This valuation does not take into account any home improvements or extensions made to the property.
Get an updated valuation by simply telling us about any renovations made.
The Penthouse, 22 Buckingham Gate is a flat - it is ranked as the 2nd most expensive property* in SW1E 6LB, with a valuation of £5,972,000.
Since it last sold in May 2023 for £3,200,000, its value has increased by £2,772,000.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £5.76M and £6.18M.
The property didn't turn out to be a great investment for the previous owner - returning on average -4.5% per annum.
8 flats have sold at an average price of £1,437,206 in SW1E 6 over the last 12 months.
The most paid for a property in Buckingham Gate, SW1E 6LB was £6,600,000 in 2015.
| Date | Price | Change |
|---|---|---|
| Today's value* | £5,972,000 | 86.6% |
| 05 May 2023 | £3,200,000 | 20.5% |
| 31 May 2018 | £4,025,000 | - |
The most likely sale price is £5,972,000 but at the lower end we think it should fetch a minimum of £5,763,000.
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £11,909,000.
UPDATE VALUATIONThe previous owner had the property for 4 years, having purchased it in May 2018 for £4,025,000. They then sold it in May 2023 for £3,200,000
During this time, the price fell by £825,000 (-20.5%), which equates to it falling in value by -4.5% each year.
The property didn't turn out to be a great investment for the previous owner.
| Property | Valuation | ||
|---|---|---|---|
|
24 Buckingham Gate, London
|
£792,000 | ||
|
Apartment 1, 24 Buckingham Gate
1173 sq.ft. |
£2,312,000 | ||
|
Apartment 4, 24 Buckingham Gate
980 sq.ft. |
£2,736,000 | ||
|
Apartment 2, 24 Buckingham Gate
1647 sq.ft. |
£2,903,000 | ||
|
The Penthouse, 22 Buckingham Gate
|
£5,972,000 |
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:
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
* 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.
