This estimated value is based upon the latest sale price for the house of £4,000,000 on 18 May 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£4,000,000||18 May 2018|
|£1,065,000||13 Mar 2002|
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 May 2018 the House Price Index for GREATER LONDON was 121.9.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 1.073%.
Applying this 1.073% change to the original purchase price of £4,000,000 gives us an estimated price now of around £4,042,919.
|18 May 2018||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||-56.897 %||£-2,275,862||£1,724,137|
|3 Month Average||-23.445 %||£-937,818||£3,062,181|
|6 Month Average||-27.196 %||£-1,087,843||£2,912,156|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In May 2018 the average sale price for the 50 nearest sales within two miles of WELLINGTON COURT, 116 FLAT 4 KNIGHTSBRIDGE was £1,689,849.
In September 2020 the average sale price for the 31 nearest sales was £738,719. This is a change of -56.285%.
So taking the original purchase price of £4,000,000 and adjusting it by -56.285% gives an estimated price of £1,748,603.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 18 May 2018||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|30 Aug 2019||£1,916,959||£1,900,000||19 PARK MANSIONS KNIGHTSBRIDGE|
|11 Feb 2019||£633,337||£625,000||FLAT 9 ALBERT GATE COURT, 124 KNIGHTSBRIDGE|
|18 May 2018||£4,042,920||£4,000,000||FLAT 4 WELLINGTON COURT, 116 KNIGHTSBRIDGE|
|16 May 2018||£1,718,241||£1,700,000||78 PARK MANSIONS KNIGHTSBRIDGE|
|3 Apr 2018||£15,835,520||£15,650,000||RESTAURANT PREMISES AT 116 KNIGHTSBRIDGE|