£1,690,287
This estimated value is based upon the latest sale price for the house of £1,350,000 on 1 Dec 2017. 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 |
---|---|
£1,350,000 | 1 Dec 2017 |
Flats/Maisonettes |
Leasehold |
Floor Area: 112 sq meters or 1,205 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 2017 the House Price Index for GREATER LONDON was 118.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 25.206%.Applying this 25.206% change to the original purchase price of £1,350,000 results in an estimated price of approximately £1,690,287.
1 Dec 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.2 | 148.0 | 25.206 % | £1,350,000 | £340,287 | £1,690,287 |
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 | -55.380 % | £-747,624 | £602,375 |
3 Month Average | -18.727 % | £-252,810 | £1,097,189 |
6 Month Average | -7.823 % | £-105,615 | £1,244,384 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Aug 2023 | £452,753 | £450,000 | FLAT 706 BALMORAL APARTMENTS, 2 PRAED STREET |
21 Mar 2023 | £1,709,239 | £1,700,000 | FLAT 113 BALMORAL APARTMENTS, 2 PRAED STREET |
29 Jun 2021 | £610,433 | £571,250 | FLAT 406 BALMORAL APARTMENTS, 2 PRAED STREET |
26 Oct 2020 | £934,677 | £800,000 | FLAT 1105 BALMORAL APARTMENTS, 2 PRAED STREET |
31 Jan 2020 | £1,081,162 | £890,000 | FLAT 302 BALMORAL APARTMENTS, 2 PRAED STREET |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 17 Sep 2009. Using an estimated price of £1,690,287 means this house is valued at £15,091 per sq meter (£1,402 per sq foot).
The average size of a house on PRAED STREET is 67 sq meters (723 sq feet).