£2,234,793
This estimated value is based upon the latest sale price for the house of £1,625,000 on 5 Feb 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
4c Praed Street, Paddington, London, W2 1JX
Phone: 02036414567
Price Paid | Date |
---|---|
£1,625,000 | 5 Feb 2016 |
£630,000 | 1 Mar 2006 |
£575,000 | 30 Jun 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 100 sq meters or 1,076 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 February 2016 the House Price Index for GREATER LONDON was 108.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 37.526%.Applying this 37.526% change to the original purchase price of £1,625,000 results in an estimated price of approximately £2,234,793.
5 Feb 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
108.9 | 149.7 | 37.526 % | £1,625,000 | £609,793 | £2,234,793 |
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 | 25.466 % | £413,822 | £2,038,822 |
3 Month Average | -16.212 % | £-263,444 | £1,361,555 |
6 Month Average | -18.120 % | £-294,442 | £1,330,557 |
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 100 sq meters or 1,076 sq feet when measured on 27 Sep 2011. Using an estimated price of £2,234,793 means this house is valued at £22,347 per sq meter (£2,076 per sq foot).
The average size of a house on PRAED STREET is 67 sq meters (723 sq feet).