3 Albert Terrace, Drakewalls is a 3 bedroom terraced house spread over 872 square feet, making it one of the smaller properties here - it is ranked as the 5th most expensive property* in PL18 9DU, with a valuation of £242,000.
Since it last sold in June 2022 for £257,500, its value has decreased by £15,500.
We expect this property to be in very good condition (or is significantly more desirable for some other reason) based on its price per square foot; it is currently valued at £277 per square foot.
At a sale price of £242k, we expect this property to be in a substantially better condition than the neighbouring properties in the road.
Why is The Move Market valuation less than my estate agents valuation?As it has a higher cost per square foot than the other properties in the road, 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 it could also be because the property has more appealing architecture, a bigger garden, more parking spaces or a garage etc.
Update property conditionAt a valuation of £242k this property has a cost per square foot of £277 - this is substantially more than the average for the area (which is currently £243).
The most paid for a property in Albert Terrace, PL18 9DU was £257,500 in 2022.
| Date | Price | Change |
|---|---|---|
| Today's value* | £242,000 | 6.0% |
| 24 Jun 2022 | £257,500 | 296.2% |
| 11 Aug 2000 | £65,000 | - |
The previous owner had the property for 21 years, having purchased it in August 2000 for £65,000.
During this time, the price rose by £192,500 (296.2%), which equates to it increasing in value by 6.5% each year.
The property turned out to be a really good investment for the previous owner.
3 Albert Terrace, Drakewalls has decreased in price by £15,500 since it last sold in 2022 - this equates to a 3.1% fall each year.
At its last energy performance certificate inspection, it got an above average rating for this postcode with a score of 62 out of 100.
On a cost per square foot basis, this property is valued at 14% more than the other houses in this postcode.
This property is currently valued at £277 per square foot - the average cost per square foot for this postcode is £243.
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 £278,000.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £229k and £255k.
The property turned out to be a really good investment for the previous owner - returning on average 6.5% per annum.
| Property | Valuation | ||
|---|---|---|---|
 |
10 Albert Terrace, Drakewalls
2 bed |
£184,000 | |
|
9 Albert Terrace, Drakewalls
|
£189,000 | ||
 |
4 Albert Terrace, Drakewalls
3 bed | 1023 sq. ft. |
£225,000 | |
 |
3 Albert Terrace, Drakewalls
3 bed | 872 sq. ft. |
£242,000 | |
 |
1 Albert Terrace, Drakewalls
3 bed | 967 sq. ft. |
£257,000 | |
|
8 Albert Terrace, Drakewalls
|
£268,000 | ||
 |
7 Albert Terrace, Drakewalls
2 bed | 1270 sq. ft. |
£270,000 | |
|
2 Albert Terrace, Drakewalls
1184 sq.ft. |
£286,000 |
Most likely sale price: £242k
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.
