£1,463,729
This estimated value is based upon the latest sale price for the house of £420,000 on 26 Mar 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2 Stephen Street, London, W1T 1AN
Phone: 02080333396
| Price Paid | Date |
|---|---|
| £420,000 | 26 Mar 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 91 sq meters or 979 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 March 2001 the House Price Index for GREATER LONDON was 42.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 248.507%.Applying this 248.507% change to the original purchase price of £420,000 results in an estimated price of approximately £1,463,729.
| 26 Mar 2001 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.5 | 148.0 | 248.507 % | £420,000 | £1,043,729 | £1,463,729 |
The Postcode Pricing Model uses changes in average sales price within the W1T 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 | 711.322 % | £2,987,550 | £3,407,550 |
| 3 Month Average | 600.720 % | £2,523,023 | £2,943,023 |
| 6 Month Average | 327.731 % | £1,376,470 | £1,796,470 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £607,803 | £600,000 | FLAT 75 25 GRESSE STREET |
| 14 Nov 2023 | £992,745 | £980,000 | FLAT 128 BEDFORD COURT MANSIONS ADELINE PLACE |
| 6 Feb 2023 | £1,891,056 | £1,900,000 | 32 HANWAY STREET |
| 23 Nov 2022 | £541,223 | £550,000 | FLAT 59 25 GRESSE STREET |
| 21 Mar 2022 | £1,026,918 | £995,000 | FLAT 6 2 HANWAY PLACE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 23 Nov 2015. Using an estimated price of £1,463,729 means this house is valued at £16,084 per sq meter (£1,494 per sq foot).
The average size of a house on HANWAY PLACE is 111 sq meters (1,198 sq feet).