Flat 906, 5 Belvedere Road, London, Lambeth, Greater London, SE1 7AF

Flat
-27%
PROPERTY VALUATION
£
Price change: -£1,284,000
Since last sold: December 2019
VALUATION RANGE
£3.3M - £3.54M
LOW OFFER | HIGH OFFER
Confidence: High
UPDATE CONDITION

Property summary Last updated: 05/03/2024

Last updated: 05/03/2024

Flat 906, 5 Belvedere Road is a flat - it is ranked as the 6th most expensive property* in SE1 7AF, with a valuation of £3,416,000.

Since it last sold in December 2019 for £4,700,000, its value has decreased by £1,284,000.

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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 £3.3M and £3.54M.

  • This property only has one recorded sale since 1995 so it doesn't have a historic investment return or rating yet.

  • 49 flats have sold at an average price of £827,108 over the last 12 months (in the area coverring SE1 7).

  • If this property is similar in size to the average property here - utilising the average cost per square foot, we would expect it to have a valuation of £1M.
  • This is based on it having an internal floor area of 665 square feet.
  • 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:
£651k
Average house price:
£1.99M
Most expensive:
£4.81M
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-27.3%
This property has fallen in price by -27.3% since it last sold 4 years ago
72%
This property is 72% more expensive than average in Belvedere Road, SE1 7AF

Sale history

The most paid for a property in Belvedere Road, SE1 7AF was £6,617,250 in 2019.

Date Price Change
Today's value* £3,416,000 27.3%
19 Dec 2019 £4,700,000 -
Flat 906, 5 Belvedere Road, London is a flat.
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Valuation details

The most likely sale price is £3,416,000 but at the lower end we think it should fetch a minimum of £3,296,000.

This property has decreased in price by £1,284,000 since it last sold in 2019 - this equates to a 7.2% fall 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.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £5,342,000.

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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SOLD PROPERTY PRICES - SE1 7AF

How does this property compare?

  • Most likely sale price: £3,416,000
    • Offers likely to be accepted between £3,296,000 and £3,536,000.
  • Leasehold flat

The local market - SE1 7AF

  • The average property price for this postcode is £1,990,000
    • Prices here range from £651,000 to £4,809,000.
  • 97 properties have sold in SE1 7AF over the last 5 years.
  • Belvedere Road has 13 postcodes associated with it.
    • The average price of property in Belvedere Road is £1,158,023
    • Property in Belvedere Road typically sells for between £1,278 and £1,730 per square foot.
    • Properties in Belvedere Road are currently valued at an average cost per square foot of £1,504.

The property market across SE1 7

  • The average price paid for a flat in the area SE1 7 over the past year is £827k.
  • Flats have been selling for £937 per square foot across SE1 7.
  • 49 flats have sold over the last 12 months (in the area coverring SE1 7).
What does it cost to live in this area?

Valuation accuracy

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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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.