£4,022,691
This estimated value is based upon the latest sale price for the house of £2,500,000 on 31 Jan 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2 Redan House, 27 Redan Place, London, W2 4SA
Phone: 02036414861
| Price Paid | Date |
|---|---|
| £2,500,000 | 31 Jan 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 159 sq meters or 1,711 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 January 2014 the House Price Index for GREATER LONDON was 93.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.908%.Applying this 60.908% change to the original purchase price of £2,500,000 results in an estimated price of approximately £4,022,691.
| 31 Jan 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 149.7 | 60.908 % | £2,500,000 | £1,522,691 | £4,022,691 |
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 | 14.210 % | £355,253 | £2,855,253 |
| 3 Month Average | 1.957 % | £48,925 | £2,548,925 |
| 6 Month Average | 2.026 % | £50,641 | £2,550,641 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £589,050 | £580,000 | FLAT 4 11 KENSINGTON GARDENS SQUARE |
| 7 Dec 2023 | £2,011,819 | £1,950,000 | FLAT 5 22 KENSINGTON GARDENS SQUARE |
| 20 Oct 2023 | £2,199,966 | £2,150,000 | FLAT 3 22 KENSINGTON GARDENS SQUARE |
| 28 Sep 2023 | £1,175,922 | £1,150,000 | FLAT D 33 LEINSTER SQUARE |
| 25 Sep 2023 | £281,199 | £275,000 | FLAT 4.1 24 - 25 KENSINGTON GARDENS SQUARE |
This house has a floor area of 159 sq meters or 1,711 sq feet when measured on 12 Dec 2013. Using an estimated price of £4,022,692 means this house is valued at £25,299 per sq meter (£2,350 per sq foot).
The average size of a house on PRINCES SQUARE is 102 sq meters (1,107 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near Princes Square |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Ilchester Gardens |
| Apr 2024 | Burglary | Under investigation | On or near Ilchester Gardens |