Flat 12A, Greycoat House, 27, Greycoat Street, London, City Of Westminster, Greater London, SW1P 2QF

Flat
904 sq ft
18%
PROPERTY VALUATION
£
Price change: +£159,000
Since last sold: October 2022
VALUATION RANGE
£998k - £1.07M
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £1.03M, we expect this property to be in good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 12A, Greycoat House, 27 is a second floor flat spread over 904 square feet, making it one of the bigger properties here - it is ranked as the 31st most expensive property* in SW1P 2QF, with a valuation of £1,034,000.

Since it last sold in October 2022 for £875,000, its value has increased by £159,000.

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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 £998k and £1.07M.

  • The property didn't turn out to be a great investment for the previous owner - returning on average -0.8% per annum.

  • 24 flats have sold at an average price of £781,483 over the last 12 months (in the area coverring SW1P 2).

  • Built between 1996 and 2002, the property has sold three times over the last 29 years.

  • At a sale price of £1.03M, we expect this property to be in a similar condition to the neighbouring properties.
  • Most properties in the local area tend to sell within quite a small price range when using the cost per square foot as the valuation method - this property is within the normal expected price range for this area and it is why we think it is in a reasonable condition.
  • At a valuation of £1.03M it has a cost per square foot of £1,143, which is comparable with the average for properties for the area. The average cost per square foot for property here is £1,215.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £1.1M. 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.
  • 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:
£366k
Average house price:
£1.64M
Most expensive:
£33.82M
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18%
This property has increased in price by 18% since it last sold 17 months ago
37%
This property is 37% less expensive than average in Greycoat Street, SW1P 2QF

10 MOST RECENT SALES - SW1P 2QF

Flat 12A, Greycoat House, 27, Greycoat Street is a fraction bigger than the average property in this postcode.

Sale history

The most paid for a property in Greycoat Street, SW1P 2QF was £40,250,000 in 2017.

Date Price Change
Today's value* £1,034,000 18.2%
26 Oct 2022 £875,000 6.7%
30 Jul 2014 £937,500 279.6%
Flat 12A, Greycoat House, 27, Greycoat Street, London is a flat with 904 square feet of internal space built between 1996 and 2002.
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Valuation details

The most likely sale price is £1,034,000 but at the lower end we think it should fetch a minimum of £998,000.

On a cost per square foot basis, this property is valued at 6% less than the other houses in this postcode.

This property has increased in price by £159,000 since it last sold in 2022 - this equates to a 12.4% rise 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.

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 £1,471,000.

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: -.8%

Was It A Good Investment?

The previous owner had the property for 8 years, having purchased it in July 2014 for £937,500. They then sold it in October 2022 for £875,000

During this time, the price fell by £62,500 (-6.7%), which equates to it falling in value by -.8% each year.

The property didn't turn out to be a great investment for the previous owner.

The sale on 26 October 2022 was recorded as a non-residential transaction. This can be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.

How does this property compare?

  • Most likely sale price: £1,034,000.
    • Offers likely to be accepted between £998,000 and £1,070,000.
    • Cost per squre foot: £1,143 (at a valuation of £1,034,000) - the average cost per square foot for this postcode is £1215.
  • Leasehold flat.
    • 904 square feet.
  • Property energy rating: 76.
    • This is similar to the average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW1P 2QF

  • The average property price for this postcode is £1,639,000.
    • Prices here range from £366,000 to £33,817,000.
    • Expect to pay £1,032 to £1,397 per square foot for property in SW1P 2QF.
  • 25 properties have sold in SW1P 2QF over the last 5 years.
  • Greycoat Street has 5 postcodes associated with it.
    • The average price of property in Greycoat Street is £1,037,979.
    • Property in Greycoat Street typically sells for between £934 and £1,264 per square foot.
    • Properties in Greycoat Street are currently valued at an average cost per square foot of £1,099.

The property market across SW1P 2

  • The average price paid for a flat in the area SW1P 2 over the past year is £781k.
  • Flats have been selling for £1,034 per square foot across SW1P 2.
  • 24 flats have sold over the last 12 months (in the area coverring SW1P 2).
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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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.