Flat 28, Overstrand Mansions, Prince Of Wales Drive, London, Wandsworth, Greater London, SW11 4EZ

Flat
1507 sq ft
22.4%
PROPERTY VALUATION
£
Last sold: June 2020
VALUATION RANGE
£2.08M - £2.23M
LOW OFFER | HIGH OFFER
PRICE CHANGE
£393,000
Percentage change: +22.4%

Adding a new kitchen could add £161k to the sale price.

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 28, Overstrand Mansions is a second floor flat spread over 1,507 square feet, making it one of the bigger properties here - it is ranked as the 2nd most expensive property* in SW11 4EZ, with a valuation of £2,150,000.

Since it last sold in June 2020 for £1,757,000, its value has increased by £393,000.

At a sale price of £2.15M, we expect this property to be in very good condition (or is significantly more desirable for some other reason) based on its price per square foot.

71 flats have sold at an average price of £1,041,000 in SW11 4 over the last 12 months.

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

22%
This property has increased in price by 22% since it last sold 3 years ago
23%
This property is 23% more expensive than average in Prince Of Wales Drive, SW11 4EZ

Essential buying details

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

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £2.08M and £2.23M.

  • The property turned out to be a really good investment for the previous owner - returning on average 6.4% per annum.

Sale history

The most paid for a property in Prince Of Wales Drive, SW11 4EZ was £2,025,000 in 2022.

Date Price Change
Today's value* £2,150,000 £393k 22.4%
17 Jun 2020 £1,757,000 £1.27M 258.6%
26 Nov 1999 £490,000 £230k 88.5%
Recent sales in the surrounding roads
Searching for recent sales near here
  • At a sale price of £2.15M, we expect this property to be in a substantially better condition than the neighbouring properties in the road.
  • This property has a higher cost per square foot than other properties in the road, which is why we think it is more likely to be in good condition.

    This can be caused by it having recently been refurbished to a high standard although it could also be because the property has more appealing architecture, a bigger garden, more parking spaces or a garage etc.

  • At a valuation of £2.15M this property has a cost per square foot of £1,426 - this is substantially more than the average for the area (which is currently £1,186).

If we valued this property using the average cost per square foot (CPSF):

  • Using the average CPSF for properties just in the postcode - it would be worth £1.88M.
  • Using the average CPSF for the whole road - it would be worth £1.79M.

The local market - Prince Of Wales Drive, SW11 4EZ

  • The average property value here is £1,754,000.
    • Valuations range from £627,000 to £2,257,000.
  • 8 properties have sold in SW11 4EZ over the last 5 years.
  • Prince Of Wales Drive has 36 postcodes associated with it.
    • The average price of property in Prince Of Wales Drive is £1,113,168.
    • Property in Prince Of Wales Drive typically sells for between £1,008 and £1,364 per square foot.
    • Properties in Prince Of Wales Drive are currently valued at an average cost per square foot of £1,186.
Investment Performance
Annual change: 6.4%

The previous owner had the property for 20 years, having purchased it in November 1999 for £490,000.

During this time, the price rose by £1,267,000 (258.6%), which equates to it increasing in value by 6.4% each year.

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

Flat 28, Overstrand Mansions, Prince Of Wales Drive, London is a flat with 1,507 square feet of internal space built between 1900 and 1929.
OFFERS EXPECTED TO BE IN THE REGION OF:
£2.08M - £2.23M

Most likely sale price: £2.15M

How does this property compare to others in Prince Of Wales Drive, SW11 4EZ?
23% MORE | 3% BIGGER

Recent sales

10 MOST RECENT SALES IN SW11 4EZ

Flat 28, Overstrand Mansions, Prince Of Wales Drive is a fraction bigger than the average property in this postcode.

Valuation details

The most likely sale price is £2,150,000 but at the lower end we think it should fetch a minimum of £2,075,000.

This property has increased in price by £393,000 since it last sold in 2020 - this equates to a 5.4% rise each year.

On a cost per square foot basis, this property is valued at 14% more than the other houses in this postcode.

Essential info

  • Leasehold flat
  • 1,507 square feet
  • 3% bigger than the average property in this postcode
  • 23% more expensive than the average here

This property is currently valued at £1,426 per square foot - the average cost per square foot for this postcode is £1249.

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 £2,473,000.

PropertyValuation
Flat 36, Overstrand Mansions, Prince Of Wales Drive, London, Wandsworth, Greater London, SW11 4EZ Flat 36, Overstrand Mansions
2 bed | 1055 sq. ft.
£1,257,000
Flat 40, Overstrand Mansions, Prince Of Wales Drive, London, Wandsworth, Greater London, SW11 4EZ Flat 40, Overstrand Mansions
3 bed | 1582 sq. ft.
£1,556,000
Flat 22, Overstrand Mansions
1378 sq.ft.
£2,005,000
Flat 32, Overstrand Mansions, Prince Of Wales Drive, London, Wandsworth, Greater London, SW11 4EZ Flat 32, Overstrand Mansions
3 bed | 1496 sq. ft.
£2,147,000
Flat 33, Overstrand Mansions, Prince Of Wales Drive, London, Wandsworth, Greater London, SW11 4EZ Flat 33, Overstrand Mansions
3 bed | 1281 sq. ft.
£2,257,000

Energy rating - how does this property compare?

  • Property energy rating: 69 (max. score 100).
    • This is above average for this postcode.

The property market across SW11 4

  • The average price paid for a flat in the area SW11 4 over the past year is £1.04M.
  • Flats have been selling for £992 per square foot across SW11 4.
  • 71 flats have sold over the last 12 months (in the area coverring SW11 4).
What does it cost to live in this area?

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.