Property valuation
Flat 4, 3 Egerton Place, London, Kensington And Chelsea, Greater London, SW3 2EF
Leasehold
Flat
-7.6%
Today's price
£1,386,000
Last sold: March 2020 @ £1,500,000
Investment rating

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

Refine valuation
Last updated: 3 days ago

How much has this property changed in price since it was last sold?

Flat 4, 3 Egerton Place is a leasehold flat - it is ranked as the 27th most expensive property in SW3 2EF, with a valuation of £1,386,000.

Since it last sold in March 2020 for £1,500,000, its value has decreased by £114,000. You can refine the property valuation to take account of any home improvements by clicking here.

Sale history

Flat 4, 3 Egerton Place has 2 transactions recorded with HM Land Registry - its market value today is £1,386,000.

The current owner bought the property in March 2020 for £1,500,000 and has lived here for 1 years.

Date Price Change
Today's value £1,386,000 £114,000 7.6%
02 Mar 2020 £1,500,000 £1,332,000 792.9%
17 Mar 1999 £168,000 -

Since the current owner purchased the property, its value has decreased by £114,000 (7.6%).

This valuation doesn't take account of any home improvements - see below for a fully refurbished valuation.

Latest sale analysis

Investment rating:

The previous owner bought this property for £168,000 in March 1999 and sold it for £1,500,000 in March 2020.

They owned the property for 20 years before selling it.

During this time, the price rose by £1,332,000 (792.9%), which equates to it increasing in value by 11% each year.

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

Property price rank
Ranked 27th out of 39 on price in SW3 2EF

We've compared this property to all the other properties in SW3 2EF* and calculate that this property is the 27th most expensive property in this postcode.

Estimated price
£1.289M
Low
£1,386,000
Compared to average: -39%
£1.487M
High

This property is 39% less expensive than average in this postcode.

There have been 21 sales in this postcode over the last ten years - the most recent property sold for £2,200,000.

The price that this house will sell for will be partly determined by how quickly the owner wants to sell, as well as the buyer's desire for this particular property.

If the owner is keen to move quickly, they are more likely to sell at the lower end of this valuation (£1,289,000). This valuation range assumes that no home improvements have been carried out since the owner purchased the property.

Cost per square foot
£1,463
Against benchmark: -£272
The average cost per square foot (CPSF) in SW3 2EF is £1,735.
The CPSF for this property is based on it having 947 square feet of habitable space and a valuation of £1,386,000.
We'd expect most properties here to have a CPSF between £1,474 and £1,995.
Valuation review

Refurbishment

When a home is renovated, the price that a buyer is typically prepared to pay will increase.

Fully refurbished valuation

£1.483M
Low end expectation
£1.71M
Higher end potential
If Flat 4, 3 Egerton Place was previously purchased in a poor condition and then fully refurbished throughout, we would expect it to sit within a new price range starting at £1,483,000 and possibly fetching upto £1,710,000.
Most recent sales in this postcode
What are the other properties worth?
AddressValuation
Flat 4, 3 Egerton Place £1,386,000 (-8%)
Flat C, 2 Egerton Place £1,997,000 (-9%)
Flat E, 2 Egerton Place £2,008,000 (-9%)
Flat 5, 4 Egerton Place £2,410,000 (+73%)
Flat 3, 13 - 14 Egerton Place £4,450,000 (-7%)
Property price range - SW3 2EF
  • Lower end property: £436k
  • Average property: £2.279M
  • Higher end property: £9.17M
All sales in SW3 2EF

Flat 4, 3 Egerton Place valued at £1,386,000 is the 27th most expensive property in SW3 2EF. If this property sold today, we estimate that it would most likely sell for £1,386,000 and sit within a price band ranging between £1,289,000 and £1,487,000.

At a market value of £1,386,000 and having 947 square feet of internal floor space, this property today is valued at £1,463 per square foot. On this basis, this property is 16% less expensive than the average for SW3 2EF (which stands at £1,735 per square foot in today's market).

The most expensive property in SW3 2EF is valued at £9,170,000 in today's market whilst the cheapest is worth £436,000 - the average market value for properties here today is £2,278,513.

If the property was previously purchased in a bad state of repair, making home improvements throughout could increase its sale price to £1,710,000.

Please note, as this property has previously been sold on a lease, if the owner has renewed the lease, the value of the property could be significantly higher.

Recent sales in the surrounding roads

Scanning for recent sales near here

* Excluding properties that we've been unable to calculate a valuation for.

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 (including reliability, currency or suitability) of the data and information contained on this website and accepts no liability (including without limitation, liability in negligence) for any loss or damage or costs (including consequential damage) arising in connection with the data and information contained on this website. The estimate of current value ranges provided on the website are based on a proprietary automated valuation estimate provided by The Move Market. Any estimated values ranges are current at the date of the publication only. It is computer generated and is not a professional appraisal of the subject property and should not be relied upon in lieu of appropriate professional advice. The accuracy of the methodology used to develop the valuation, the existence of the subject property, the accuracy of the estimate and all rule sets provided are estimates based on available data and are not guaranteed or warranted. The Move Market excludes all liability for any loss or damage arising in connection with the estimated value provided in this report.