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|£9,000,000||15 Jun 2015|
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in June 2015 the House Price Index for GREATER LONDON was 103.2.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 19.358%.
Applying this 19.358% change to the original purchase price of £9,000,000 gives us an estimated price now of around £10,742,203.
|15 Jun 2015||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the SW1X postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
|Change %||Change £||Estimated Price|
|1 Month Average||525.000 %||£47,250,000||£56,250,000|
|3 Month Average||-5.219 %||£-469,699||£8,530,300|
|6 Month Average||-10.735 %||£-966,171||£8,033,828|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In June 2015 the average sale price for the 50 nearest sales within two miles of ONE HYDE PARK, 100 APARTMENT B.01.3 KNIGHTSBRIDGE was £1,225,484.
In September 2020 the average sale price for the 28 nearest sales was £779,918. This is a change of -36.358%.
So taking the original purchase price of £9,000,000 and adjusting it by -36.358% gives an estimated price of £5,727,746.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 15 Jun 2015||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|27 Sep 2019||£2,066,662||£2,050,000||FLAT 38 FALMOUTH HOUSE CLARENDON PLACE|
|11 Feb 2019||£633,337||£625,000||FLAT 9 ALBERT GATE COURT, 124 KNIGHTSBRIDGE|
|10 Jan 2019||£5,206,229||£5,150,000||FLAT 12 HAMPSHIRE HOUSE, 12 HYDE PARK PLACE|
|20 Dec 2018||£990,478||£985,000||FLAT 86 ALBION GATE HYDE PARK PLACE|
|22 Jun 2018||£1,506,019||£1,500,000||FLAT 52 SOUTH LODGE, 245 KNIGHTSBRIDGE|