Apartment 52, 2 Riverlight Quay, London, Wandsworth, Greater London, SW11 8AW

Flat
-4%
PROPERTY VALUATION
£
Price change: -£38,000
Since last sold: March 2021
VALUATION RANGE
£784k - £840k
LOW OFFER | HIGH OFFER
Confidence: High
UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Apartment 52, 2 Riverlight Quay is a flat - it is ranked as the 10th most expensive property* in SW11 8AW, with a valuation of £812,000.

Since it last sold in March 2021 for £850,000, its value has decreased by £38,000.

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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 £784k and £840k.

  • The property didn't turn out to be a great investment for the previous owner - returning on average 2.3% per annum.

  • 24 flats have sold at an average price of £1,122,895 over the last 12 months (in the area coverring SW11 8).

  • 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:
£7k
Average house price:
£862k
Most expensive:
£1.8M
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-4.5%
This property has fallen in price by -4.5% since it last sold 3 years ago
6%
This property is 6% less expensive than average in Riverlight Quay, SW11 8AW

Sale history

The most paid for a property in Riverlight Quay, SW11 8AW was £1,850,000 in 2018.

Date Price Change
Today's value* £812,000 4.5%
26 Mar 2021 £850,000 4.9%
06 Feb 2019 £810,000 -
Apartment 52, 2 Riverlight Quay, London is a flat.
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Valuation details

The most likely sale price is £812,000 but at the lower end we think it should fetch a minimum of £784,000.

This property has decreased in price by £38,000 since it last sold in 2021 - this equates to a 1.5% fall 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.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £934,000.

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: 2.3%

Was It A Good Investment?

The previous owner had the property for 2 years, having purchased it in February 2019 for £810,000.

During this time, the price rose by £40,000 (4.9%), which equates to it increasing in value by 2.3% 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: £812,000.
    • Offers likely to be accepted between £784,000 and £840,000.
  • Leasehold flat.

The local market - SW11 8AW

  • The average property price for this postcode is £862,000.
    • Prices here range from £7,000 to £1,797,000.
  • 14 properties have sold in SW11 8AW over the last 5 years.

The property market across SW11 8

  • The average price paid for a flat in the area SW11 8 over the past year is £1.12M.
  • Flats have been selling for £1,234 per square foot across SW11 8.
  • 24 flats have sold over the last 12 months (in the area coverring SW11 8).
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.