Flat 1, 1 Loughborough Road, London, Lambeth, Greater London, SW9 7TA

Flat
928 sq ft
7.4%
PROPERTY VALUATION
£
Last sold: July 2020
VALUATION RANGE
£643k - £689k
LOW OFFER | HIGH OFFER
PRICE CHANGE
£46,000
Percentage change: +7.4%

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

Flat 1, 1 Loughborough Road is a ground floor flat spread over 928 square feet, making it one of the bigger properties here - it is ranked as the 3rd most expensive property* in SW9 7TA, with a valuation of £666,000.

Since it last sold in July 2020 for £620,000, its value has increased by £46,000.

At a sale price of £666k, 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.

26 flats have sold at an average price of £405,388 in SW9 7 over the last 12 months.

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

Advertisement
7.4%
This property has increased in price by 7.4% since it last sold 3 years ago
38%
This property is 38% more expensive than average in Loughborough Road, SW9 7TA

Essential buying details

  • Built between 1900 and 1929, the property has sold three times over the last 29 years.

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £643k and £689k.

  • The property turned out to be a really good investment for the previous owner - returning on average 8.0% per annum.

Advertisement

Sale history

The most paid for a property in Loughborough Road, SW9 7TA was £620,000 in 2020.

Date Price Change
Today's value* £666,000 £46k 7.4%
24 Jul 2020 £620,000 £290k 87.9%
24 May 2012 £329,950 £130k 65.0%
  • At a sale price of £666k, 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 £666k this property has a cost per square foot of £717 - this is substantially more than the average for the area (which is currently £582).

  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £540k. 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 £493 to £668 per square foot to live in SW9 7TA depending on the property's condition and size of its garden.

The local market - Loughborough Road, SW9 7TA

  • The average property value here is £482,000.
    • Valuations range from £279,000 to £705,000.
  • 4 properties have sold in SW9 7TA over the last 5 years.
  • Loughborough Road has 17 postcodes associated with it.
    • The average price of property in Loughborough Road is £470,579.
    • Property in Loughborough Road typically sells for between £495 and £669 per square foot.
    • Properties in Loughborough Road are currently valued at an average cost per square foot of £582.
Flat 1, 1 Loughborough Road, London is a flat with 928 square feet of internal space built between 1900 and 1929.
Advertisement

Valuation details

The most likely sale price is £666,000 but at the lower end we think it should fetch a minimum of £643,000.

On a cost per square foot basis, this property is valued at 23% more than the other houses in this postcode.

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 £766,000.

UPDATE VALUATION
Investment Performance
Annual change: 8%

The previous owner had the property for 8 years, having purchased it in May 2012 for £329,950.

During this time, the price rose by £290,050 (87.9%), which equates to it increasing in value by 8% each year.

The property turned out to be a really good investment for the previous owner.

PropertyValuation
Flat 4, 35A Loughborough Road
592 sq.ft.
£280,000
Flat 1, 35A Loughborough Road
560 sq.ft.
£427,000
Flat 1, 7 Loughborough Road
1012 sq.ft.
£433,000
Flat 2, 15 Loughborough Road
1119 sq.ft.
£621,000
Flat 1, 1 Loughborough Road
928 sq.ft.
£666,000

How does this property compare?

  • Most likely sale price: £666,000.
    • Cost per squre foot: £717 (at a valuation of £666,000)
    • The average cost per square foot for this postcode is £581.
  • Leasehold flat.
    • 928 square feet.
    • 11% bigger than the average property in this postcode.
    • 38% more expensive than the average here.
  • Property energy rating: 29 (max. score 100).
    • This is below average for this postcode.

The property market across SW9 7

  • The average price paid for a flat in the area SW9 7 over the past year is £405k.
  • Flats have been selling for £555 per square foot across SW9 7.
  • 26 flats have sold over the last 12 months (in the area coverring SW9 7).
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.