At a sale price of £6.17M, we expect this property to be in very good condition.
UPDATE CONDITIONFlat 2, 15 Eaton Place is a flat spread over 2,250 square feet, making it one of the smaller properties here - it is ranked as the most expensive property* in SW1X 8BN, with a valuation of £6,174,000.
Since it last sold in November 2019 for £7,025,000, its value has decreased by £851,000.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £5.96M and £6.39M.
The property turned out to be a amazing investment for the previous owner - returning on average 12.1% per annum.
12 flats have sold at an average price of £4,109,833 over the last 12 months (in the area coverring SW1X 8).
Flat 2, 15 Eaton Place is marginally smaller than the average property in this postcode.
The most paid for a property in Eaton Place, SW1X 8BN was £7,025,000 in 2019.
Date | Price | Change |
---|---|---|
Today's value* | £6,174,000 | 12.1% |
21 Nov 2019 | £7,025,000 | 49.5% |
16 May 2016 | £4,700,000 | - |
The most likely sale price is £6,174,000 but at the lower end we think it should fetch a minimum of £5,958,000.
On a cost per square foot basis, this property is valued at 36% more than the other houses in this postcode.
This property has decreased in price by £851,000 since it last sold in 2019 - this equates to a 2.9% fall 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 higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger 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 £7,982,000.
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 3 years, having purchased it in May 2016 for £4,700,000.
During this time, the price rose by £2,325,000 (49.5%), which equates to it increasing in value by 12.1% each year.
The property turned out to be a amazing investment for the previous owner.
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.