£268,241
This estimated value is based upon the latest sale price for the house of £142,500 on 5 Nov 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Unit 1 The Colonnades, 15 Porchester Square Mews, London, W2 6AG
Phone: 02036415140
Price Paid | Date |
---|---|
£142,500 | 5 Nov 2004 |
£71,000 | 4 Aug 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 29 sq meters or 312 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 November 2004 the House Price Index for GREATER LONDON was 78.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.239%.Applying this 88.239% change to the original purchase price of £142,500 results in an estimated price of approximately £268,241.
5 Nov 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
78.9 | 148.6 | 88.239 % | £142,500 | £125,741 | £268,241 |
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 | 179.773 % | £256,176 | £398,676 |
3 Month Average | 102.810 % | £146,503 | £289,003 |
6 Month Average | 140.111 % | £199,658 | £342,158 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 May 2022 | £438,258 | £430,000 | 27D PORCHESTER SQUARE |
31 Mar 2022 | £1,152,842 | £1,112,500 | 9E PORCHESTER SQUARE |
16 Sep 2021 | £384,701 | £357,000 | 258B GLOUCESTER TERRACE |
31 Aug 2021 | £753,041 | £675,000 | 22C PORCHESTER SQUARE |
27 Aug 2021 | £764,197 | £685,000 | 18D PORCHESTER SQUARE |
This house has a floor area of 29 sq meters or 312 sq feet when measured on 2 Nov 2018. Using an estimated price of £268,241 means this house is valued at £9,249 per sq meter (£859 per sq foot).
The average size of a house on GLOUCESTER TERRACE is 63 sq meters (680 sq feet).