Flat 36, Buckingham Court, 78, Buckingham Gate, London, City Of Westminster, Greater London, SW1E 6PE

Flat
646 sq ft
125%
PROPERTY VALUATION
£
Price change: +£632,900
Since last sold: July 2013
VALUATION RANGE
£1.1M - £1.18M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £1.14M, we expect this property to be in very good condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 36, Buckingham Court, 78 is a 3rd floor flat spread over 646 square feet, making it one of the bigger properties here - it is ranked as the 11th most expensive property* in SW1E 6PE, with a valuation of £1,140,000.

Since it last sold in July 2013 for £507,100, its value has increased by £632,900.

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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 £1.1M and £1.18M.

  • The property turned out to be a superb investment for the previous owner - returning on average 8.9% per annum.

  • 8 flats have sold at an average price of £1,215,331 over the last 12 months (in the area coverring SW1E 6).

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

  • At a sale price of £1.14M, we expect this property to be in a significantly worse condition than the neighbouring properties.
  • This property has a lower cost per square foot than other properties in the area, which is why we think it is more likely to be in worse condition. This can be caused by a lack of general upkeep but it can also arise if the property has had a low quality extension. Typically houses with conservatory's often have a lower cost per square foot as whilst these make the property bigger, they tend to be cheaper to build and less usable.
  • At a valuation of £1.14M it has a cost per square foot of £1,764, which is substantially less than the average for the area. The average cost per square foot for property here is £3,643.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £2.35M. 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:
£160k
Average house price:
£2.61M
Most expensive:
£25.12M
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125%
This property has increased in price by 125% since it last sold 10 years ago
56%
This property is 56% less expensive than average in Buckingham Gate, SW1E 6PE

10 MOST RECENT SALES - SW1E 6PE

Flat 36, Buckingham Court, 78, Buckingham Gate is a fraction bigger than the average property in this postcode.

Sale history

The most paid for a property in Buckingham Gate, SW1E 6PE was £15,000,000 in 2015.

Date Price Change
Today's value* £1,140,000 124.8%
05 Jul 2013 £507,100 87.8%
14 Feb 2006 £270,000 23.0%
Flat 36, Buckingham Court, 78, Buckingham Gate, London is a flat with 646 square feet of internal space built between 1900 and 1929.
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Valuation details

The most likely sale price is £1,140,000 but at the lower end we think it should fetch a minimum of £1,100,000.

On a cost per square foot basis, this property is valued at 52% less than the other houses in this postcode.

This property has increased in price by £632,900 since it last sold in 2013 - this equates to a 7.8% 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.

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 £1,534,000.

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: 8.9%

Was It A Good Investment?

The previous owner had the property for 7 years, having purchased it in February 2006 for £270,000.

During this time, the price rose by £237,100 (87.8%), which equates to it increasing in value by 8.9% each year.

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

How does this property compare?

  • Most likely sale price: £1,140,000.
    • Offers likely to be accepted between £1,100,000 and £1,180,000.
    • Cost per squre foot: £1,765 (at a valuation of £1,140,000) - the average cost per square foot for this postcode is £3643.
  • Leasehold flat.
    • 646 square feet.
  • Property energy rating: 72.
    • This is above average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW1E 6PE

  • The average property price for this postcode is £2,605,000.
    • Prices here range from £160,000 to £25,123,000.
    • Expect to pay £3,096 to £4,189 per square foot for property in SW1E 6PE.
  • Only one property has sold in SW1E 6PE over the last 5 years.
  • Buckingham Gate has 10 postcodes associated with it.
    • The average price of property in Buckingham Gate is £2,480,761.
    • Property in Buckingham Gate typically sells for between £2,077 and £2,809 per square foot.
    • Properties in Buckingham Gate are currently valued at an average cost per square foot of £2,443.

The property market across SW1E 6

  • The average price paid for a flat in the area SW1E 6 over the past year is £1.22M.
  • Flats have been selling for £1,286 per square foot across SW1E 6.
  • 8 flats have sold over the last 12 months (in the area coverring SW1E 6).
What does it cost to live in this area?

Valuation accuracy

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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.