Flat B, 247 Hackney Road is a 1 bedroom flat - it is ranked as the 52nd most expensive property* in E2 8NA, with a valuation of £459,000.
Since it last sold in July 2019 for £440,000, its value has increased by £19,000.
If we valued this property using the average cost per square foot (CPSF):
This assumes that the property has an internal floor area of 641 square feet.
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.
The most paid for a property in Hackney Road, E2 8NA was £2,600,000 in 2022.
Date | Price | Change |
---|---|---|
Today's value* | £459,000 | 4.3% |
26 Jul 2019 | £440,000 | 277.7% |
23 Mar 2001 | £116,500 | - |
The most likely sale price is £459,000 but at the lower end we think it should fetch a minimum of £438,000.
This property has increased in price by £19,000 since it last sold in 2019 - this equates to a 0.9% rise each year.
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £528,000.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £438k and £480k.
The property turned out to be a really good investment for the previous owner - returning on average 7.5% per annum.
The previous owner had the property for 18 years, having purchased it in March 2001 for £116,500.
During this time, the price rose by £323,500 (277.7%), which equates to it increasing in value by 7.5% each year.
The property turned out to be a really good investment for the previous owner.
Property | Valuation | ||
---|---|---|---|
221 - 227, Storage Space 16
|
£10,000 | ||
Flat 1, 245B Hackney Road
409 sq.ft. |
£101,000 | ||
291A, Unit 2
|
£387,000 | ||
Flat 3, 245B Hackney Road
452 sq.ft. |
£394,000 | ||
245 Hackney Road, London
|
£425,000 | ||
Flat 3, 291A Hackney Road
527 sq.ft. |
£583,000 | ||
247A Hackney Road, London
1 bed | 667 sq. ft. |
£613,000 | ||
Flat 3, 261 Hackney Road
646 sq.ft. |
£641,000 | ||
Flat 3, 291B Hackney Road
1130 sq.ft. |
£786,000 | ||
249 Hackney Road, London
|
£2,345,000 |
Most likely sale price: £459k
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.