£957,705
This estimated value is based upon the latest sale price for the house of £725,000 on 16 Dec 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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4c Praed Street, Paddington, London, W2 1JX
Phone: 02036414567
Price Paid | Date |
---|---|
£725,000 | 16 Dec 2016 |
£243,750 | 7 Apr 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 49 sq meters or 531 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 2016 the House Price Index for GREATER LONDON was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £725,000 results in an estimated price of approximately £957,705.
16 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.3 | 149.7 | 32.097 % | £725,000 | £232,705 | £957,705 |
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 | -25.183 % | £-182,573 | £542,426 |
3 Month Average | -18.046 % | £-130,832 | £594,167 |
6 Month Average | -9.568 % | £-69,371 | £655,628 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Jul 2022 | £611,123 | £605,000 | FLAT 313 BALMORAL APARTMENTS, 2 PRAED STREET |
11 Feb 2022 | £1,426,217 | £1,350,000 | FLAT 601 BALMORAL APARTMENTS, 2 PRAED STREET |
6 Dec 2021 | £690,757 | £640,000 | FLAT 812 BALMORAL APARTMENTS, 2 PRAED STREET |
29 Jun 2021 | £617,445 | £571,250 | FLAT 406 BALMORAL APARTMENTS, 2 PRAED STREET |
19 Dec 2019 | £2,595,275 | £2,100,000 | FLAT 1112 BALMORAL APARTMENTS, 2 PRAED STREET |
This house has a floor area of 49 sq meters or 531 sq feet when measured on 13 Nov 2008. Using an estimated price of £957,705 means this house is valued at £19,386 per sq meter (£1,801 per sq foot).
The average size of a house on PRAED STREET is 67 sq meters (723 sq feet).