£1,023,826
This estimated value is based upon the latest sale price for the house of £200,000 on 9 Jul 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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298 Gray's Inn Road, London, WC1X 8DX
Phone: 02034632721
| Price Paid | Date |
|---|---|
| £200,000 | 9 Jul 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 709 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 July 1997 the House Price Index for GREATER LONDON was 29.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 411.913%.Applying this 411.913% change to the original purchase price of £200,000 results in an estimated price of approximately £1,023,826.
| 9 Jul 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.2 | 149.7 | 411.913 % | £200,000 | £823,826 | £1,023,826 |
The Postcode Pricing Model uses changes in average sales price within the WC1N 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 | 172.825 % | £345,649 | £545,649 |
| 3 Month Average | 188.039 % | £376,077 | £576,077 |
| 6 Month Average | 289.412 % | £578,823 | £778,823 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £469,424 | £455,000 | FLAT 87 TRINITY COURT, 254 GRAY'S INN ROAD |
| 15 Sep 2023 | £434,580 | £425,000 | FLAT 59 TRINITY COURT, 254 GRAYS INN ROAD |
| 18 Jan 2023 | £1,263,376 | £1,260,000 | SECOND AND THIRD FLOOR PREMISES 34 DOUGHTY STREET |
| 7 Nov 2022 | £593,226 | £596,000 | FLAT G 165 GRAYS INN ROAD |
| 10 Jun 2022 | £1,261,976 | £1,235,000 | FLAT 1 165 GRAYS INN ROAD |
This house has a floor area of 65 sq meters or 709 sq feet when measured on 14 Apr 2010. Using an estimated price of £1,023,826 means this house is valued at £15,543 per sq meter (£1,444 per sq foot).
The average size of a house on MECKLENBURGH SQUARE is 86 sq meters (932 sq feet).