Terraced
4
1710 sq ft
-3%
PROPERTY VALUATION
£
Price change: -£48,000
Since last sold: July 2017
VALUATION RANGE
£1.31M - £1.4M
LOW OFFER | HIGH OFFER
Confidence: High
Good
Condition
Reasonable
Condition
Poor
Condition
At a sale price of £1.35M, we expect this property to be in a reasonable condition.
UPDATE CONDITION
Property summary Last updated: 05/03/2024
Last updated: 05/03/2024
85 Bow Road, London is a 4 bedroom terraced house spread over 1,710 square feet, making it one of the largest properties here - it is ranked as the 7th most expensive property* in E3 2AN, with a valuation of £1,352,000.
Since it last sold in July 2017 for £1,400,000, its value has decreased by £48,000.
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 £1.31M and £1.4M.
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The property turned out to be a amazing investment for the previous owner - returning on average 13.6% per annum.
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15 terraced houses have sold at an average price of £789,966 over the last 12 months (in the area coverring E3 2).
How we evaluate a property's condition
- At a sale price of £1.35M, 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 £1.35M it has a cost per square foot of £790, which is comparable with the average for properties for the area.The average cost per square foot for property here is £805.
Cost per square foot valuation
- If we valued this property using the average cost per square foot (CPSF) - it would be worth £1.38M. 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:
£235k
Average house price:
£1.09M
Most expensive:
£10.16M
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-3.4%
This property has fallen in price by -3.4% since it last sold 6 years ago
24%
This property is 24% more expensive than average in Bow Road, E3 2AN
Sale history
The most paid for a property in Bow Road, E3 2AN was £10,198,407 in 2018.
| Date | Price | Change |
|---|---|---|
| Today's value* | £1,352,000 | 3.4% |
| 19 Jul 2017 | £1,400,000 | 86.7% |
| 24 Aug 2012 | £750,000 | - |
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85 Bow Road, London is a 4 bedroom terraced house with 1,710 square feet of internal space.
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Valuation details
The most likely sale price is £1,352,000 but at the lower end we think it should fetch a minimum of £1,305,000.
On a cost per square foot basis, this property is valued at 2% less than the other houses in this postcode.
This property has decreased in price by £48,000 since it last sold in 2017 - this equates to a 0.5% fall 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 £1,555,000.
Mortgage repayment calculator
SOLD PROPERTY PRICES - E3 2AN
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85 Bow Road is substantially bigger than the average property in this postcode.
Investment Performance
Annual change: 13.6%
Was It A Good Investment?
The previous owner had the property for 4 years, having purchased it in August 2012 for £750,000.
During this time, the price rose by £650,000 (86.7%), which equates to it increasing in value by 13.6% each year.
The property turned out to be a amazing investment for the previous owner.
- Property details
- Local market
- Regional prices
How does this property compare?
- Most likely sale price: £1,352,000
- Offers likely to be accepted between £1,305,000 and £1,399,000.
- Cost per squre foot: £790 (at a valuation of £1,352,000) - the average cost per square foot for this postcode is £805
- 4 bedroom freehold terraced house
- 1,710 square feet
- Property energy rating: 63
- 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 - E3 2AN
- The average property price for this postcode is £1,091,000
- Prices here range from £235,000 to £10,157,000.
- Expect to pay £684 to £925 per square foot for property in E3 2AN.
- 9 properties have sold in E3 2AN over the last 5 years.
- The latest sale in E3 2AN went for £1.35M on 05 Aug 2022.
- Bow Road has 20 postcodes associated with it.
- The average price of property in Bow Road is £623,765
- Property in Bow Road typically sells for between £605 and £819 per square foot.
- Properties in Bow Road are currently valued at an average cost per square foot of £712.
The property market across E3 2
- The average price paid for a terraced house in the area E3 2 over the past year is £790k.
- Terraced houses have been selling for £780 per square foot across E3 2.
- 15 terraced houses have sold over the last 12 months (in the area coverring E3 2).
What does it cost to live in this area?
Valuation accuracy
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