Flat 64, Artillery Mansions, Victoria Street, London, City Of Westminster, Greater London, SW1H 0HY

Flat
1
786 sq ft
64%
PROPERTY VALUATION
£
Price change: +£495,000
Since last sold: June 2019
VALUATION RANGE
£1.22M - £1.31M
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition

At a sale price of £1.27M, we expect this property to be in poor condition.

UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 64, Artillery Mansions is a 3rd floor 1 bedroom flat spread over 786 square feet, making it one of the smaller properties here - it is ranked as the 41st most expensive property* in SW1H 0HY, with a valuation of £1,265,000.

Since it last sold in June 2019 for £770,000, its value has increased by £495,000.

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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 £1.22M and £1.31M.

  • The property turned out to be a reasonably good investment for the previous owner - returning on average 4.6% per annum.

  • 9 flats have sold at an average price of £4,493,466 over the last 12 months (in the area coverring SW1H 0).

  • Built between 1983 and 1990, the property has sold three times over the last 29 years.

  • At a sale price of £1.27M, we expect this property to be in a significantly worse condition than the neighbouring properties.
  • This property has a lower cost per square foot than other properties in the area, which is why we think it is more likely to be in worse condition. This can be caused by a lack of general upkeep but it can also arise if the property has had a low quality extension. Typically houses with conservatory's often have a lower cost per square foot as whilst these make the property bigger, they tend to be cheaper to build and less usable.
  • At a valuation of £1.27M it has a cost per square foot of £1,609, which is substantially less than the average for the area. The average cost per square foot for property here is £2,115.
  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £1.66M. 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:
£685k
Average house price:
£2.12M
Most expensive:
£8.37M
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64%
This property has increased in price by 64% since it last sold 4 years ago
40%
This property is 40% less expensive than average in Victoria Street, SW1H 0HY

10 MOST RECENT SALES - SW1H 0HY

Flat 64, Artillery Mansions, Victoria Street is moderately smaller than the average property in this postcode.

Sale history

The most paid for a property in Victoria Street, SW1H 0HY was £4,200,000 in 2018.

Date Price Change
Today's value* £1,265,000 64.3%
14 Jun 2019 £770,000 73.0%
28 Feb 2007 £445,000 87.0%
Flat 64, Artillery Mansions, Victoria Street, London, City Of Westminster, Greater London, SW1H 0HY
Flat 64, Artillery Mansions, Victoria Street, London, City Of Westminster, Greater London, SW1H 0HY
Flat 64, Artillery Mansions, Victoria Street, London, City Of Westminster, Greater London, SW1H 0HY
Flat 64, Artillery Mansions, Victoria Street, London, City Of Westminster, Greater London, SW1H 0HY
Flat 64, Artillery Mansions, Victoria Street, London, City Of Westminster, Greater London, SW1H 0HY
Flat 64, Artillery Mansions, Victoria Street, London, City Of Westminster, Greater London, SW1H 0HY
Flat 64, Artillery Mansions, Victoria Street, London, City Of Westminster, Greater London, SW1H 0HY
Flat 64, Artillery Mansions, Victoria Street, London, City Of Westminster, Greater London, SW1H 0HY
Flat 64, Artillery Mansions, Victoria Street, London is a 1 bedroom flat with 786 square feet of internal space built between 1983 and 1990.
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Valuation details

The most likely sale price is £1,265,000 but at the lower end we think it should fetch a minimum of £1,221,000.

On a cost per square foot basis, this property is valued at 24% less than the other houses in this postcode.

This property has increased in price by £495,000 since it last sold in 2019 - this equates to a 10.9% 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 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 £1,455,000.

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: 4.6%

Was It A Good Investment?

The previous owner had the property for 12 years, having purchased it in February 2007 for £445,000.

During this time, the price rose by £325,000 (73%), which equates to it increasing in value by 4.6% each year.

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

How does this property compare?

  • Most likely sale price: £1,265,000.
    • Offers likely to be accepted between £1,221,000 and £1,309,000.
    • Cost per squre foot: £1,609 (at a valuation of £1,265,000) - the average cost per square foot for this postcode is £2115.
  • 1 bedroom leasehold flat.
    • 786 square feet.
  • Property energy rating: 80.
    • This is above average for this postcode.
    • A score of 100 is the best energy rating a property can be given.

The local market - SW1H 0HY

  • The average property price for this postcode is £2,123,000.
    • Prices here range from £685,000 to £8,368,000.
    • Expect to pay £1,797 to £2,432 per square foot for property in SW1H 0HY.
  • 12 properties have sold in SW1H 0HY over the last 5 years.
  • Victoria Street has 6 postcodes associated with it.
    • The average price of property in Victoria Street is £2,234,570.
    • Property in Victoria Street typically sells for between £1,822 and £2,466 per square foot.
    • Properties in Victoria Street are currently valued at an average cost per square foot of £2,144.

The property market across SW1H 0

  • The average price paid for a flat in the area SW1H 0 over the past year is £4.49M.
  • Flats have been selling for £2,224 per square foot across SW1H 0.
  • 9 flats have sold over the last 12 months (in the area coverring SW1H 0).
What does it cost to live in this area?

Valuation accuracy

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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.