Terraced
3
842 sq ft
20%
PROPERTY VALUATION
£
Price change: +£71,000
Since last sold: March 2020
VALUATION RANGE
£399k - £437k
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition
At a sale price of £418k, we expect this property to be in a reasonable condition.
UPDATE CONDITION
Property summary Last updated: 05/03/2024
Last updated: 05/03/2024
221 Greenhaven Drive, Thamesmead is a 3 bedroom terraced house spread over 842 square feet, making it one of the bigger properties here - it is ranked as the 11th most expensive property* in SE28 8FX, with a valuation of £418,000.
Since it last sold in March 2020 for £347,000, its value has increased by £71,000.
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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 £399k and £437k.
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The property turned out to be a really good investment for the previous owner - returning on average 6.2% per annum.
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50 terraced houses have sold at an average price of £354,899 over the last 12 months (in the area coverring SE28 8).
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Built between 1996 and 2002, the property has sold three times over the last 29 years.
How we evaluate a property's condition
- At a sale price of £418k, we expect this property to be in slightly better condition than the neighbouring properties.
- This property has a higher cost per square foot than other properties in the area, 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 particularly pretty properties can also sell for a premium.
- At a valuation of £418k it has a cost per square foot of £496, which is slightly more than the average for the area.The average cost per square foot for property here is £459.
Cost per square foot valuation
- If we valued this property using the average cost per square foot (CPSF) - it would be worth £386k. 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:
£243k
Average house price:
£345k
Most expensive:
£531k
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20%
This property has increased in price by 20% since it last sold 4 years ago
21%
This property is 21% more expensive than average in Greenhaven Drive, SE28 8FX
Sale history
The most paid for a property in Greenhaven Drive, SE28 8FX was £440,000 in 2023.
| Date | Price | Change |
|---|---|---|
| Today's value* | £418,000 | 20.5% |
| 06 Mar 2020 | £347,000 | 64.5% |
| 22 Dec 2011 | £211,000 | 115.7% |
| 28 Apr 2000 | £97,802 | - |
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221 Greenhaven Drive, London is a 3 bedroom terraced house with 842 square feet of internal space built between 1996 and 2002.
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Valuation details
The most likely sale price is £418,000 but at the lower end we think it should fetch a minimum of £399,000.
On a cost per square foot basis, this property is valued at 8% more than the other houses in this postcode.
This property has increased in price by £71,000 since it last sold in 2020 - this equates to a 4.7% 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 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 £481,000.
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SOLD PROPERTY PRICES - SE28 8FX
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221 Greenhaven Drive is moderately bigger than the average property in this postcode.
Investment Performance
Annual change: 6.2%
Was It A Good Investment?
The previous owner had the property for 8 years, having purchased it in December 2011 for £211,000.
During this time, the price rose by £136,000 (64.5%), which equates to it increasing in value by 6.2% each year.
The property turned out to be a really good investment for the previous owner.
- Property details
- Local market
- Regional prices
How does this property compare?
- Most likely sale price: £418,000
- Offers likely to be accepted between £399,000 and £437,000.
- Cost per squre foot: £496 (at a valuation of £418,000) - the average cost per square foot for this postcode is £459
- 3 bedroom freehold terraced house
- 842 square feet
- Property energy rating: 67
- This is below average for this postcode.
- A score of 100 is the best energy rating a property can be given.
The local market - SE28 8FX
- The average property price for this postcode is £345,000
- Prices here range from £243,000 to £531,000.
- Expect to pay £390 to £527 per square foot for property in SE28 8FX.
- 12 properties have sold in SE28 8FX over the last 5 years.
- The latest sale in SE28 8FX went for £440k on 30 Oct 2023.
- Greenhaven Drive has 6 postcodes associated with it.
- The average price of property in Greenhaven Drive is £350,907
- Property in Greenhaven Drive typically sells for between £390 and £528 per square foot.
- Properties in Greenhaven Drive are currently valued at an average cost per square foot of £459.
The property market across SE28 8
- The average price paid for a terraced house in the area SE28 8 over the past year is £355k.
- Terraced houses have been selling for £472 per square foot across SE28 8.
- 50 terraced houses have sold over the last 12 months (in the area coverring SE28 8).
What does it cost to live in this area?
Valuation accuracy
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