Flat 31, Artillery Mansions, Victoria Street, London, City Of Westminster, Greater London, SW1H 0HZ

Flat
81%
PROPERTY VALUATION
£
Price change: +£1,023,000
Since last sold: October 2019
VALUATION RANGE
£2.21M - £2.37M
LOW OFFER | HIGH OFFER
Confidence: High
UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 31, Artillery Mansions is a flat - it is ranked as the 16th most expensive property* in SW1H 0HZ, with a valuation of £2,288,000.

Since it last sold in October 2019 for £1,265,000, its value has increased by £1,023,000.

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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 £2.21M and £2.37M.

  • The property didn't turn out to be a great investment for the previous owner - returning on average 3.1% per annum.

  • 9 flats have sold at an average price of £4,493,466 over the last 12 months (in the area coverring SW1H 0).

  • 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 £1.79M.
  • This is based on it having an internal floor area of 855 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:
£762k
Average house price:
£2.09M
Most expensive:
£5.18M
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81%
This property has increased in price by 81% since it last sold 4 years ago
10%
This property is 10% more expensive than average in Victoria Street, SW1H 0HZ

Sale history

The most paid for a property in Victoria Street, SW1H 0HZ was £1,525,000 in 2014.

Date Price Change
Today's value* £2,288,000 80.9%
21 Oct 2019 £1,265,000 33.2%
21 Apr 2010 £950,000 137.5%
Flat 31, Artillery Mansions, Victoria Street, London is a flat.
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Valuation details

The most likely sale price is £2,288,000 but at the lower end we think it should fetch a minimum of £2,208,000.

This property has increased in price by £1,023,000 since it last sold in 2019 - this equates to a 14.3% 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 £2,631,000.

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: 3.1%

Was It A Good Investment?

The previous owner had the property for 9 years, having purchased it in April 2010 for £950,000.

During this time, the price rose by £315,000 (33.2%), which equates to it increasing in value by 3.1% 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: £2,288,000.
    • Offers likely to be accepted between £2,208,000 and £2,368,000.
  • Leasehold flat.

The local market - SW1H 0HZ

  • The average property price for this postcode is £2,086,000.
    • Prices here range from £762,000 to £5,179,000.
    • Expect to pay £1,781 to £2,410 per square foot for property in SW1H 0HZ.
  • 7 properties have sold in SW1H 0HZ over the last 5 years.
  • Victoria Street has 6 postcodes associated with it.
    • The average price of property in Victoria Street is £2,234,570.
    • Property in Victoria Street typically sells for between £1,822 and £2,466 per square foot.
    • Properties in Victoria Street are currently valued at an average cost per square foot of £2,144.

The property market across SW1H 0

  • The average price paid for a flat in the area SW1H 0 over the past year is £4.49M.
  • Flats have been selling for £2,224 per square foot across SW1H 0.
  • 9 flats have sold over the last 12 months (in the area coverring SW1H 0).
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.