£1,069,903
This estimated value is based upon the latest sale price for the house of £850,000 on 2 Feb 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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6 London Street, Paddington, London, W2 1HR
Phone: 02081285989
Price Paid | Date |
---|---|
£850,000 | 2 Feb 2018 |
£859,750 | 15 Dec 2016 |
Flats/Maisonettes |
Leasehold |
Floor Area: 54 sq meters or 581 sq feet |
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 February 2018 the House Price Index for GREATER LONDON was 118.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.871%.Applying this 25.871% change to the original purchase price of £850,000 results in an estimated price of approximately £1,069,903.
2 Feb 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.9 | 149.7 | 25.871 % | £850,000 | £219,903 | £1,069,903 |
The Postcode Pricing Model uses changes in average sales price within the W2 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 | 48.855 % | £415,270 | £1,265,270 |
3 Month Average | -17.409 % | £-147,979 | £702,020 |
6 Month Average | -16.576 % | £-140,896 | £709,103 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Oct 2023 | £1,811,135 | £1,770,000 | APARTMENT 47 12 HERMITAGE STREET |
22 Feb 2023 | £1,409,415 | £1,400,000 | APARTMENT 41 12 HERMITAGE STREET |
9 Nov 2022 | £1,741,855 | £1,750,000 | APARTMENT 22 12 HERMITAGE STREET |
31 May 2022 | £821,399 | £800,000 | APARTMENT 13 12 HERMITAGE STREET |
30 Jun 2020 | £2,875,492 | £2,357,000 | APARTMENT 117 6 HERMITAGE STREET |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 4 Nov 2016. Using an estimated price of £1,069,903 means this house is valued at £19,813 per sq meter (£1,840 per sq foot).
The average size of a house on HERMITAGE STREET is 82 sq meters (892 sq feet).