At a sale price of £1.2M, we expect this property to be in poor condition based on its price per square foot.
Flat 5, 26 Hans Road is a 3rd floor flat spread over 574 square feet, making it one of the smaller properties here - it is ranked as the 15th most expensive property* in SW3 1RW, with a valuation of £1,202,000.
Since it last sold in April 2016 for £193,704, its value has increased by £1,008,296.
If home improvements have been made, ensure you update the valuation.
UPDATE VALUATIONIf no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £1.16M and £1.24M.
The property didn't turn out to be a great investment for the previous owner - returning on average 1.7% per annum.
12 flats have sold at an average price of £1,513,829 in SW3 1 over the last 12 months.
The most paid for a property in Hans Road, SW3 1RW was £21,500,000 in 2019.
| Date | Price | Change |
|---|---|---|
| Today's value* | £1,202,000 | 520.5% |
| 04 Apr 2016 | £193,704 | 40.9% |
| 03 Apr 1996 | £137,500 | - |
Flat 5, 26 Hans Road is significantly smaller than the average property in this postcode.
This property has a lower cost per square foot than other properties in the road, which is why we think it is more likely to be in worse condition.
However, a lower CPSF can also be caused by a low quality extension (or conservatory), a smaller garden, a lack of parking or if the property was previously sold through a partial ownership scheme etc.
At a valuation of £1.2M this property has a cost per square foot of £2,094 - this is substantially less than the average for the area (which is currently £2,790).
The most likely sale price is £1,202,000 but at the lower end we think it should fetch a minimum of £1,160,000.
On a cost per square foot basis, this property is valued at 20% less than the other houses in this postcode.
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 £2,496,000.
UPDATE VALUATION| Property | Valuation | ||
|---|---|---|---|
|
28 Hans Road, London
|
£143,000 | ||
|
Flat 3, 26 Hans Road
732 sq.ft. |
£1,078,000 | ||
|
Flat 2, 26 Hans Road
936 sq.ft. |
£2,277,000 | ||
|
Flat 1, 30 Hans Road
1238 sq.ft. |
£2,430,000 | ||
|
Flat 9, 30 Hans Road
893 sq.ft. |
£2,527,000 |
The previous owner had the property for 20 years, having purchased it in April 1996 for £137,500.
During this time, the price rose by £56,204 (40.9%), which equates to it increasing in value by 1.7% each year.
The property didn't turn out to be a great investment for the previous owner.
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:
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
* 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.
