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|£24,000,000||23 Aug 2019|
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 August 2019 the House Price Index for GREATER LONDON was 122.1.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 0.893%.
Applying this 0.893% change to the original purchase price of £24,000,000 gives us an estimated price now of around £24,214,216.
|23 Aug 2019||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the SW1X 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||20.329 %||£4,878,878||£28,878,878|
|3 Month Average||35.655 %||£8,557,081||£32,557,081|
|6 Month Average||-24.023 %||£-5,765,599||£18,234,400|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In August 2019 the average sale price for the 50 nearest sales within a mile of BELGRAVIA GATE, 11 - 15 APARTMENT 7 GROSVENOR CRESCENT was £1,651,821.
In August 2020 the average sale price for the 31 nearest sales was £745,551. This is a change of -54.865%.
So taking the original purchase price of £24,000,000 and adjusting it by -54.865% gives an estimated price of £10,832,423.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 23 Aug 2019||Average price on 25 Aug 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|2 Sep 2019||£8,065,024||£8,000,000||19 WILTON PLACE|
|29 Aug 2019||£25,727,605||£25,500,000||16 WILTON CRESCENT|
|9 Jan 2019||£7,885,162||£7,800,000||APARTMENT 4 BELGRAVIA GATE, 11 - 15 GROSVENOR CRESCENT|
|6 Sep 2018||£6,666,323||£6,700,000||22 KINNERTON STREET|
|6 Aug 2018||£1,440,611||£1,450,000||PART OF 25 WILTON ROW|