At a sale price of £1.03M, we expect this property to be in good condition.
UPDATE CONDITIONFlat 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.
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.
Flat 12A, Greycoat House, 27, Greycoat Street is a fraction bigger than the average property in this postcode.
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% |
18 Jul 1997 | £247,000 | - |
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).
Mortgage repayment calculatorThe 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.
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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* Excluding properties that we've been unable to calculate a valuation for. ** Excludes property transactions that occurred before 1995.
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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.