£1,697,189
This estimated value is based upon the latest sale price for the house of £1,330,000 on 26 Jun 2017. 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 |
---|---|
£1,330,000 | 26 Jun 2017 |
Flats/Maisonettes |
Leasehold |
Floor Area: 87 sq meters or 936 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 June 2017 the House Price Index for GREATER LONDON was 116.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 27.608%.Applying this 27.608% change to the original purchase price of £1,330,000 results in an estimated price of approximately £1,697,189.
26 Jun 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.0 | 148.0 | 27.608 % | £1,330,000 | £367,189 | £1,697,189 |
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 | -35.987 % | £-478,631 | £851,368 |
3 Month Average | -23.584 % | £-313,668 | £1,016,331 |
6 Month Average | -14.756 % | £-196,259 | £1,133,740 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Feb 2023 | £1,393,410 | £1,400,000 | APARTMENT 41 12 HERMITAGE STREET |
9 Nov 2022 | £1,722,075 | £1,750,000 | APARTMENT 22 12 HERMITAGE STREET |
13 Oct 2022 | £1,379,494 | £1,400,000 | APARTMENT 65 6 HERMITAGE STREET |
31 May 2022 | £812,071 | £800,000 | APARTMENT 13 12 HERMITAGE STREET |
30 Jun 2020 | £2,979,130 | £2,470,000 | APARTMENT 119 6 HERMITAGE STREET |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 4 Nov 2016. Using an estimated price of £1,697,189 means this house is valued at £19,507 per sq meter (£1,812 per sq foot).
The average size of a house on HERMITAGE STREET is 82 sq meters (892 sq feet).