At a sale price of £625k, we expect this property to need a little bit of work.
UPDATE CONDITIONGround Floor Flat, 56A Cambridge Road is a ground floor 1 bedroom flat spread over 710 square feet, making it one of the smaller properties here - it is ranked as the 19th most expensive property* in SW11 4RR, with a valuation of £625,000.
Since it last sold in November 2020 for £610,000, its value has increased by £15,000.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £603k and £647k.
The property didn't turn out to be a great investment for the previous owner - returning on average 0.8% per annum.
68 flats have sold at an average price of £1,005,280 over the last 12 months (in the area coverring SW11 4).
Built between 1900 and 1929, the property has sold twice over the last 29 years.
Ground Floor Flat, 56A Cambridge Road is significantly smaller than the average property in this postcode.
The most paid for a property in Cambridge Road, SW11 4RR was £2,375,000 in 2016.
Date | Price | Change |
---|---|---|
Today's value* | £625,000 | 2.5% |
19 Nov 2020 | £610,000 | 4.3% |
01 May 2015 | £585,000 | - |
The most likely sale price is £625,000 but at the lower end we think it should fetch a minimum of £603,000.
On a cost per square foot basis, this property is valued at 3% less than the other houses in this postcode.
This property has increased in price by £15,000 since it last sold in 2020 - this equates to a 0.7% 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 £719,000.
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 5 years, having purchased it in May 2015 for £585,000.
During this time, the price rose by £25,000 (4.3%), which equates to it increasing in value by .8% each year.
The property didn't turn out to be a great investment for the previous owner.
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.