£693,725
This estimated value is based upon the latest sale price for the house of £600,000 on 7 Dec 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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38 Star Street, Paddington, London, W2 1QB
Phone: 02080227777
Price Paid | Date |
---|---|
£600,000 | 7 Dec 2020 |
£495,000 | 15 Mar 2017 |
£265,000 | 20 Jul 2007 |
£265,000 | 14 Jun 2006 |
Flats/Maisonettes |
Leasehold |
Floor Area: 48 sq meters or 516 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 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £600,000 results in an estimated price of approximately £693,725.
7 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.5 | 149.7 | 15.621 % | £600,000 | £93,725 | £693,725 |
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 | 1.240 % | £7,440 | £607,440 |
3 Month Average | -5.677 % | £-34,062 | £565,937 |
6 Month Average | -16.298 % | £-97,787 | £502,212 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Oct 2023 | £399,064 | £390,000 | FLAT 117 DEVONPORT, 23 SOUTHWICK STREET |
23 Aug 2023 | £590,653 | £580,000 | FLAT 108 DEVONPORT, 23 SOUTHWICK STREET |
7 Dec 2020 | £693,726 | £600,000 | FLAT 125 DEVONPORT, 23 SOUTHWICK STREET |
27 Nov 2020 | £1,769,422 | £1,515,000 | FLAT 121 DEVONPORT, 23 SOUTHWICK STREET |
25 Aug 2020 | £684,903 | £567,000 | FLAT 98 DEVONPORT, 23 SOUTHWICK STREET |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 8 Jun 2020. Using an estimated price of £693,726 means this house is valued at £14,452 per sq meter (£1,342 per sq foot).
The average size of a house on SOUTHWICK STREET is 75 sq meters (811 sq feet).