Adding a new kitchen could add £314k to the sale price.
This valuation does not take into account any home improvements or extensions made to the property.
UPDATE VALUATIONFlat 1, Albert Gate Court, 124 is a first floor flat spread over 2,217 square feet, making it one of the smaller properties here - it is ranked as the 6th most expensive property* in SW1X 7PE, with a valuation of £4,185,000.
Since it last sold in May 2019 for £5,600,000, its value has decreased by £1,415,000.
At a sale price of £4.19M, we expect this property to be in a reasonable condition based on its price per square foot.
7 flats have sold at an average price of £3,321,000 in SW1X 7 over the last 12 months.
Get an updated valuation by simply telling us about any renovations made.
Built between 1900 and 1929, the property has sold twice 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 £4.04M and £4.33M.
The property didn't turn out to be a great investment for the previous owner - returning on average 0.0% per annum.
The most paid for a property in Knightsbridge, SW1X 7PE was £5,650,000 in 2020.
| Date | Price | Change |
|---|---|---|
| Today's value* | £4,185,000 | £1.42M 25.3% |
| 02 May 2019 | £5,600,000 | £- 0.0% |
| 02 May 2019 | £5,600,000 | - |
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 £4.19M this property has a cost per square foot of £1,887 - this is comparable with the average for properties for the area (which is currently £1,869).
If we valued this property using the average cost per square foot (CPSF):
The previous owner bought this property for £5,600,000 in May 2019 and sold it for the same price in May 2019, having owned it since May 2019 (less than 1 month).
The property didn't turn out to be a great investment for the previous owner.
The two most recent sales have been recorded as a non-residential transactions. This could be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.
Most likely sale price: £4.19M
Flat 1, Albert Gate Court, 124, Knightsbridge is a fraction smaller than the average property in this postcode.
The most likely sale price is £4,185,000 but at the lower end we think it should fetch a minimum of £4,039,000.
This property has decreased in price by £1,415,000 since it last sold in 2019 - this equates to a 5.7% fall each year.
On a cost per square foot basis, this property is valued at 4% less than the other houses in this postcode.
A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller 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 £4,813,000.
| Property | Valuation | ||
|---|---|---|---|
|
Flat 3, Albert Gate Court, 124
2153 sq.ft. |
£3,672,000 | ||
|
Flat 10, Albert Gate Court, 124
2616 sq.ft. |
£3,735,000 | ||
|
Flat 1, Albert Gate Court, 124
2217 sq.ft. |
£4,185,000 | ||
|
Flat 11, Albert Gate Court, 124
1798 sq.ft. |
£5,104,000 | ||
|
Flat 9, Albert Gate Court, 124
2530 sq.ft. |
£6,037,000 |
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:
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
* 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.
