Terraced
4
1744 sq ft
4%
PROPERTY VALUATION
£
Price change: +£74,000
Since last sold: November 2018
VALUATION RANGE
£1.88M - £2.02M
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition
At a sale price of £1.95M, we expect this property to be in a reasonable condition.
UPDATE CONDITION
Property summary Last updated: 05/03/2024
Last updated: 05/03/2024
5 Canonbury Grove, London is a 4 bedroom terraced house spread over 1,744 square feet, making it one of the bigger properties here - it is ranked as the 6th most expensive property* in N1 2HP, with a valuation of £1,949,000.
Since it last sold in November 2018 for £1,875,000, its value has increased by £74,000.
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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 £1.88M and £2.02M.
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This property only has one recorded sale since 1995 so it doesn't have a historic investment return or rating yet.
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15 terraced houses have sold at an average price of £1,575,483 over the last 12 months (in the area coverring N1 2).
How we evaluate a property's condition
- At a sale price of £1.95M, we expect this property to be in slightly worse condition than the neighbouring properties.
- This property has a lower cost per square foot than other properties in the area, which is why we think it is more likely to be in worse condition. This can be caused by a lack of general upkeep but it can also arise if the property has had a low quality extension. Typically houses with conservatory's often have a lower cost per square foot as whilst these make the property bigger, they tend to be cheaper to build and less usable.
- At a valuation of £1.95M it has a cost per square foot of £1,117, which is slightly less than the average for the area.The average cost per square foot for property here is £1,212.
Cost per square foot valuation
- If we valued this property using the average cost per square foot (CPSF) - it would be worth £2.11M. 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:
£1.76M
Average house price:
£2.11M
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3.9%
This property has increased in price by 3.9% since it last sold 5 years ago
8%
This property is 8% less expensive than average in Canonbury Grove, N1 2HP
Sale history
The most paid for a property in Canonbury Grove, N1 2HP was £1,875,000 in 2018.
| Date | Price | Change |
|---|---|---|
| Today's value* | £1,949,000 | 3.9% |
| 30 Nov 2018 | £1,875,000 | - |
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5 Canonbury Grove, London is a 4 bedroom terraced house with 1,744 square feet of internal space.
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Valuation details
The most likely sale price is £1,949,000 but at the lower end we think it should fetch a minimum of £1,881,000.
On a cost per square foot basis, this property is valued at 8% less than the other houses in this postcode.
This property has increased in price by £74,000 since it last sold in 2018 - 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 £2,241,000.
Mortgage repayment calculator
SOLD PROPERTY PRICES - N1 2HP
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5 Canonbury Grove is marginally bigger than the average property in this postcode.
- Property details
- Local market
- Regional prices
How does this property compare?
- Most likely sale price: £1,949,000
- Offers likely to be accepted between £1,881,000 and £2,017,000.
- Cost per squre foot: £1,117 (at a valuation of £1,949,000) - the average cost per square foot for this postcode is £1212
- 4 bedroom freehold terraced house
- 1,744 square feet
- Property energy rating: 59
- This is above average for this postcode.
- A score of 100 is the best energy rating a property can be given.
The local market - N1 2HP
- The average property price for this postcode is £2,114,000
- Prices here range from £1,758,000 to £2,445,000.
- Expect to pay £1,030 to £1,393 per square foot for property in N1 2HP.
- Only one property has sold in N1 2HP over the last 5 years.
- The latest sale in N1 2HP went for £1.81M on 03 May 2019.
- Canonbury Grove has 2 postcodes associated with it.
- The average price of property in Canonbury Grove is £1,949,125
- Property in Canonbury Grove typically sells for between £1,077 and £1,457 per square foot.
- Properties in Canonbury Grove are currently valued at an average cost per square foot of £1,267.
The property market across N1 2
- The average price paid for a terraced house in the area N1 2 over the past year is £1.58M.
- Terraced houses have been selling for £1,097 per square foot across N1 2.
- 15 terraced houses have sold over the last 12 months (in the area coverring N1 2).
What does it cost to live in this area?
Valuation accuracy
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