
£
Last sold: October 2018
VALUATION RANGE
£3.22M - £3.45M
LOW OFFER | HIGH OFFER
PRICE CHANGE
£439,000
Percentage change: +15.2%

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

UPDATE VALUATION

Property summary Last updated: 02/04/2024

Last updated: 02/04/2024

Apartment 503, 55 Victoria Street is a mid floor flat spread over 1,507 square feet, making it one of the smaller properties here - it is ranked as the 5th most expensive property* in SW1H 0AF, with a valuation of £3,334,000.

Since it last sold in October 2018 for £2,895,000, its value has increased by £439,000.

At a sale price of £3.33M, we expect this property to be in very good condition (or is significantly more desirable for some other reason) based on its price per square foot.

9 flats have sold at an average price of £4,493,466 in SW1H 0 over the last 12 months.

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

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15%
This property has increased in price by 15% since it last sold 5 years ago
20%
This property is 20% more expensive than average in Victoria Street, SW1H 0AF

Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £3.22M and £3.45M.

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

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Sale history

The most paid for a property in Victoria Street, SW1H 0AF was £6,505,000 in 2021.

Date Price Change
Today's value* £3,334,000 £439k 15.2%
09 Oct 2018 £2,895,000 -
  • At a sale price of £3.33M, we expect this property to be in a substantially better condition than the neighbouring properties in the road.
  • This property has a higher cost per square foot than other properties in the road, 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 it could also be because the property has more appealing architecture, a bigger garden, more parking spaces or a garage etc.

  • At a valuation of £3.33M this property has a cost per square foot of £2,212 - this is substantially more than the average for the area (which is currently £1,939).

  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £2.92M. 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.
  • Expect to pay £1,553 to £2,102 per square foot to live in SW1H 0AF depending on the property's condition and size of its garden.

The local market - Victoria Street, SW1H 0AF

  • The average property value here is £2,774,000.
    • Valuations range from £114,000 to £7,824,000.
  • 7 properties have sold in SW1H 0AF over the last 5 years.
  • Victoria Street has 6 postcodes associated with it.
    • The average price of property in Victoria Street is £2,069,493.
    • Property in Victoria Street typically sells for between £1,648 and £2,230 per square foot.
    • Properties in Victoria Street are currently valued at an average cost per square foot of £1,939.
Apartment 503, 55 Victoria Street, London is a flat with 1,507 square feet of internal space.
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Valuation details

The most likely sale price is £3,334,000 but at the lower end we think it should fetch a minimum of £3,217,000.

On a cost per square foot basis, this property is valued at 21% more than the other houses in this postcode.

Leasehold flat.
  • 1,507 square feet.
  • 1% smaller than the average property in this postcode.
  • 20% more expensive than the average here.

This property is currently valued at £2,212 per square foot - the average cost per square foot for this postcode is £1828.

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 £3,834,000.

UPDATE VALUATION
PropertyValuation
Car Parking Space 9, 55, Victoria Street
£114,000
Car Parking Space 10, 55, Victoria Street
£114,000
Apartment 110, 55 Victoria Street
872 sq.ft.
£952,000
Apartment 505, 55 Victoria Street
1378 sq.ft.
£1,768,000
Apartment 1001, 55 Victoria Street
2551 sq.ft.
£7,229,000

Energy rating - how does this property compare?

  • Property energy rating: 82 (max. score 100).
    • This is similar to the average for this postcode.

The property market across SW1H 0

  • The average price paid for a flat in the area SW1H 0 over the past year is £4.49M.
  • Flats have been selling for £2,224 per square foot across SW1H 0.
  • 9 flats have sold over the last 12 months (in the area coverring SW1H 0).
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.