Property valuation
Flat 12, Overstrand Mansions, Prince Of Wales Drive, London, Wandsworth, Greater London, SW11 4HA
3 bedrooms
Leasehold
Flat
-0.2%
Today's price
£1,816,000
Last sold: July 2020 @ £1,820,000
Investment rating

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

Refine valuation
Last updated: 3 days ago

How much has this property changed in price since it was last sold?

Flat 12, Overstrand Mansions is a 3 bedroom leasehold flat - it is ranked as the 5th most expensive property in SW11 4HA, with a valuation of £1,816,000.

Since it last sold in July 2020 for £1,820,000, its value has decreased by £4,000. You can refine the property valuation to take account of any home improvements by clicking here.

Sale history

Flat 12, Overstrand Mansions has 3 transactions recorded with HM Land Registry - its market value today is £1,816,000.

The current owner bought the property in July 2020 for £1,820,000 and has lived here for less than one year.

Date Price Change
Today's value £1,816,000 £4,000 0.2%
31 Jul 2020 £1,820,000 £1,185,000 186.6%
23 May 2002 £635,000 £395,000 164.6%
21 Aug 1996 £240,000 -

Since the current owner purchased the property, its value has decreased by £4,000 (0.2%).

This valuation doesn't take account of any home improvements - see below for a fully refurbished valuation.

Latest sale analysis

Investment rating:

The previous owner bought this property for £635,000 in May 2002 and sold it for £1,820,000 in July 2020.

They owned the property for 18 years before selling it.

During this time, the price rose by £1,185,000 (186.6%), which equates to it increasing in value by 6% each year.

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

Property price rank
Ranked 5th out of 21 on price in SW11 4HA

We've compared this property to all the other properties in SW11 4HA* and calculate that this property is the 5th most expensive property in this postcode.

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Estimated price
£1.534M
Low
£1,816,000
Compared to average: +21%
£2.43M
High

This property is 21% more expensive than average in this postcode.

There have been 8 sales in this postcode over the last ten years - the most recent property sold for £850,000.

The price that this house will sell for will be partly determined by how quickly the owner wants to sell, as well as the buyer's desire for this particular property.

If the owner is keen to move quickly, they are more likely to sell at the lower end of this valuation (£1,534,000). This valuation range assumes that no home improvements have been carried out since the owner purchased the property.

Cost per square foot
£1,249
Against benchmark: +£145
The average cost per square foot (CPSF) in SW11 4HA is £1,104.
The CPSF for this property is based on it having 1,453 square feet of habitable space and a valuation of £1,816,000.
We'd expect most properties here to have a CPSF between £938 and £1,269.
Valuation review

Refurbishment

When a home is renovated, the price that a buyer is typically prepared to pay will increase.

Fully refurbished valuation

£1.764M
Low end expectation
£2.795M
Higher end potential
If Flat 12, Overstrand Mansions was previously purchased in a poor condition and then fully refurbished throughout, we would expect it to sit within a new price range starting at £1,764,000 and possibly fetching upto £2,795,000.
Most recent sales in this postcode
What are the other properties worth?
AddressValuation
Flat 15A, Overstrand Mansions £888,000 (+4%)
Flat 5, Overstrand Mansions £1,508,000 (+10%)
Flat 9, Overstrand Mansions £1,649,000 (+3%)
Flat 13, Overstrand Mansions £1,732,000 (+3%)
Flat 12, Overstrand Mansions £1,816,000 (-0%)
Property price range - SW11 4HA
  • Lower end property: £603k
  • Average property: £1.503M
  • Higher end property: £2.026M
All sales in SW11 4HA

Flat 12, Overstrand Mansions valued at £1,816,000 is the 5th most expensive property in SW11 4HA. If this property sold today, we estimate that it would most likely sell for £1,816,000 and sit within a price band ranging between £1,534,000 and £2,430,000.

At a market value of £1,816,000 and having 1453 square feet of internal floor space, this property today is valued at £1,249 per square foot. On this basis, this property is 13% more expensive than the average for SW11 4HA (which stands at £1,104 per square foot in today's market).

The most expensive property in SW11 4HA is valued at £2,026,000 in today's market whilst the cheapest is worth £603,000 - the average market value for properties here today is £1,503,048.

If the property was previously purchased in a bad state of repair, making home improvements throughout could increase its sale price to £2,795,000.

Please note, as this property has previously been sold on a lease, if the owner has renewed the lease, the value of the property could be significantly higher.

Recent sales in the surrounding roads

Scanning for recent sales near here

* Excluding properties that we've been unable to calculate a valuation for.

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 (including reliability, currency or suitability) of the data and information contained on this website and accepts no liability (including without limitation, liability in negligence) for any loss or damage or costs (including consequential damage) arising in connection with the data and information contained on this website. The estimate of current value ranges provided on the website are based on a proprietary automated valuation estimate provided by The Move Market. Any estimated values ranges are current at the date of the publication only. It is computer generated and is not a professional appraisal of the subject property and should not be relied upon in lieu of appropriate professional advice. The accuracy of the methodology used to develop the valuation, the existence of the subject property, the accuracy of the estimate and all rule sets provided are estimates based on available data and are not guaranteed or warranted. The Move Market excludes all liability for any loss or damage arising in connection with the estimated value provided in this report.