Flat 8, Belvedere House, 130, Grosvenor Road, London, City Of Westminster, Greater London, SW1V 3JY

Flat
1087 sq ft
5.4%
PROPERTY VALUATION
£
Last sold: November 2018
VALUATION RANGE
£1.31M - £1.4M
LOW OFFER | HIGH OFFER
PRICE CHANGE
£70,000
Percentage change: +5.4%

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

Property summary Last updated: 02/04/2024

Last updated: 02/04/2024

Flat 8, Belvedere House, 130 is a first floor flat spread over 1,087 square feet, making it one of the smaller properties here - it is ranked as the 41st most expensive property* in SW1V 3JY, with a valuation of £1,355,000.

Since it last sold in November 2018 for £1,285,000, its value has increased by £70,000.

At a sale price of £1.36M, we expect this property to be in very good condition (or is significantly more desirable for some other reason) based on its price per square foot.

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

Advertisement

Essential buying details

  • Built between 1996 and 2002, the property has sold three times over the last 29 years.

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £1.31M and £1.4M.

  • This property has increased in price by £70,000 since it last sold in 2018 - this equates to a 1% rise each year.

  • The property turned out to be a good investment for the previous owner - returning on average 5.1% per annum.

  • 31 flats have sold at an average price of £587,129 in SW1V 3 over the last 12 months.

Advertisement

Sale history

The most paid for a property in Grosvenor Road, SW1V 3JY was £3,770,000 in 2007.

Date Price Change
Today's value* £1,355,000 5.4%
12 Nov 2018 £1,285,000 133.6%
31 Aug 2001 £550,000 28.5%

Recent sales

10 MOST RECENT SALES IN SW1V 3JY

Flat 8, Belvedere House, 130, Grosvenor Road is moderately smaller than the average property in this postcode.

The local market - Grosvenor Road, SW1V 3JY

  • The average property value here is £1,510,000.
    • Valuations range from £59,000 to £5,593,000.
  • 9 properties have sold in SW1V 3JY over the last 5 years.
  • Grosvenor Road has 11 postcodes associated with it.
    • The average price of property in Grosvenor Road is £1,351,034.
    • Property in Grosvenor Road typically sells for between £906 and £1,226 per square foot.
    • Properties in Grosvenor Road are currently valued at an average cost per square foot of £1,066.
5.4%
This property has increased in price by 5.4% since it last sold 5 years ago
10%
This property is 10% less expensive than average in Grosvenor Road, SW1V 3JY
  • At a sale price of £1.36M, we expect this property to be in a substantially better condition than the neighbouring properties in the road.
  • This property has a higher cost per square foot than other properties in the road, 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 it could also be because the property has more appealing architecture, a bigger garden, more parking spaces or a garage etc.

  • At a valuation of £1.36M this property has a cost per square foot of £1,246 - this is substantially more than the average for the area (which is currently £1,066).

  • If we valued this property using the average cost per square foot (CPSF) - it would be worth £1.16M. 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.
  • Expect to pay £1,008 to £1,365 per square foot to live in SW1V 3JY depending on the property's condition and size of its garden.
  • 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:
£59k
Average house price:
£1.51M
Most expensive:
£5.59M
Flat 8, Belvedere House, 130, Grosvenor Road, London is a flat with 1,087 square feet of internal space built between 1996 and 2002.
Advertisement

Valuation details

The most likely sale price is £1,355,000 but at the lower end we think it should fetch a minimum of £1,308,000.

On a cost per square foot basis, this property is valued at 5% more than the other houses in this postcode.

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 £1,558,000.

UPDATE VALUATION
Investment Performance
Annual change: 5.1%

The previous owner had the property for 17 years, having purchased it in August 2001 for £550,000.

During this time, the price rose by £735,000 (133.6%), which equates to it increasing in value by 5.1% each year.

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

PropertyValuation
Flat 15, Millennium House, 132
872 sq.ft.
£858,000
Flat 3, Millennium House, 132
893 sq.ft.
£1,039,000
Flat 8, Millennium House, 132
926 sq.ft.
£1,247,000
Flat 23, 138 Grosvenor Road
£1,487,000
Flat 22, 138 Grosvenor Road
£1,905,000

How does this property compare?

  • Most likely sale price: £1,355,000.
    • Cost per squre foot: £1,246 (at a valuation of £1,355,000)
    • The average cost per square foot for this postcode is £1187.
  • Leasehold flat.
    • 1,087 square feet.
    • 15% bigger than the average property in this postcode.
    • 10% less expensive than the average here.
  • Property energy rating: 70 (max. score 100).
    • This is below average for this postcode.

The property market across SW1V 3

  • The average price paid for a flat in the area SW1V 3 over the past year is £587k.
  • Flats have been selling for £859 per square foot across SW1V 3.
  • 31 flats have sold over the last 12 months (in the area coverring SW1V 3).
What does it cost to live in this area?
Recent sales in the surrounding roads
Searching for recent sales near here

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.