£5,720,521
This estimated value is based upon the latest sale price for the house of £4,750,000 on 24 Jul 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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61 Park Lane, Mayfair,, W1K 1QF
Phone: 02036418153
Price Paid | Date |
---|---|
£4,750,000 | 24 Jul 2020 |
Terraced |
Freehold |
Floor Area: 229 sq meters or 2,464 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 2020 the House Price Index for GREATER LONDON was 122.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 20.432%.Applying this 20.432% change to the original purchase price of £4,750,000 results in an estimated price of approximately £5,720,521.
24 Jul 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.9 | 148.0 | 20.432 % | £4,750,000 | £970,521 | £5,720,521 |
The Postcode Pricing Model uses changes in average sales price within the W1K 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 | 55.177 % | £2,620,894 | £7,370,894 |
3 Month Average | 185.813 % | £8,826,104 | £13,576,104 |
6 Month Average | 110.527 % | £5,250,053 | £10,000,053 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £9,231,186 | £9,200,000 | 2 ALDFORD STREET |
8 Mar 2022 | £2,373,780 | £2,300,000 | FLAT 2 64 SOUTH AUDLEY STREET |
18 Feb 2022 | £1,697,248 | £1,625,000 | FLAT 4 65 SOUTH AUDLEY STREET |
21 Jul 2021 | £2,403,712 | £2,100,000 | FLAT 2 6 ALDFORD STREET |
11 Jun 2021 | £1,944,838 | £1,820,000 | FLAT 52A 55 PARK LANE |
This house has a floor area of 229 sq meters or 2,464 sq feet when measured on 3 Feb 2020. Using an estimated price of £5,720,521 means this house is valued at £24,980 per sq meter (£2,320 per sq foot).
The average size of a house on SOUTH STREET is 318 sq meters (3,427 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Criminal damage and arson | Under investigation | On or near Balfour Mews |
Apr 2024 | Theft from the person | Under investigation | On or near Balfour Place |
Mar 2024 | Burglary | Under investigation | On or near Balfour Place |
Feb 2024 | Anti-social behaviour | On or near Balfour Place | |
Feb 2024 | Vehicle crime | Under investigation | On or near Balfour Place |