Flat 54C, 53 - 56 Eaton Square, London, City Of Westminster, Greater London, SW1W 9BE

Flat
-19%
PROPERTY VALUATION
£
Price change: -£856,000
Since last sold: November 2019
VALUATION RANGE
£3.42M - £3.67M
LOW OFFER | HIGH OFFER
Confidence: High
UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 54C, 53 - 56 Eaton Square is a flat - it is ranked as the 10th most expensive property* in SW1W 9BE, with a valuation of £3,544,000.

Since it last sold in November 2019 for £4,400,000, its value has decreased by £856,000.

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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 £3.42M and £3.67M.

  • The property turned out to be a amazing investment for the previous owner - returning on average 18.1% per annum.

  • 16 flats have sold at an average price of £1,763,935 over the last 12 months (in the area coverring SW1W 9).

  • 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 £3.1M.
  • This is based on it having an internal floor area of 1,465 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:
£340k
Average house price:
£3.6M
Most expensive:
£7.29M
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-19.5%
This property has fallen in price by -19.5% since it last sold 4 years ago
1%
This property is 1% less expensive than average in Eaton Square, SW1W 9BE

Sale history

The most paid for a property in Eaton Square, SW1W 9BE was £7,750,000 in 2015.

Date Price Change
Today's value* £3,544,000 19.5%
05 Nov 2019 £4,400,000 25.7%
21 Jun 2018 £3,500,000 579.6%
Flat 54C, 53 - 56 Eaton Square, London is a flat.
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Valuation details

The most likely sale price is £3,544,000 but at the lower end we think it should fetch a minimum of £3,420,000.

This property has decreased in price by £856,000 since it last sold in 2019 - this equates to a 4.8% fall 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 £4,900,000.

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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SOLD PROPERTY PRICES - SW1W 9BE

Investment Performance
Annual change: 18.1%

Was It A Good Investment?

The previous owner had the property for 1 year and 4 months, having purchased it in June 2018 for £3,500,000.

During this time, the price rose by £900,000 (25.7%), which equates to it increasing in value by 18.1% each year.

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

The sale on 21 June 2018 was recorded as a non-residential transaction. This could be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.

How does this property compare?

  • Most likely sale price: £3,544,000
    • Offers likely to be accepted between £3,420,000 and £3,668,000.
  • Leasehold flat

The local market - SW1W 9BE

  • The average property price for this postcode is £3,595,000
    • Prices here range from £340,000 to £7,291,000.
    • Expect to pay £1,796 to £2,431 per square foot for property in SW1W 9BE.
  • 5 properties have sold in SW1W 9BE over the last 5 years.
  • Eaton Square has 18 postcodes associated with it.
    • The average price of property in Eaton Square is £4,536,808
    • Property in Eaton Square typically sells for between £1,814 and £2,454 per square foot.
    • Properties in Eaton Square are currently valued at an average cost per square foot of £2,134.

The property market across SW1W 9

  • The average price paid for a flat in the area SW1W 9 over the past year is £1.76M.
  • Flats have been selling for £1,118 per square foot across SW1W 9.
  • 16 flats have sold over the last 12 months (in the area coverring SW1W 9).
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.