Flat 26, Greycoat House, 27, Greycoat Street, London, City Of Westminster, Greater London, SW1P 2QF

Flat
256%
PROPERTY VALUATION
£
Price change: +£793,000
Since last sold: September 1999
VALUATION RANGE
£1.06M - £1.14M
LOW OFFER | HIGH OFFER
Confidence: High
UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 26, Greycoat House, 27 is a flat - it is ranked as the 25th most expensive property* in SW1P 2QF, with a valuation of £1,103,000.

Since it last sold in September 1999 for £310,000, its value has increased by £793,000.

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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 £1.06M and £1.14M.

  • The property turned out to be a superb investment for the previous owner - returning on average 9.7% per annum.

  • 24 flats have sold at an average price of £781,483 over the last 12 months (in the area coverring SW1P 2).

  • 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 £1.09M.
  • This is based on it having an internal floor area of 896 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:
£366k
Average house price:
£1.64M
Most expensive:
£33.82M
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256%
This property has increased in price by 256% since it last sold 24 years ago
33%
This property is 33% less expensive than average in Greycoat Street, SW1P 2QF

Sale history

The most paid for a property in Greycoat Street, SW1P 2QF was £40,250,000 in 2017.

Date Price Change
Today's value* £1,103,000 255.8%
24 Sep 1999 £310,000 20.4%
19 Sep 1997 £257,450 -
Flat 26, Greycoat House, 27, Greycoat Street, London is a flat.
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Valuation details

The most likely sale price is £1,103,000 but at the lower end we think it should fetch a minimum of £1,064,000.

This property has increased in price by £793,000 since it last sold in 1999 - this equates to a 5.3% 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 £1,524,000.

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: 9.7%

Was It A Good Investment?

The previous owner had the property for 2 years, having purchased it in September 1997 for £257,450.

During this time, the price rose by £52,550 (20.4%), which equates to it increasing in value by 9.7% each year.

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

How does this property compare?

  • Most likely sale price: £1,103,000.
    • Offers likely to be accepted between £1,064,000 and £1,142,000.
  • Leasehold flat.

The local market - SW1P 2QF

  • The average property price for this postcode is £1,639,000.
    • Prices here range from £366,000 to £33,817,000.
    • Expect to pay £1,032 to £1,397 per square foot for property in SW1P 2QF.
  • 25 properties have sold in SW1P 2QF over the last 5 years.
  • Greycoat Street has 5 postcodes associated with it.
    • The average price of property in Greycoat Street is £1,037,979.
    • Property in Greycoat Street typically sells for between £934 and £1,264 per square foot.
    • Properties in Greycoat Street are currently valued at an average cost per square foot of £1,099.

The property market across SW1P 2

  • The average price paid for a flat in the area SW1P 2 over the past year is £781k.
  • Flats have been selling for £1,034 per square foot across SW1P 2.
  • 24 flats have sold over the last 12 months (in the area coverring SW1P 2).
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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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.