Adding a new kitchen could add £380k to the sale price.
This valuation does not take into account any home improvements or extensions made to the property.
UPDATE VALUATIONFlat 2, 57 Eaton Place is a first floor flat spread over 2,626 square feet, making it one of the smaller properties here - it is ranked as the 8th most expensive property* in SW1X 8DF, with a valuation of £5,066,000.
Since it last sold in January 2020 for £5,750,000, its value has decreased by £684,000.
At a sale price of £5.07M, we expect this property to be in a reasonable condition based on its price per square foot.
12 flats have sold at an average price of £4,032,000 in SW1X 8 over the last 12 months.
Get an updated valuation by simply telling us about any renovations made.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £4.89M and £5.24M.
The property turned out to be a amazing investment for the previous owner - returning on average 14.7% per annum.
The most paid for a property in Eaton Place, SW1X 8DF was £20,150,000 in 2014.
| Date | Price | Change |
|---|---|---|
| Today's value* | £5,066,000 | £684k 11.9% |
| 06 Jan 2020 | £5,750,000 | £3.95M 219.7% |
| 14 Jul 2011 | £1,798,800 | - |
This property has a similar cost per square foot as other properties in the road, which is why we think it is in a reasonable condition.
At a valuation of £5.07M this property has a cost per square foot of £1,929 - this is comparable with the average for properties for the area (which is currently £2,012).
If we valued this property using the average cost per square foot (CPSF):
The previous owner had the property for 8 years, having purchased it in July 2011 for £1,798,800.
During this time, the price rose by £3,951,200 (219.7%), which equates to it increasing in value by 14.7% each year.
The property turned out to be a amazing investment for the previous owner.
The sale on 06 January 2020 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.
Most likely sale price: £5.07M
Flat 2, 57 Eaton Place is marginally smaller than the average property in this postcode.
The most likely sale price is £5,066,000 but at the lower end we think it should fetch a minimum of £4,889,000.
This property has decreased in price by £684,000 since it last sold in 2020 - this equates to a 2.9% fall each year.
On a cost per square foot basis, this property is valued at 18% less than the other houses in this postcode.
This property is currently valued at £1,928 per square foot - the average cost per square foot for this postcode is £2350.
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 £6,522,000.
| Property | Valuation | ||
|---|---|---|---|
|
Basement And Ground Floor Maisonette, 59 Eaton Place
|
£1,638,000 | ||
|
Flat 3, 59 Eaton Place
2253 sq.ft. |
£4,459,000 | ||
|
Flat 2, 57 Eaton Place
2626 sq.ft. |
£5,066,000 | ||
|
Flat 1, 57 Eaton Place
3488 sq.ft. |
£8,502,000 | ||
|
63 Eaton Place, London
3821 sq.ft. |
£14,046,000 |
Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.
The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.
In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.
If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.
A number of things can make a property more desirable and sell for more money per square foot than others in the area.
Some of the things that can cause a property to be worth more per square foot include:
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
* 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 29/02/2024 - this was released on the 28/03/2024.
