
Explore which home improvements can not only enhance your living space but also increase your property's value
8b Tichborne Street is a 590 square foot flat with a valuation of £345,000.
Since the property was last sold in January 2000 for £80,000, its value has risen by £265,000.
Sold property prices and home valuation trends over time
Flat features and location
8b Tichborne Street is a leasehold flat, built before 1900. A 2017 survey recorded the property as having 590 square feet of floor space and space for 2 bedrooms.
Timeline of sold property prices and cost per square foot
Since 8b Tichborne Street's first recorded sale in 2000, the flat's price has risen by £265,000 or 14% per year.
During the same period, the price of an average home on Tichborne Street increased by £347,000 or 14% per year, and the average UK home increased by 10% per year.
Flat leasehold, £585 per square foot
Flat leasehold new-build, £136 per square foot
Comparison of local and national property prices
House Prices in Tichborne Street start at £169,000 for the cheapest property on the street, rising to £1,070,000 for the most expensive.
8b Tichborne Street is worth 23% less than the £449,000 average property on Tichborne Street and 15% more than the £300,000 average home in England.
Using local prices per square foot as benchmarks for valuation
When valuing this property, one factor we consider is the average cost per square foot (CPSF) for flats in the area. Based on this metric alone, the property's valuation would be £358,000.
Our valuation is at the lower end of the £525 to £689 CPSF you would have to pay for a typical flat in Tichborne Street. Factors such as features and floor level affect CPSF, with past sale prices reflecting these differences.
Energy usage and efficiency compared to the average flat in England and Wales. Figures from a 2017 survey
Property valuation details and commonly asked questions
At a sale price of £345,000, the property’s cost per square foot suggests it may be more modest in condition or features compared to neighbouring homes.
Making home improvements could increase the cost per square foot within the £525 to £689 per square foot range we typically see for flats in Tichborne Street, increasing the property's value.
Every month, our Automated Valuation Model (AVM) determines property values.
Our AVM collects data from reputable sources, like HM Land Registry, and uses the data to estimate what each property is worth.
In our tests, we have found that the sale price of a property falls within our AVM's confidence range in most cases. However, there are scenarios where the valuations are not accurate. For example, if significant alterations have been made to a property recently or if a property is unique with few comparables.
For more details on the workings of our AVM, including its strengths, limitations, and how it measures up to traditional valuation methods, please refer to our guide 'How We Value Property'.
We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.
Sold property prices, and data on property types/tenures, are sourced from the HM Land Registry.
There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.
Other property details, such as energy efficiency, are estimates from a 2017 property survey.
We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.
If sold property prices or property types are incorrect, you should verify them with HM Land Registry. You can notify HM Land Registry of any errors.
If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.
You can verify property details related to energy efficiency.
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