Flat 205, 20 Palace Street, London, City Of Westminster, Greater London, SW1E 5BA

Flat
36.3%
PROPERTY VALUATION
£
Last sold: May 2019
VALUATION RANGE
£1.61M - £1.73M
LOW OFFER | HIGH OFFER
PRICE CHANGE
£445,000
Percentage change: +36.3%

This valuation does not take into account any home improvements or extensions made to the property.

UPDATE VALUATION

Property summary Last updated: 02/04/2024

Last updated: 02/04/2024

Flat 205, 20 Palace Street is a flat - it is ranked as the 38th most expensive property* in SW1E 5BA, with a valuation of £1,670,000.

Since it last sold in May 2019 for £1,225,000, its value has increased by £445,000.

1 flat have sold at an average price of £200,000 in SW1E 5 over the last 12 months.

Get an updated valuation by simply telling us about any renovations made.

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36%
This property has increased in price by 36% since it last sold 4 years ago
19%
This property is 19% less expensive than average in Palace Street, SW1E 5BA

Essential buying details

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £1.61M and £1.73M.

  • The property turned out to be a really good investment for the previous owner - returning on average 7.5% per annum.

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Sale history

The most paid for a property in Palace Street, SW1E 5BA was £2,100,000 in 2018.

Date Price Change
Today's value* £1,670,000 £445k 36.3%
24 May 2019 £1,225,000 £760k 163.4%
08 Dec 2005 £465,000 -
  • 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 £1.91M.
  • This is based on it having an internal floor area of 1,075 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.
  • Expect to pay £1,428 to £1,933 per square foot to live in SW1E 5BA depending on the property's condition and size of its garden.

The local market - Palace Street, SW1E 5BA

  • The average property value here is £2,072,000.
    • Valuations range from £804,000 to £6,844,000.
  • 11 properties have sold in SW1E 5BA over the last 5 years.
  • Palace Street has 8 postcodes associated with it.
    • The average price of property in Palace Street is £2,479,881.
    • Property in Palace Street typically sells for between £1,508 and £2,040 per square foot.
    • Properties in Palace Street are currently valued at an average cost per square foot of £1,774.
Flat 205, 20 Palace Street, London is a flat.
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Valuation details

The most likely sale price is £1,670,000 but at the lower end we think it should fetch a minimum of £1,612,000.

Leasehold flat.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £2,738,000.

UPDATE VALUATION
Investment Performance
Annual change: 7.5%

The previous owner had the property for 13 years, having purchased it in December 2005 for £465,000.

During this time, the price rose by £760,000 (163.4%), which equates to it increasing in value by 7.5% each year.

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

PropertyValuation
Flat 303, 20 Palace Street
£1,254,000
Flat 502, 20 Palace Street
£1,323,000
Flat 302, 20 Palace Street
£1,800,000
Flat 507, 20 Palace Street
£2,315,000
Flat 607, 20 Palace Street
£2,435,000

Energy rating - how does this property compare?

The property market across SW1E 5

  • The average price paid for a flat in the area SW1E 5 over the past year is £200k.
  • Flat have been selling for £135 per square foot across SW1E 5.
  • 1 flat have sold over the last 12 months (in the area coverring SW1E 5).
What does it cost to live in this area?
Recent sales in the surrounding roads
Searching for recent sales near here

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:

  • Good school catchment area
  • Good transport links
  • Bigger garden
  • Offstreet parking and garages
  • High quality architectural designs (a.k.a pretty houses!)
  • Good quality home improvements

We use multiple data sources to provide reliable property information to you.

Some of the data sources we use are:

  • HM Land Registry
  • Ordnance Survey
  • Department for Levelling Up, Housing & Communities
  • Royal Mail
  • Estate agents
  • Property listings

* 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.