£2,844,744
This estimated value is based upon the latest sale price for the house of £2,250,000 on 12 Jan 2018. 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 |
|---|---|
| £2,250,000 | 12 Jan 2018 |
| £970,000 | 17 Jul 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 110 sq meters or 1,187 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 2018 the House Price Index for GREATER LONDON was 118.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.433%.Applying this 26.433% change to the original purchase price of £2,250,000 results in an estimated price of approximately £2,844,744.
| 12 Jan 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 149.7 | 26.433 % | £2,250,000 | £594,744 | £2,844,744 |
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 | 13.772 % | £309,869 | £2,559,869 |
| 3 Month Average | -28.301 % | £-636,770 | £1,613,229 |
| 6 Month Average | -19.898 % | £-447,705 | £1,802,294 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jan 2023 | £1,353,617 | £1,350,000 | FLAT J 53 LANCASTER GATE |
| 15 Aug 2022 | £773,617 | £770,000 | FLAT 3 55 LANCASTER GATE |
| 17 Jun 2022 | £1,696,259 | £1,660,000 | FLAT 1 45 LANCASTER GATE |
| 18 Mar 2022 | £2,322,751 | £2,225,000 | FLAT 32 BARRIE HOUSE LANCASTER GATE |
| 25 Feb 2022 | £3,961,715 | £3,750,000 | FLAT F 42 LANCASTER GATE |
This house has a floor area of 110 sq meters or 1,187 sq feet when measured on 19 Apr 2010. Using an estimated price of £2,844,744 means this house is valued at £25,781 per sq meter (£2,395 per sq foot).
The average size of a house on LANCASTER GATE is 120 sq meters (1,297 sq feet).