Flat 55, Albany Mansions, Albert Bridge Road, London, Wandsworth, Greater London, SW11 4PQ

Terraced
2
840 sq ft
212%
PROPERTY VALUATION
£
Price change: +£804,050
Since last sold: July 2001
VALUATION RANGE
£1.14M - £1.23M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £1.18M, 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 55, Albany Mansions is a 2 bedroom terraced house spread over 840 square feet, making it one of the smaller properties here - it is ranked as the 6th most expensive property* in SW11 4PQ, with a valuation of £1,184,000.

Since it last sold in July 2001 for £379,950, its value has increased by £804,050.

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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 £1.14M and £1.23M.

  • The property turned out to be a amazing investment for the previous owner - returning on average 18.5% per annum.

  • 9 terraced houses have sold at an average price of £2,168,211 over the last 12 months (in the area coverring SW11 4).

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

  • At a sale price of £1.18M, we expect this property to be in a substantially better condition than the neighbouring properties.
  • This property has a higher cost per square foot than other properties in the area, which is why we think it is more likely to be in good condition. This can be caused by it having recently been refurbished to a high standard although particularly pretty properties can also sell for a premium.
  • At a valuation of £1.18M it has a cost per square foot of £1,409, which is substantially more than the average for the area. The average cost per square foot for property here is £1,166.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £979k. 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:
£672k
Average house price:
£1.09M
Most expensive:
£1.88M
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212%
This property has increased in price by 212% since it last sold 22 years ago
9%
This property is 9% more expensive than average in Albert Bridge Road, SW11 4PQ

10 MOST RECENT SALES - SW11 4PQ

Flat 55, Albany Mansions, Albert Bridge Road is marginally smaller than the average property in this postcode.

Sale history

The most paid for a property in Albert Bridge Road, SW11 4PQ was £1,603,000 in 2021.

Date Price Change
Today's value* £1,184,000 211.6%
26 Jul 2001 £379,950 105.9%
25 Apr 1997 £184,500 -
Flat 55, Albany Mansions, Albert Bridge Road, London, Wandsworth, Greater London, SW11 4PQ
Flat 55, Albany Mansions, Albert Bridge Road, London, Wandsworth, Greater London, SW11 4PQ
Flat 55, Albany Mansions, Albert Bridge Road, London, Wandsworth, Greater London, SW11 4PQ
Flat 55, Albany Mansions, Albert Bridge Road, London, Wandsworth, Greater London, SW11 4PQ
Flat 55, Albany Mansions, Albert Bridge Road, London is a 2 bedroom terraced house with 840 square feet of internal space built between 1900 and 1929.
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Valuation details

The most likely sale price is £1,184,000 but at the lower end we think it should fetch a minimum of £1,143,000.

On a cost per square foot basis, this property is valued at 21% more than the other houses in this postcode.

This property has increased in price by £804,050 since it last sold in 2001 - this equates to a 5.1% 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 higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger 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 £1,362,000.

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: 18.5%

Was It A Good Investment?

The previous owner had the property for 4 years, having purchased it in April 1997 for £184,500.

During this time, the price rose by £195,450 (105.9%), which equates to it increasing in value by 18.5% each year.

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

How does this property compare?

  • Most likely sale price: £1,184,000.
    • Offers likely to be accepted between £1,143,000 and £1,225,000.
    • Cost per squre foot: £1,410 (at a valuation of £1,184,000) - the average cost per square foot for this postcode is £1166.
  • 2 bedroom leasehold terraced house.
    • 840 square feet.
  • Property energy rating: 71.
    • This is above average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW11 4PQ

  • The average property price for this postcode is £1,086,000.
    • Prices here range from £672,000 to £1,884,000.
    • Expect to pay £991 to £1,340 per square foot for property in SW11 4PQ.
  • 13 properties have sold in SW11 4PQ over the last 5 years.
  • Albert Bridge Road has 18 postcodes associated with it.
    • The average price of property in Albert Bridge Road is £1,617,625.
    • Property in Albert Bridge Road typically sells for between £1,040 and £1,408 per square foot.
    • Properties in Albert Bridge Road are currently valued at an average cost per square foot of £1,224.

The property market across SW11 4

  • The average price paid for a terraced house in the area SW11 4 over the past year is £2.17M.
  • Terraced houses have been selling for £1,069 per square foot across SW11 4.
  • 9 terraced houses have sold over the last 12 months (in the area coverring SW11 4).
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.