Flat 16, Bishops Wharf, 49 - 51, Parkgate Road, London, Wandsworth, Greater London, SW11 4NA

Flat
23%
PROPERTY VALUATION
£
Price change: +£181,000
Since last sold: October 2021
VALUATION RANGE
£923k - £989k
LOW OFFER | HIGH OFFER
Confidence: High
UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 16, Bishops Wharf, 49 - 51 is a flat - it is ranked as the 35th most expensive property* in SW11 4NA, with a valuation of £956,000.

Since it last sold in October 2021 for £775,000, its value has increased by £181,000.

Advertisement

Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £923k and £989k.

  • The property turned out to be a reasonably good investment for the previous owner - returning on average 4.3% per annum.

  • 68 flats have sold at an average price of £1,005,280 over the last 12 months (in the area coverring SW11 4).

  • If this property is similar in size to the average property here - utilising the average cost per square foot, we would expect it to have a valuation of £1.31M.
  • This is based on it having an internal floor area of 1,063 square feet.
  • 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:
£679k
Average house price:
£1.23M
Most expensive:
£3.59M
Advertisement
23%
This property has increased in price by 23% since it last sold 2 years ago
22%
This property is 22% less expensive than average in Parkgate Road, SW11 4NA

10 MOST RECENT SALES - SW11 4NA

Sale history

The most paid for a property in Parkgate Road, SW11 4NA was £2,260,000 in 2023.

Date Price Change
Today's value* £956,000 23.4%
13 Oct 2021 £775,000 134.8%
16 Aug 2001 £330,000 69.2%
Flat 16, Bishops Wharf, 49 - 51, Parkgate Road, London is a flat.
Advertisement

Valuation details

The most likely sale price is £956,000 but at the lower end we think it should fetch a minimum of £923,000.

This property has increased in price by £181,000 since it last sold in 2021 - this equates to a 8.9% 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.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £1,099,000.

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 calculator
Investment Performance
Annual change: 4.3%

Was It A Good Investment?

The previous owner had the property for 20 years, having purchased it in August 2001 for £330,000.

During this time, the price rose by £445,000 (134.8%), which equates to it increasing in value by 4.3% each year.

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

How does this property compare?

  • Most likely sale price: £956,000.
    • Offers likely to be accepted between £923,000 and £989,000.
  • Leasehold flat.

The local market - SW11 4NA

  • The average property price for this postcode is £1,228,000.
    • Prices here range from £679,000 to £3,586,000.
    • Expect to pay £1,046 to £1,415 per square foot for property in SW11 4NA.
  • 8 properties have sold in SW11 4NA over the last 5 years.
  • Parkgate Road has 8 postcodes associated with it.
    • The average price of property in Parkgate Road is £1,215,388.
    • Property in Parkgate Road typically sells for between £915 and £1,239 per square foot.
    • Properties in Parkgate Road are currently valued at an average cost per square foot of £1,077.

The property market across SW11 4

  • The average price paid for a flat in the area SW11 4 over the past year is £1.01M.
  • Flats have been selling for £942 per square foot across SW11 4.
  • 68 flats have sold over the last 12 months (in the area coverring SW11 4).
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.

Create valuation report
Recent sales in the surrounding roads
Searching for recent sales near here

Things to check before buying a new home

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.