Flat
1
474 sq ft
65%
PROPERTY VALUATION
£
Price change: +£148,500
Since last sold: August 2013
VALUATION RANGE
£355k - £397k
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition
At a sale price of £376k, we expect this property to be in poor condition.
UPDATE CONDITION
Property summary Last updated: 05/03/2024
Last updated: 05/03/2024
196 Highbury Quadrant, London is a 4th floor 1 bedroom flat spread over 474 square feet, making it one of the smaller properties here - it is ranked as the 15th most expensive property* in N5 2TZ, with a valuation of £376,000.
Since it last sold in August 2013 for £227,500, its value has increased by £148,500.
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Essential buying details
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If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £355k and £397k.
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The property turned out to be a really good investment for the previous owner - returning on average 8.0% per annum.
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62 flats have sold at an average price of £674,611 over the last 12 months (in the area coverring N5 2).
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Built between 1950 and 1966, the property has sold three times over the last 29 years.
How we evaluate a property's condition
- At a sale price of £376k, we expect this property to be in a similar condition to the neighbouring properties.
- Most properties in the local area tend to sell within quite a small price range when using the cost per square foot as the valuation method - this property is within the normal expected price range for this area and it is why we think it is in a reasonable condition.
- At a valuation of £376k it has a cost per square foot of £793, which is comparable with the average for properties for the area.The average cost per square foot for property here is £808.
Cost per square foot valuation
- If we valued this property using the average cost per square foot (CPSF) - it would be worth £383k. 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.
What does it cost to live here?
Prices start at:
£131k
Average house price:
£463k
Most expensive:
£635k
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65%
This property has increased in price by 65% since it last sold 10 years ago
19%
This property is 19% less expensive than average in Highbury Quadrant, N5 2TZ
10 MOST RECENT SALES - N5 2TZ
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ALL SOLD PRICES SALES GRAPH
196 Highbury Quadrant is moderately smaller than the average property in this postcode.
Sale history
The most paid for a property in Highbury Quadrant, N5 2TZ was £520,000 in 2016.
| Date | Price | Change |
|---|---|---|
| Today's value* | £376,000 | 65.3% |
| 23 Aug 2013 | £227,500 | 35.0% |
| 30 Sep 2009 | £168,500 | 63.6% |
| 20 Apr 2001 | £103,000 | - |
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196 Highbury Quadrant, London is a 1 bedroom flat with 474 square feet of internal space built between 1950 and 1966.
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Valuation details
The most likely sale price is £376,000 but at the lower end we think it should fetch a minimum of £355,000.
On a cost per square foot basis, this property is valued at 2% less than the other houses in this postcode.
This property has increased in price by £148,500 since it last sold in 2013 - this equates to a 4.8% 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 £492,000.
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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- Investment rating
- Property details
- Local market
- Regional prices
Investment Performance
Annual change: 8%
Was It A Good Investment?
The previous owner had the property for 3 years, having purchased it in September 2009 for £168,500.
During this time, the price rose by £59,000 (35%), which equates to it increasing in value by 8% each year.
The property turned out to be a really good investment for the previous owner.
How does this property compare?
- Most likely sale price: £376,000.
- Offers likely to be accepted between £355,000 and £397,000.
- Cost per squre foot: £793 (at a valuation of £376,000) - the average cost per square foot for this postcode is £808.
- 1 bedroom leasehold flat.
- 474 square feet.
- Property energy rating: 72.
- This is similar to the average for this postcode.
- A score of 100 is the best energy rating a property can be given.
The local market - N5 2TZ
- The average property price for this postcode is £463,000.
- Prices here range from £131,000 to £635,000.
- Expect to pay £686 to £929 per square foot for property in N5 2TZ.
- 4 properties have sold in N5 2TZ over the last 5 years.
- The latest sale in N5 2TZ went for £364k on 23 Aug 2022.
- Highbury Quadrant has 9 postcodes associated with it.
- The average price of property in Highbury Quadrant is £697,881.
- Property in Highbury Quadrant typically sells for between £648 and £876 per square foot.
- Properties in Highbury Quadrant are currently valued at an average cost per square foot of £762.
The property market across N5 2
- The average price paid for a flat in the area N5 2 over the past year is £675k.
- Flats have been selling for £911 per square foot across N5 2.
- 62 flats have sold over the last 12 months (in the area coverring N5 2).
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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