244 Lewisham Road, London is a 3 bedroom terraced house spread over 904 square feet, making it one of the bigger properties here - it is ranked as the most expensive property* in SE13 7LB, with a valuation of £392,000.
Since it last sold in February 2022 for £362,000, its value has increased by £30,000.
We expect this property to be in poor condition (or is significantly less desirable for some other reason) based on its price per square foot; it is currently valued at £433 per square foot.
At a sale price of £392k, we expect this property to be in a significantly worse condition than the neighbouring properties in the road.
As it has a lower cost per square foot than other properties in the road, we think it is more likely to be in a worse condition than the other properties here.
However, a lower CPSF can also be caused by a low quality extension (or conservatory), a smaller garden, a lack of parking or if the property was previously sold through a partial ownership scheme etc.
The Property Is In Good ConditionAt a valuation of £392k this property has a cost per square foot of £433 - this is substantially less than the average for the area (which is currently £573).
If we valued this property using the average cost per square foot (CPSF):
The most paid for a property in Lewisham Road, SE13 7LB was £362,000 in 2022.
| Date | Price | Change |
|---|---|---|
| Today's value* | £392,000 | 8.3% |
| 25 Feb 2022 | £362,000 | 129.8% |
| 02 Aug 2004 | £157,500 | - |
244 Lewisham Road has increased in price by £30,000 since it last sold in 2022 - this equates to a 3.6% rise each year.
At its last energy performance certificate inspection, it got an above average rating for this postcode with a score of 78 out of 100.
On a cost per square foot basis, this property is valued at 1% less than the other houses in this postcode.
This property is currently valued at £433 per square foot - the average cost per square foot for this postcode is £438.
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.
Built between 1950 and 1966, the property has sold twice over the last 29 years.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £370k and £414k.
The property turned out to be a reasonably good investment for the previous owner - returning on average 4.8% per annum.
The previous owner had the property for 17 years, having purchased it in August 2004 for £157,500.
During this time, the price rose by £204,500 (129.8%), which equates to it increasing in value by 4.8% each year.
The property turned out to be a reasonably good investment for the previous owner.
The sale on 25 February 2022 was recorded as a non-residential transaction. This can be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.
| Property | Valuation | ||
|---|---|---|---|
|
268 Lewisham Road, London
861 sq.ft. |
£312,000 | ||
|
240 Lewisham Road, London
807 sq.ft. |
£321,000 | ||
|
250 Lewisham Road, London
861 sq.ft. |
£361,000 | ||
|
262 Lewisham Road, London
753 sq.ft. |
£370,000 | ||
|
272 Lewisham Road, London
818 sq.ft. |
£371,000 | ||
 |
270 Lewisham Road, London
1 bed | 732 sq. ft. |
£374,000 | |
|
248 Lewisham Road, London
|
£388,000 | ||
 |
244 Lewisham Road, London
3 bed | 904 sq. ft. |
£392,000 |
Most likely sale price: £392k
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 31/03/2024 - this was released on the 29/04/2024.
