Sussex Square, Bayswater, W2
The Instruction
Our client required professional advice regarding the Market Value of a substantial freehold residential property on Sussex Square, Bayswater, just under 5000 sq. foot.
Stokemont’s RICS Registered Valuers were instructed to undertake a Market Valuation, taking into account the property’s substantial accommodation, high-quality refurbishment and prime central London location.
The Property
The property was a large multi-storey freehold house situated within an established residential development in Bayswater.
The house had undergone a comprehensive refurbishment to a particularly high standard, placing it within a premium segment of the local residential market.
Its size, specification and overall quality meant that careful consideration was required when assessing its position within the local market and identifying appropriate comparable evidence.
Key Valuation Considerations
Property Size
The substantial scale of the property required careful analysis of comparable evidence, particularly where directly comparable properties of a similar size were limited.
Quality of Refurbishment
The property had been comprehensively refurbished to a high standard. The quality, specification and presentation of the accommodation were therefore important considerations in assessing its Market Value.
Prime Location
Sussex Square is situated within a highly established and desirable part of West London. The property’s location and its position within the local market were key factors in the valuation assessment.
Comparable Evidence
Available market evidence was analysed and considered in the context of the property’s individual characteristics, size, specification and condition.
For high-value residential properties, professional judgement is particularly important where there may be limited directly comparable transactions.
Our Advice
Our RICS Registered Valuers undertook an assessment of the property’s characteristics, accommodation, condition, specification and location before considering the available market evidence.
The valuation considered the property as a whole and applied appropriate professional judgement when analysing comparable transactions and determining their relevance to the subject property.
The Outcome
Stokemont provided the client with an independent RICS Market Valuation of a substantial and highly specified freehold residence in Bayswater.
The instruction demonstrated the importance of experienced valuation advice where a property sits at the upper end of the local market and differs significantly from more typical residential stock.
By considering the property’s scale, quality, location and available comparable evidence together, we provided the client with a reasoned assessment of its Market Value.
Stokemont provides RICS Market Valuations for residential and commercial properties throughout London, including high-value, bespoke and unusual properties where specialist market analysis and professional judgement are essential.
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