£707,507
This estimated value is based upon the latest sale price for the house of £675,000 on 31 Jan 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Lancaster Gate, London, W2 3NP
Phone: 02036417197
| Price Paid | Date |
|---|---|
| £675,000 | 31 Jan 2022 |
| £675,000 | 26 Aug 2011 |
| £392,500 | 7 Apr 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 2022 the House Price Index for GREATER LONDON was 141.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.816%.Applying this 4.816% change to the original purchase price of £675,000 results in an estimated price of approximately £707,507.
| 31 Jan 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.0 | 4.816 % | £675,000 | £32,507 | £707,507 |
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 | -43.209 % | £-291,658 | £383,341 |
| 3 Month Average | -57.731 % | £-389,683 | £285,316 |
| 6 Month Average | -31.221 % | £-210,742 | £464,257 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £1,505,085 | £1,500,000 | FLAT 4 7 CRAVEN HILL |
| 10 Jan 2023 | £1,338,245 | £1,350,000 | FLAT J 53 LANCASTER GATE |
| 15 Aug 2022 | £764,832 | £770,000 | FLAT 3 55 LANCASTER GATE |
| 17 Jun 2022 | £1,676,997 | £1,660,000 | FLAT 1 45 LANCASTER GATE |
| 25 Feb 2022 | £3,916,726 | £3,750,000 | FLAT F 42 LANCASTER GATE |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 16 Nov 2021. Using an estimated price of £707,507 means this house is valued at £14,150 per sq meter (£1,314 per sq foot).
The average size of a house on LANCASTER GATE is 120 sq meters (1,297 sq feet).