At a sale price of £1.77M, we expect this property to be in very good condition.
UPDATE CONDITIONFlat 74, Princes Court, 88 is a 9th floor flat spread over 667 square feet, making it one of the smaller properties here - it is ranked as the 20th most expensive property* in SW3 1ET, with a valuation of £1,770,000.
Since it last sold in May 2020 for £1,175,000, its value has increased by £595,000.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £1.71M and £1.83M.
The property didn't turn out to be a great investment for the previous owner - returning on average 1.1% per annum.
10 flats have sold at an average price of £1,644,595 over the last 12 months (in the area coverring SW3 1).
Built between 1991 and 1995, the property has sold 5 times over the last 29 years.
Flat 74, Princes Court, 88, Brompton Road is marginally smaller than the average property in this postcode.
The most paid for a property in Brompton Road, SW3 1ET was £1,800,000 in 2017.
Date | Price | Change |
---|---|---|
Today's value* | £1,770,000 | 50.6% |
18 May 2020 | £1,175,000 | 6.8% |
26 Mar 2014 | £1,100,000 | 205.6% |
11 Apr 2001 | £360,000 | 10.8% |
29 Sep 1997 | £325,000 | 75.7% |
24 Sep 1996 | £185,000 | - |
The most likely sale price is £1,770,000 but at the lower end we think it should fetch a minimum of £1,708,000.
On a cost per square foot basis, this property is valued the same as the other houses in this postcode.
This property has increased in price by £595,000 since it last sold in 2020 - this equates to a 11.2% 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 £3,780,000.
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).
Mortgage repayment calculatorThe previous owner had the property for 6 years, having purchased it in March 2014 for £1,100,000.
During this time, the price rose by £75,000 (6.8%), which equates to it increasing in value by 1.1% each year.
The property didn't turn out to be a great investment for the previous owner.
The sale on 18 May 2020 was recorded as a non-residential transaction. This can be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.
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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* Excluding properties that we've been unable to calculate a valuation for. ** Excludes property transactions that occurred before 1995.
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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.