£766,780
This estimated value is based upon the latest sale price for the house of £450,000 on 21 Dec 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Rede Place
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78 Westbourne Grove, Bayswater, London, W2 5RT
Phone: 02080224555
| Price Paid | Date |
|---|---|
| £450,000 | 21 Dec 2012 |
| £370,000 | 22 Feb 2010 |
| £252,500 | 4 Nov 2005 |
| £68,000 | 22 Oct 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 40 sq meters or 430 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 December 2012 the House Price Index for GREATER LONDON was 87.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.396%.Applying this 70.396% change to the original purchase price of £450,000 results in an estimated price of approximately £766,780.
| 21 Dec 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 149.7 | 70.396 % | £450,000 | £316,780 | £766,780 |
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 | 48.202 % | £216,908 | £666,908 |
| 3 Month Average | 15.359 % | £69,117 | £519,117 |
| 6 Month Average | 18.254 % | £82,142 | £532,142 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jul 2024 | £1,150,000 | £1,150,000 | 8 REDE PLACE |
| 22 Mar 2024 | £849,045 | £836,000 | BASEMENT FLAT 33A CHEPSTOW PLACE |
| 19 Oct 2023 | £1,458,117 | £1,425,000 | FLAT 20 27 HEREFORD ROAD |
| 16 Jan 2023 | £1,002,679 | £1,000,000 | 3 REDE PLACE |
| 2 Sep 2022 | £1,399,065 | £1,400,000 | GROUND FLOOR OFFICE SPACE 1 HEREFORD ROAD |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 24 Jul 2012. Using an estimated price of £766,781 means this house is valued at £19,169 per sq meter (£1,780 per sq foot).
The average size of a house on HEREFORD ROAD is 114 sq meters (1,230 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Under investigation | On or near Rede Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Leinster Square |
| Apr 2024 | Vehicle crime | Under investigation | On or near Leinster Square |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Leinster Square |
| Apr 2024 | Burglary | Under investigation | On or near Leinster Square |