Flat 6, 29 Crescent Grove, London, Lambeth, Greater London, SW4 7AF

Flat
1033 sq ft
7.4%
PROPERTY VALUATION
£
Last sold: July 2023
VALUATION RANGE
£896k - £962k
LOW OFFER | HIGH OFFER
PRICE CHANGE
£64,000
Percentage change: +7.4%

This valuation does not take into account any home improvements or extensions made to the property.

At a sale price of £929k, we expect this property to be in poor condition (or is significantly less desirable for some other reason) based on its price per square foot.

Get an updated valuation by simply telling us about any renovations made.

Property summary Last updated: 02/04/2024

Last updated: 02/04/2024

Flat 6, 29 Crescent Grove is a second floor flat spread over 1,033 square feet, making it one of the smaller properties here - it is ranked as the 19th most expensive property* in SW4 7AF, with a valuation of £929,000.

Since it last sold in July 2023 for £865,000, its value has increased by £64,000.

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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 £896k and £962k.

  • Since this property last sold 9 months ago, it has increased in price by 7.4%.
  • The property didn't turn out to be a great investment for the previous owner - returning on average -1.4% per annum.

  • 47 flats have sold at an average price of £522,142 in SW4 7 over the last 12 months.

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Sale history

The most paid for a property in Crescent Grove, SW4 7AF was £4,050,000 in 2021.

Date Price Change
Today's value* £929,000 7.4%
21 Jul 2023 £865,000 4.9%
08 Nov 2019 £910,000 95.7%

The local market - SW4 7AF

  • The average property value here is £2,154,000.
    • Valuations range from £404,000 to £4,839,000.
    • Expect to pay £1,023 to £1,384 per square foot to live in SW4 7AF depending on the property's condition and size of its garden.
  • 7 properties have sold in SW4 7AF over the last 5 years.
  • Crescent Grove has 4 postcodes associated with it.
    • The average price of property in Crescent Grove is £1,861,854.
    • Property in Crescent Grove typically sells for between £1,057 and £1,431 per square foot.
    • Properties in Crescent Grove are currently valued at an average cost per square foot of £1,244.
7.4%
This property has increased in price by 7.4% since it last sold 9 months ago
57%
This property is 57% less expensive than average in Crescent Grove, SW4 7AF
  • At a sale price of £929k, we expect this property to be in a significantly worse condition than the neighbouring properties in the road.
  • 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 £929k this property has a cost per square foot of £899 - this is substantially less than the average for the area (which is currently £1,244).

  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £1.29M. 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:
£404k
Average house price:
£2.15M
Most expensive:
£4.84M
Flat 6, 29 Crescent Grove, London is a flat with 1,033 square feet of internal space.
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Valuation details

The most likely sale price is £929,000 but at the lower end we think it should fetch a minimum of £896,000.

On a cost per square foot basis, this property is valued at 25% 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 £1,068,000.

UPDATE VALUATION
Investment Performance
Annual change: -1.4%

The previous owner had the property for 3 years, having purchased it in November 2019 for £910,000. They then sold it in July 2023 for £865,000

During this time, the price fell by £45,000 (-4.9%), which equates to it falling in value by -1.4% each year.

The property didn't turn out to be a great investment for the previous owner.

PropertyValuation
Flat 2, 7, Crescent Grove
780 sq.ft.
£863,000
Flat 6, 29 Crescent Grove
1033 sq.ft.
£929,000
25A Crescent Grove, London
£1,161,000
15 Crescent Grove, London
2336 sq.ft.
£3,525,000
9 Crescent Grove, London
£4,072,000

How does this property compare?

  • Most likely sale price: £929,000.
    • Cost per squre foot: £899 (at a valuation of £929,000)
    • The average cost per square foot for this postcode is £1204.
  • Leasehold flat.
    • 1,033 square feet.
    • 43% bigger than the average property in this postcode.
    • 57% less expensive than the average here.
  • Property energy rating: 62 (max. score 100).
    • This is above average for this postcode.

The property market across SW4 7

  • The average price paid for a flat in the area SW4 7 over the past year is £522k.
  • Flats have been selling for £736 per square foot across SW4 7.
  • 47 flats have sold over the last 12 months (in the area coverring SW4 7).
What does it cost to live in this area?

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:

  • Good school catchment area
  • Good transport links
  • Bigger garden
  • Offstreet parking and garages
  • High quality architectural designs (a.k.a pretty houses!)
  • Good quality home improvements

We use multiple data sources to provide reliable property information to you.

Some of the data sources we use are:

  • HM Land Registry
  • Ordnance Survey
  • Department for Levelling Up, Housing & Communities
  • Royal Mail
  • Estate agents
  • Property listings

* 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.