Flat 2, 15 Northbourne Road, London, Lambeth, Greater London, SW4 7DR

Flat
958 sq ft
17%
PROPERTY VALUATION
£
Price change: +£135,000
Since last sold: September 2019
VALUATION RANGE
£878k - £942k
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £910k, we expect this property to be in very good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 2, 15 Northbourne Road is a flat spread over 958 square feet, making it one of the largest properties here - it is ranked as the most expensive property* in SW4 7DR, with a valuation of £910,000.

Since it last sold in September 2019 for £775,000, its value has increased by £135,000.

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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 £878k and £942k.

  • The property didn't turn out to be a great investment for the previous owner - returning on average 0.5% per annum.

  • 47 flats have sold at an average price of £513,939 over the last 12 months (in the area coverring SW4 7).

  • Built between 1900 and 1929, the property has sold four times over the last 29 years.

  • At a sale price of £910k, 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 £910k it has a cost per square foot of £949, which is comparable with the average for properties for the area. The average cost per square foot for property here is £946.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £906k. 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:
£315k
Average house price:
£706k
Most expensive:
£910k
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17%
This property has increased in price by 17% since it last sold 4 years ago
29%
This property is 29% more expensive than average in Northbourne Road, SW4 7DR

Sale history

The most paid for a property in Northbourne Road, SW4 7DR was £775,000 in 2019.

Date Price Change
Today's value* £910,000 17.4%
25 Sep 2019 £775,000 2.5%
01 Aug 2014 £756,000 51.2%
Flat 2, 15 Northbourne Road, London is a flat with 958 square feet of internal space built between 1900 and 1929.
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Valuation details

The most likely sale price is £910,000 but at the lower end we think it should fetch a minimum of £878,000.

On a cost per square foot basis, this property is valued the same as the other houses in this postcode.

This property has increased in price by £135,000 since it last sold in 2019 - this equates to a 3.6% 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 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 £1,235,000.

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: .5%

Was It A Good Investment?

The previous owner had the property for 5 years, having purchased it in August 2014 for £756,000.

During this time, the price rose by £19,000 (2.5%), which equates to it increasing in value by .5% each year.

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

How does this property compare?

  • Most likely sale price: £910,000.
    • Offers likely to be accepted between £878,000 and £942,000.
    • Cost per squre foot: £949 (at a valuation of £910,000) - the average cost per square foot for this postcode is £946.
  • Leasehold flat.
    • 958 square feet.
  • Property energy rating: 40.
    • This is below average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW4 7DR

  • The average property price for this postcode is £706,000.
    • Prices here range from £315,000 to £910,000.
    • Expect to pay £804 to £1,087 per square foot for property in SW4 7DR.
  • Only one property has sold in SW4 7DR over the last 5 years.
  • Northbourne Road has 6 postcodes associated with it.
    • The average price of property in Northbourne Road is £1,192,234.
    • Property in Northbourne Road typically sells for between £817 and £1,105 per square foot.
    • Properties in Northbourne Road are currently valued at an average cost per square foot of £961.

The property market across SW4 7

  • The average price paid for a flat in the area SW4 7 over the past year is £514k.
  • Flats have been selling for £742 per square foot across SW4 7.
  • 47 flats have sold over the last 12 months (in the area coverring SW4 7).
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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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.