Property valuation
Flat 72, Howard Building, 368, Queenstown Road, London, Wandsworth, Greater London, SW11 8NN
Leasehold
Flat
-18.7%
Today's price
£1,382,000
Last sold: March 2020 @ £1,700,000
Investment rating

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

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Last updated: 21 days ago

How much has this property changed in price since it was last sold?

Flat 72, Howard Building, 368 is a leasehold flat - it is ranked as the 3rd most expensive property in SW11 8NN, with a valuation of £1,382,000.

Since it last sold in March 2020 for £1,700,000, its value has decreased by £318,000. You can refine the property valuation to take account of any home improvements by clicking here.

Sale history

Flat 72, Howard Building, 368 has 2 transactions recorded with HM Land Registry - its market value today is £1,382,000.

The current owner bought the property in March 2020 for £1,700,000 and has lived here for 1 years.

Date Price Change
Today's value* £1,382,000 £318,000 18.7%
30 Mar 2020 £1,700,000 £50,000 3.0%
04 May 2018 £1,650,000 -

Since the current owner purchased the property, its value has decreased by £318,000 (18.7%).

* This valuation doesn't take account of any home improvements - see below for a fully refurbished valuation.

Latest sale analysis

Investment rating:

This property last sold for £1,700,000 in March 2020.

The previous owner had the property for 1 year and 11 months, having purchased it in May 2018 for £1,650,000.

During this time, the price rose by £50,000 (3%), which equates to it increasing in value by 1.6% each year.

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

The price data relating to the 04 May 2018 for £1,650,000 was recorded as a non-residential transaction. This could be because a commercial mortgage was used, the property was repossessed, the owner bought out the freehold or extended a leasehold etc.

Return on investment
1.6%
2018-2020
Property price rank
Ranked 3rd out of 13 on price in SW11 8NN

We've compared this property to all the other properties in SW11 8NN* and calculate that this property is the 3rd most expensive property in this postcode.

Estimated price
£1.186M
Low
£1,382,000
Compared to average: +63%
£1.512M
High

This property is 63% more expensive than average in this postcode.

There have been 14 sales in this postcode over the last ten years - the most recent property sold for £390,000.

The price that this house will sell for will be partly determined by how quickly the owner wants to sell, as well as the buyer's desire for this particular property.

If the owner is keen to move quickly, they are more likely to sell at the lower end of this valuation (£1,186,000). This valuation range assumes that no home improvements have been carried out since the owner purchased the property.

Cost per square foot
£1,442
Against benchmark: +£412
The average cost per square foot (CPSF) in SW11 8NN is £1,030.
The CPSF for this property is based on it having 958 square feet of habitable space and a valuation of £1,382,000.
We'd expect most properties here to have a CPSF between £875 and £1,184.
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Refurbishment

When a home is renovated, the price that a buyer is typically prepared to pay will increase.

Some home improvements will increase the value of the property by more than the amount spent on the renovation - see our custom valuation tool to find out what value you could add to your home.

Fully refurbished valuation

£1.364M
Low end expectation
£1.739M
Higher end potential
If Flat 72, Howard Building, 368 was previously purchased in a poor condition and then fully refurbished throughout, we would expect it to sit within a new price range starting at £1,364,000 and possibly fetching upto £1,739,000.
Most recent sales in this postcode
What are the other properties worth?
AddressValuation
Flat 22, Howard Building, 368 £372,000 (-5% since last sold)
Flat 42, Howard Building, 368 £545,000 (-13% since last sold)
Flat 46, Howard Building, 368 £728,000 (-15% since last sold)
Flat 51, Howard Building, 368 £764,000 (-9% since last sold)
Flat 72, Howard Building, 368 £1,382,000 (-19% since last sold)
Property price range - SW11 8NN
  • Lower end property: £371k
  • Average property: £849k
  • Higher end property: £1.642M

Valuation details

Flat 72, Howard Building, 368 valued at £1,382,000 is the 3rd most expensive property in SW11 8NN. If this property sold today, we estimate that it would most likely sell for £1,382,000 and sit within a price band ranging between £1,186,000 and £1,512,000.

At a market value of £1,382,000 and having 958 square feet of internal floor space, this property today is valued at £1,442 per square foot. On this basis, this property is 40% more expensive than the average for SW11 8NN (which stands at £1,030 per square foot in today's market).

The most expensive property in SW11 8NN is valued at £1,642,000 in today's market whilst the cheapest is worth £371,000 - the average market value for properties here today is £848,583.

If the property was previously purchased in a bad state of repair, making home improvements throughout could increase its sale price to £1,739,000.

Please note, as this property has previously been sold on a lease, if the owner has renewed the lease, the value of the property could be significantly higher.

Ensure you're properly informed on local market conditions - compare this property against recent sales as well as other vital data points.

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Recent sales in the surrounding roads

Scanning for recent sales near here

* Excluding properties that we've been unable to calculate a valuation for.

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 (including reliability, currency or suitability) of the data and information contained on this website and accepts no liability (including without limitation, liability in negligence) for any loss or damage or costs (including consequential damage) arising in connection with the data and information contained on this website. The estimate of current value ranges provided on the website are based on a proprietary automated valuation estimate provided by The Move Market. Any estimated values ranges are current at the date of the publication only. It is computer generated and is not a professional appraisal of the subject property and should not be relied upon in lieu of appropriate professional advice. The accuracy of the methodology used to develop the valuation, the existence of the subject property, the accuracy of the estimate and all rule sets provided are estimates based on available data and are not guaranteed or warranted. The Move Market excludes all liability for any loss or damage arising in connection with the estimated value provided in this report.

Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.